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It would depend on the type of life estate. In most cases, they would be able to sign a lease for the length of their life.
However, in most states the remaindermen would also need to sign. It is common practice for oil companies to ask the remaindermen to ratify a lease signed by a life tenant. You should consult with an attorney who specializes in that area of law.
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∙ 10y ago
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Can director of the real estate agency sign the lease agreement with no witness?
Generally in the United States, if the signing of a document requires a witness, it should state that it needs to be notarized. To have a document notorized is to have a Notary Public confirm by his/her seal that he/she witnessed the signing of the document and confirmed the signer's identification. (So never sign a document before taking it to be notarized, because the Notary Public has to witness the signing.) (Sorry, I don't know how or if it is done differently outside the US.)
Is there a time limit to sign a real estate contract by seller?
The time limit a seller has to sign a real estate contract will be part of the contract the buyer writes with his agent. Typically a buyer will get a recommendation from his Realtor what is customary in the local market. This can vary from giving the seller just a few hours, up to several days or more.
Your brother's company failed to have him sign the life insurance beneficiary form therefore the life insurance money went to your parents is there recourse against the negligence of the company?
No, The insurer provides a means by which we can assign beneficiaries, If those beneficiaries turned out to be your parents then so be it. Without evidence to the contrary, Namely an assignment of proceeds AKA naming you as a beneficiary, the law has no option but to presume that was the intent of the insured. Their is no negligence here on the part of the Company and therefore no liability. The insurance company is only following the law as well as the documented intent of the insured.If you think there was an oversight on the part of your sibling in the assignment of beneficiaries, then you would need to bring your action against the beneficiary and/or the estate of the deceased. Basically you'd have to sue your parents and your brothers estate. The Insurance company would not be a party to your recourse action.
What do people usually place a for sale by owner sign on?
"For sale by owner" signs are generally placed when the owner of the house has decided not to use the assistance of a real estate firm. It may attract certain customers who wish to negotiate.
On a real estate conteroffer does the seller sign the conter offer or wait till it's accepted?
The seller can sign the counter offer as soon as he/she is prepared to accept it. However, this has to be done within the irrevocable period stipulated in the sign back. The effect is that the counter offer says "We won't pay you X, but we are willing to pay you Y." In saying this, it's up to the seller to accept the "Y" and if this is the case then the contract comes into effect at this revised price.
Does the grantee of the life estate deed have to sign the deed?
The life tenant does not have to sign the deed that creates the life estate unless there are specific conditions mentioned in that deed that will obligate the life tenant.In order for the property to be conveyed free of the life estate the life tenant must sign that deed as their consent.The life tenant does not have to sign the deed that creates the life estate unless there are specific conditions mentioned in that deed that will obligate the life tenant.In order for the property to be conveyed free of the life estate the life tenant must sign that deed as their consent.The life tenant does not have to sign the deed that creates the life estate unless there are specific conditions mentioned in that deed that will obligate the life tenant.In order for the property to be conveyed free of the life estate the life tenant must sign that deed as their consent.The life tenant does not have to sign the deed that creates the life estate unless there are specific conditions mentioned in that deed that will obligate the life tenant.In order for the property to be conveyed free of the life estate the life tenant must sign that deed as their consent.
Can director of real estate agency sign lease agreement with no witness?
Lease agreements are highly important records for a property, both for the landlord and the tenant. Hence, witnesses are definitely required by the director to sign lease agreements.
Can a life estate be undone?
The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.The only way for a life estate to be "undone" is for the life tenant to sign a deed releasing their rights in the property to the fee owners. The deed must be recorded in the land records. Otherwise, the life estate will not be extinguished until the death of the life tenant.
Are they considered a tenant if there name is on the lease but they didnt sign it?
No, but they are a tenant if they paid rent.
What are life tenant responsibilities once he gives up tenancy and continues to live in property?
Once a life tenant releases their life estate they have no rights in the property and no responsibilities regarding the property. It is up to the fee owner to determine the terms for the continued use of the property. The owner may serve notice for the former life tenant to vacate the premises or the owner can require the tenant to sign a lease and pay rent. It is up to the owner.
In Florida can a contract to lease be presented prior to tenant signing it?
Of course!! In general it will always be the potential tenant who will sign the lease first.
Does the life tenant loose interest if the remainder man defaults on the mortgage on the property?
As long as there is notice of the life estate in the public land records the bank would need the life tenant's signature on the mortgage and note in order to wipe out the life estate. If the life tenant didn't sign the original mortgage and note then the bank has a problem. If it forecloses, it would acquire possession of the property SUBJECT TO the life estate.
Can roommate not on lease stay if tenant dies in apartment?
No they can't, only people on the lease can reside. The roommate would have to sign a new lease.
One month into lease one co-tenant moves out does this void the original lease?
Of course not. A lease is a legal contract that is enforceable in court. Moving out doesn't terminate the lease. When you sign a lease you are responsible for the full duration of the lease. You may need to sue your co-tenant. You should consult with an attorney or with a landlord-tenant agency in your town.
How do you take over a commercial lease?
You need to come into agreement with the current tenant as well as the landlord. If the landlord approves, you will sign an agreement to take over the lease from the current tenant.
Can you landlord have you sign a lease and then say you did not get the apartment?
No. A lease is a legally binding contract, which obligates both the landlord and tenant to a tenancy for the term of the lease. If you and the landlord both signed a lease, and the landlord refuses to give you occupancy of the property, you need to see a landlord-tenant attorney or tenant's rights group immediately!
One tenant signed the other didn't?
Only the person who signed is a party to the contract. The tenant who didn't sign is not bound by the lease.
