Yes, it sure does. Any time a text makes any kind of home improvement that is irreversible, the home improvement becomes part of the property, which belongs to the landlord. The tenant may reverse such an improvement IF he can restore the property to the way it was - without any damages - before the home improvement was made.
Yes. Since the tenant affixed the improvement to the property, it becomes a fixture, which belongs to the landlord. An exception to this is if there was an agreement between the landlord and tenant, or if the landlord gives permission for the improvement to be removed. Standard picture hooks, and other like objects, do not constitute fixtures, and may be removed if they belong to the tenant.
Generally yes. If the contents belonged to the decedent then they would be part of the estate. All the contents may not belong to the decedent if the property was rented to the decedent or rented by the decedent to someone else. If another person lived with the decedent some of the propery may belong to that companion.
A Guest house is part of a residential home(usually rented by the month), whereas a hotel is a rooming property designed to make nightly rental revenue.
Major home improvement on a rented flat is usually not permitted in the lease but the tenant can usually paint the walls and do some other minor home improvement projects. Check your lease or speak with your landlord to be sure beforemyou start on any home improvement projects.
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
It can be a verb (in past tense), as in, "We rented a room last year." It can be used as an adjective as in, "It isn't our property; it is rented."
There are a number of companies one can purchase insurance for a rented property from. One can purchase from 'Allstate', 'American Modern' and 'State Farm'.
Damage to Premises Rented to You - formerly known as Fire Legal Liability Coverage - covers your liability to others if you occupy leased or rented property for which you could be held legally liable for damage to the property due to fire or explosion.
No. Your only interest in the property is as a tenant. Your rights to occupy the property would die with you.
Rented property can be found in many different locations in New York.These locations can include rented apartments homes and houses .Some locations include Manhattan Apartments,New York Habitat and West Eleventh Townhouses.
There are no mandatory legal requirements for insurance for rented property. However it is advisable to review your homeowners insurance if renting out the property or part of it is covered. If it isn't covered you should get a landlord insurance policy in order to be safe.
depends on what it is. What will most likely happen is the government will say it rightfully belongs to them or it depends on where you find it because if you live on rented yard and found something, it would belong to the owner of the property.