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The answer you want is based on the legal documents involved, which may include the family lease restriction language and the condominium's rental language contained in the CC&Rs for the association.

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Q: Can a corporation own a condominium and lease it under a family lease restriction?
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What is triple net lease?

A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.This form of lease is frequently used for commercial freestanding buildings. However, it has also been used in single family residential rental real estate properties.


What is the difference between lease and sublease?

A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.


What is the definition of a succeeding lease?

A succeeding lease is one that immediately follows the expiration date of the existing lease. In other words, if a person leases an office suite on a yearly basis, and continues to renew the release, it will become a succeeding lease, and go into effect the day after the expiration date on the original lease.


What is the purpose of lease obtained?

The purpose of the Lease Obtained is to give you a "Temporary" IP Address that will change when the lease Expired date comes close. EX: (Lease Obtained: Sunday October 18, 2012 at 12:30:15 PM / Lease Expires: Friday November 12, 2012 at 10:45:55 AM) "The client starts to renew a lease when half of the lease time has passed. For example, for a 24 hour lease, the client will attempt to renew the lease after 12 hours. The client requests the renewal by sending a DHCPREQUEST message to the server. The renewal request contains the current IP address and configuration information of the client."


Difference between sublet and assignment of lease?

An assignment is the transfer of a lease between the current tennant and a prospective tenant. A sublet is a lease held from a lessor who has a superior landlord.

Related questions

When was Lease Corporation International created?

Lease Corporation International was created in 2004.


What is International Lease Finance Corporation's population?

International Lease Finance Corporation's population is 170.


What is the symbol for Air Lease Corporation in the NYSE?

The symbol for Air Lease Corporation in the NYSE is: AL.


When was International Lease Finance Corporation created?

International Lease Finance Corporation was created in 1973.


In what year did Air Lease Corporation - AL - have its IPO?

Air Lease Corporation (AL)had its IPO in 2011.


What is the symbol for Willis Lease Finance Corporation in NASDAQ?

The symbol for Willis Lease Finance Corporation in NASDAQ is: WLFC.


In what year did Willis Lease Finance Corporation - WLFC - have its IPO?

Willis Lease Finance Corporation (WLFC) had its IPO in 1996.


What is the market cap for Air Lease Corporation AL?

As of July 2014, the market cap for Air Lease Corporation (AL) is $3,710,788,357.76.


What is the market cap for Willis Lease Finance Corporation WLFC?

As of July 2014, the market cap for Willis Lease Finance Corporation (WLFC) is $206,323,894.76.


Where can I download lease management software?

Free quotes and demos of tenant and lease management software for residential, commercial, industrial, retail and condominium property management firms.


Who may sign or execute a binding lease on behalf of a California corporation?

An owner of the corporation or anyone with a POA.


Did international lease finance corporation miss a bond payment?

no