No he can not do it.
If a homeowner can afford to purchase a condominium, there is probably no good reason why the purchase can't be completed. However, if the two properties are within the same development, there may be restrictions contained in the governing documents about the number of residential units that a single owner can own.
Yes, It is possible to purchase insurance on behalf of the owner. The Homeowners insurance policy must be in compliance with local law. The legal owner must be the beneficiary and must be listed as the loss payee for the insurance contract to be valid.
There is no ownership by a renter in a rental property. Just joint tenancy. If you are a co-owner of a rental property. in equal part, the other co-owner must agree in order to make a legally binding contract. Even if you are a majority owner, doing things against the partner's wishes is just asking for trouble.
Basically its a joint venture. Sigve Brekke and Sanjay Chandra own this company.
A recent joint venture is the one of AT & T and Chernin Group, a producer of media content. Another recent joint venture is Mondelez, owner of Cadbury chocolate, and D.E Master Blenders 1753 of Amsterdam, known for such brands as Gevalia and Senso.
No. A joint owner has the equal right to the use and possession of the property.
No. One owner cannot evict the co-owner of the property.No. One owner cannot evict the co-owner of the property.No. One owner cannot evict the co-owner of the property.No. One owner cannot evict the co-owner of the property.
The owner can evict a person if he/she does not pay it's rent.
One joint owner must convey their interest to the other.One joint owner must convey their interest to the other.One joint owner must convey their interest to the other.One joint owner must convey their interest to the other.
I believe no
He can if the accounts are joint accounts and he is the joint account owner. However, if he was the joint owner for convenience purposes only the other heirs should seek their share of the funds.
When two individuals have a joint account together and one dies the other is the sole owner of the account. The survivor is not considered a 'beneficiary'. They have all the rights that any account holder would have in any account.
Yes. As a joint owner of the account you have as much right to the account as the other joint owner.
Nope, a homeowners policy does not cover the home owner.
No. You will have to cancel you policy and the new owner will have to apply for a new policy. The homeowner's policy is partly based on the home and partly on the person so the new owner will be underwritten as well as the property.
Perhaps. If the tenant does not abide by the governing documents -- living in the community like an owner -- then the association may require that the owner evict a tenant. The governing documents may state what behaviour is expected from tenants. This action may be the last in a long list of attempts made by the association to bring the tenant's behaviour into compliance with the governing documents. An owner who resists removing a disruptive tenant adversely affects the value of all the property involved in the association's real estate asset base. A board that uses this tactic to remove a tenant based on prejudice or other illegal basis could be in violation of local and federal laws.
No, that would be medical insurance. Homeowner's insurance covers things like burglaries and damage to the home. * Homeowner's insurance will pay for injuries to other persons that occur on the owner's property when they find the claim justified.