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A landlord only collects rent from a tenant, not mortgage payments. If the landlord then holds a mortgage for the tenant, then they are no longer a landlord, rather, a mortgage holder, like a financial institution. There are many cases where the tenant has an option to buy the home, and many terms are discussed and agreed thereto. Landlords can turn into mortgage holders. Landlords can evict, but mortgage holders can foreclose-- two different types of court proceedings.
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What is the meaning of a buy let mortgage?
A buy to let mortgage is one in which the sole purpose of the purchase of the property is to immediately let/rent it out. On the one hand the transaction provides the landlord/mortgage holder with income while retaining an equity increases in the property. The down side is where the landlord cannot find a paying tenant and could default as a result.
What is leasehold mortgage?
A leasehold mortgage is an encumbrance on a tenant's interest in a lease conveyed to a lender as collateral for a loan to the tenant.
Where can i find Free templates of prove of residence of a tenant?
Proof of residence for a tenant would be a copy of the lease, or landlord tenant agreement. Any type of written agreement will suffice as a proof of residence.
Does a landlord check credit history on a tenant?
If you believe they put a pede on the moon, pede on the moon! ;)
Where do you rent if you have a low fico score?
From a landlord that only has a few properties and does not have the resources to pull a credit report on his potential tenant's
What if your landlord stopped paying his mortgage for a building you live in?
That has nothing to do with the tenant.
What is suborination and non disturbance agreement?
The correct term is "subordination". This is an agreement signed by a tenant and landlord of commercial property which is a recognition on the part of the tenant that the lease is subordinate to any mortgage which the landlord has or may in the future place on the property. Lenders sometimes want this so that the tenant recognizes that the lease does not have priority over a mortgage granted by the lender. The non disturbance agreement generally signed by the lender and/or landlord which indicates that so long as the tenant is not in default of the lease, the possession of the tenant will not be "disturbed" or in other words, the tenant will be allowed to remain in the premises even if the landlord should be in default of the mortgage.
Do you have to pay rent when the landlord didn't tell the mortgage company he was renting?
Yes. The relationship between the landlord and bank has nothing to do with the tenant.
What is a landlord Estoppel Certificate?
It can mean where an estoppel certificate is required of a landlord (they can are also sometimes required of the tenant), where the landlord is required to make certain representations regarding the state of the lease (neither tenant nor landlord are in default), the state of the underlying property (e.g. no encumbrances, or no default on mortgage, or no condemnation proceedings) or other representations at the request of a lender (to the landlord or the tenant) or a buyer of the property.
Can a landlord hold a tenant responsible for a lease agreement if the tenant was not mentally competent and no attorney was present at the signing of the lease agreement?
Did a court adjudicate the tenant as incompetent? Then, if and when the landlord sues, that would provide the basis for a defense. You can't stop the landlord from trying to recover damages.
What is the possessive form of the landlord and the tenant?
The possessive forms are landlord's and tenant's; for example:The tenant's apartment is the best one in the landlord's building.
How do you hold a landlord tenant meeting?
Just like you would any other meeting: contact the landlord and tell them you want to talk with them about an issue.
What has the author James C Hauser written?
James C. Hauser has written: 'Florida residential landlord--tenant manual' -- subject(s): Landlord and tenant 'Texas residential landlord-tenant law' -- subject(s): Landlord and tenant
Is a residential tenant required to provide a key to landlord?
If the landlord provided a key to the tenant, then the tenant must provide a key to the landlord. In fact, under most state laws the tenant may not change a lock without the landlord's permission and a duplicate key provided to the landlord.
Is Landlord or tenant responsible for scorpions?
Landlord.
Can a tenant sue a sub tenant?
Yes. The tenant should be considered the landlord of the sub-tenant. Therefore, he can evict, just like any landlord.
Can a landlord evict someone living on their property when they haven't signed a lease?
I am presuming we have three components here: a landlord, a tenant, and a subtenant. The landlord in this case is presumably renting to a tenant, while the tenant is presumably renting to a subtenant. I presume that tenant has a lease while the subtenant doesn't. The tenant becomes the landlord for the subtenant. Since there is no lease (in most states subletting does not involve a lease) in this case, the tenant who is the subtenant landlord can evict the subtenant. While the main landlord can evict the tenant -which automatically evicts the subtenant -only the tenant can evict the subtenant. But the main landlord can evict all by evicting the tenant.
