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It depends, did you sign a contract saying that if the landlord did not receive payment in _ amount of time, the landlord may hold personal property until payment is received
If you did not (which no logical person would do, unless they did not like and or enjoy their personal property) then it is against the law that they take it, unless you HAND it over to them or allow them to take it, if they took (also known as stole) any personal property without your permission, you can take your landlord to court, and justice will most likely will be paid, but to be positively far, the landlord can give a certain amount of time for you to pack your things if you did not pay, so things do even out, but this is not a legal case unless you either handed or gave permission for your landlord to take/touch your personal property... But, you must pay your rent...
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Can filing for bankruptcy stop an eviction?
If the eviction is for nonpayment of rent, yes, since it is a debt collection procedure. The landlord or property manager would have to move for relief from stay to proceed. However, this varies from state to state and even from one bankruptcy court to another, so check with a local bankruptcy lawyer. Even if the eviction is not for past-due rent, the claim will include costs and lawyer's fees, so the landlord should move for relief from stay or wait, if it is a c. 7, until the case is closed. Make sure the landlord is included as a creditor to discharge any money owed to the landlord.
What is a creditor to a company?
A creditor - is anyone who has supplied goods or services to a company (but has not yet been paid). For example... A retailer orders 100 bottles of wine... Once the wholesaler despatches the wine - they become a creditor - until the retailer pays for the consignment. The wine remains the property of the wholesaler until the retailer's payment clears the banking system.
Who is responsible for a property still in the foreclosure process once you vacate the premises?
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
What is rompala clause?
ownership of goods does not change hands until full payment has been received
Does a quitclaim deed exempt you from the mortgage responsibilty?
Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following:The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.
What are your rights if the building where you are renting the apartment is foreclosed?
If your property is foreclosed, either you have the same landlord until the property actually changes hands, or you have a new landlord who can exercise his own rules, including evictions. If your landlord still has control over the property he can still collect rent, and he can still evict you if you don't pay it. When the new landlord takes over you must follow that landlord's instructions for rent payment or vacating the premises.
What is the meaning of property loan?
A property loan in which property is used as security purpose, Where the borrowers enters into an contract with the loan company where in borrower receives cash upfront of then makes payment in a time period until he pays back the lender in full
Is it legal for a landlord to withhold a key from his tenants until everyone has paid the first months payment?
Generally speaking, a tenant does not become such until he has been handed the keys to his dwelling. If the landlord has not received his first month's payment, this is the same as in not receiving the rent, which is payable in advance. Therefore the landlord does have the right to withhold the key.
If your landlord owns the rental property that you live in and and wants to sell it what are your rights?
If the landlord wants to sell the rental property, the tenant has different rights depending on what state the property is in. Usually, a landlord has to give 60 days notice for an intent to sell. Then, it is up to the landlord whether or not the property can be occupied by the tenant until the sale date. If there is a lease, the landlord usually cannot sell the property until the lease is up, but all states have different rules regarding occupancy.
What is the law on personal property landlord refuse to give back?
The landlord refuses to return personal property until the balance of his rent has been paid. 3 months have passed.
Is a loan the same thing as rent?
Of course not. A loan is not a payment, but rather an entrusting of another person with your property (or money), expecting it to be returned. Rent is simply a payment in exchange for possession of something for some defined period, and it will not be returned. Similarly, a security deposit for renting property is not a loan and is not rent: it remains the property of the tenant, but is held by the landlord until the tenancy is discharged.
What is the definition of the word distraint?
distress: the seizure and holding of property as security for payment of a debt or satisfaction of a claim; "Originally distress was a landlord's ...wordnetweb.princeton.edu/perl/webwnDistraint or distress is "the seizure of someone's property in order to obtain payment of rent or other money owed", especially in common law countries. ...en.wikipedia.org/wiki/DistraintThe legal right of a landlord to seize the property of a tenant in the event of nonpayment of renten.wiktionary.org/wiki/distraintDistraint refers to a contractual term appearing in older form leases, which enabled the landlord to seize a tenant's property where the ...www.business-services.upenn.edu/offcampusservices/The summary seizure of a chattel to enforce a due payment, satisfaction or performance.www.british-history.ac.uk/report.aspximpounding of goods/chattels until a payment is madenottingham.ac.uk/mss/learning/skills/manorial/glossary.phtmlA landlord's action for recovering arrears in rent by taking possession of and selling the tenant's personal property.www.gibbons-realty.com/dictionary/D.htmlSeizure of personal property to compel a person to fulfil a legal obligation. Formerly landlords had the power to distrain against the property of ...www.soc.ie/index.php
Is Michigan a non title holding state and who keeps the title the owner or the lien holder?
Michigan is a title theory state where the property title remains in trust until payment in full occurs for the underlying loan.Michigan is a title theory state where the property title remains in trust until payment in full occurs for the underlying loan.Michigan is a title theory state where the property title remains in trust until payment in full occurs for the underlying loan.Michigan is a title theory state where the property title remains in trust until payment in full occurs for the underlying loan.
Can your car be repossed before your car payment is due?
No, until you have missed a scheduled payment (at the very least), the lender has no right to the property.
Landlord Insurance Can Protect You and Your Income?
If you rely on revenue from rental properties as your sole income or even as a supplement to other income, you need to have landlord's insurance to protect yourself as well as your assets. If someone is injured on property you own, you could be liable for thousands of dollars if you do not have landlord's insurance. Insurance can also protect you if your property is damaged and you cannot rent it until repairs are made. With landlord's insurance, you can restore your property and begin to generate revenue much more quickly after a disaster.
What is expected if a landlord sells home and asks tenants to leave 3 months before lease ends?
In most states the landlord has to honor the terms of the lease until that lease ends, even if he plans to sell property.
How long can you live in an auctioned off home with a child?
Until the landlord who has legal control of the property asks you to leave. It doesn't matter whether you have a child.
