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Does the owner of a commercial building need additional building fire insurance on top of the lessees building insurance?
Wiki User
∙ 14y ago
Absolutely. The lessees carry insurance on their contents only. The building owner carries insurance that covers the entire structure in the event of catastrophic loss. * * * The answer above is only partially correct.The terms of the lease control the obligations of the parties with respect to insurance. In the absence of a specific agreement, neither party is required to have insurance.
Wiki User
∙ 14y ago
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What is the plural of lessee?
The plural of lessee is lessees.
How can I lease out a building in Troy Michigan without using a real estate agent?
You can do all the things that an agent would do. These tasks include advertising, screening applicants, background checks, negotiations, preparation of a lease contract, conducting showings to prospective lessees, credit checks, etc.
Is it a state law that all adult residents have to be listed as lessors on a lease in Illinois?
Oops, that should have said lessees.
What are some words that start with the prefix of less?
lessen, lessened, lessened, lessee, lesson, lessor, lessors, lessons, lessees, lesser
Where can you list your condominium for rent?
You need to review your condominium documents to determine if rental of units is allowed. If so, then you should check several rental agencies in your area who could vet potential lessees to find the perfect tenant.You need to review your condominium documents to determine if rental of units is allowed. If so, then you should check several rental agencies in your area who could vet potential lessees to find the perfect tenant.You need to review your condominium documents to determine if rental of units is allowed. If so, then you should check several rental agencies in your area who could vet potential lessees to find the perfect tenant.You need to review your condominium documents to determine if rental of units is allowed. If so, then you should check several rental agencies in your area who could vet potential lessees to find the perfect tenant.
What were the workers who farmed land owned by other people called?
Depending on their situation and status, they could be either farm hands, serfs, tenants, sharecroppers or lessees.
What is agricultural lessees and share tenants?
These are people who are using another person's land in order to farm. They will give an agreed upon amount or part of the crop to use the land.
What is a lessor?
A lessor is a person or business that rents dwellings to individuals and families. The lessor is typically an owner of the property or an agent of the owner of property. Lessors also rent office and business space to lessees.
Leasing Commercial Property?
Leasing commercial property is one of the most difficult and important steps in business operations. Whether for a going concern or a start-up business, entering into a lease without careful advance planning will likely result in an unsatisfactory lease relationship, and can even lead to serious conflict between lessee and lessor. Commercial property leasing is an ongoing business challenge, with most businesses leasing commercial property every several years. In many cases, though, leases are poorly prepared or poorly reviewed and fail to meet their intended purpose. The lease might be viewed as a partnership between lessee and lessor in that it defines the terms of a business relationship and sets out ongoing expectations. It does so, however, with the power of contract, and this is why lease development and negotiation are acutely important. The focus of lease negotiations is often reduced to solely issues of rent and improvements. However, there are many issues besides these that are equally critical. Would-be lessees are often not represented in negotiations by an attorney or even a real estate broker, and this is often a mistake. The unrepresented lessee is liable to simply accept any document presented by a lessor without review or modification. In this case, very often lessees find only later that the lease does not meet their needs. Of course, a lessee should know its needs even before a property is selected, and insure that the property chosen meets those needs. If so, then negotiations can proceed smoothly to conclusion.
Where can one lease a Ford with a special deal?
Any Ford dealership will have lease specials, especially to first-time lessees. For up-to-date information you can visit the Ford website and locate lease specials. Aside from that it's best to ask your local Ford salesman.
Can the owners of homes on leased lots form a homeowners association?
Usually, an association is formed by the land owner and those land-use covenants, conditions, restrictions and regulations are filed in the local land-use office. A common-interest-community-savvy attorney can help you understand your options in this situation There is no standard answer to your question..
What forms of mining are under SIC 1221?
includes auger mining, strip mining, culm bank mining, and other surface mining, by owners or lessees or by establishments that have complete responsibility for operating bituminous coal and lignite surface mines for others on a contract or fee basis.
