0
Depends on the language of the agreement.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Under common law if the lessee assigned the lease what would happen?
(in the US) Contract law is quire clear and is not administered under "common" law. If the lease prohibits the lease from being "assigned" then it is not legally assignable. If there is no prohibition against it then it is legally permissable.
What is a ground rent lease and can is it advantageous to buy one?
A ground rent lease is a regular payment from the owner of a building to the owner of the land on which the building sits. The advantages vary greatly depending on the market at the time and the length of the lease.
What are the advantages and disadvantages of renting a ground lease?
Ground rent is a complicated real estate concept that is almost never used in the US. The advantages of a ground rent lease are that a perpetual income is derived from a property, the disadvantages of the ground rent is that it can make a property very difficult to sell.
Your parents live in Virginia Beach VA your father has a aneurysm and needs to move back to Il Condo owner they lease from will not let them out of the remaining 6 mo of lease Lease needs to be broken?
Is the Lease assignable and/or can you sublet it? If your Lease says you can, or if the Lessor will allow it, you could find someone else to take over the terms of the Lease without interruption (which is an "assignment" - you're assigning the lease terms to someone else.) "Subletting" means that someone else would stay there and pay your parents, and then your parents pay the Lessor. This, too, usually requires Lessor permission. Breaking a lease can have serious repercussions for credit (and possibly future housing.) Investigate all your options (including reading the lease yourself and/or having counsel go over it.)
What is the term for ground rent lease?
Ground rent lease means you own the house but someone else owns the actual property that the house sits on; therefore, you must pay the owner rent on that land. If you don't own the ground rent, you can purchase it.
What is a ground rent lease and what are the benefits of it?
Ground leases offer many advantages to the landlord. A ground lease will usually involve construction or improvements that will be profitable to the landlord. Since the landlord maintains ownership of the land, the landlord can sell the land for a much higher value or pass on the appreciated value of the land to his heirs. There is also a positive advantage of ground lease for tenants. A ground lease allows the tenant ready use of the land avoiding blocking of huge money in a large land purchase. Leasing the land will facilitate the tenant to use funds for more productive expenses.
How do you transfer a liquor license?
In Illinois liquor licenses are not transferable or assignable.
Dodge sprinter 3500 commercial van for lease?
bush truck leasing.. we have 6 of them... all fedex ground drivers lease it from them... we pay $450 a month per each..
Incomplete term that needs one of the modifiers to make a code assignable?
include
What are the benefits of ground?
Ground leases offer many advantages to the landlord. A ground lease will usually involve construction or improvements that will be profitable to the landlord. Since the landlord maintains ownership of the land, the landlord can sell the land for a much higher value or pass on the appreciated value of the land to his heirs. There is also a positive advantage of ground lease for tenants. A ground lease allows the tenant ready use of the land avoiding blocking of huge money in a large land purchase. Leasing the land will facilitate the tenant to use funds for more productive expenses.
What are the general terms of a ground lease?
Shrek once said "this is my swamp". it was shreks swamp get off my swamp
Can our landlord make us get rid of your above ground pool?
YES ... he owns the land ... if its not in the lease ... he does not have to allow you to do so ...
