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What else can I help you with?
What is general liability and lessor's risk?
Lessor's Risk Only (LRO) provides liability and property coverage for building owners who lease out their entire building or occupy less than 75% of the building and lease out the remainder. Also called landlord's insurance.
Does a renter have insurable interest?
Yes, a renter does have an insurable interest in the property they occupy, specifically regarding their personal belongings and liability. While the landlord typically holds the property insurance for the building itself, renters can secure renters insurance to cover their possessions and provide liability protection. This type of insurance is crucial for safeguarding against losses due to theft, fire, or other damages.
What does tenants mean?
A tenant is someone living on a property. They are usually a party to a lease or rental agreement.
What are the rights of possession tenants when it comes to their property?
Possession tenants have the right to occupy and use the property they are renting, as long as they abide by the terms of their lease agreement. They also have the right to privacy and to have their landlord provide necessary repairs and maintenance. Additionally, possession tenants have the right to not be unlawfully evicted and to seek legal recourse if their rights are violated.
What is tenanted areas?
Tenanted areas are spaces that are rented or leased out to tenants for residential or commercial use. The tenants pay rent to the landlord or property owner in exchange for the right to occupy and use the space. Maintenance and upkeep of the property are typically the responsibility of the landlord.
What are the benefits of Assessment Insurance for a condo owner?
If you cannot occupy your unit based on a disaster, you are still required to pay your assessments. Carrying insurance to cover this event is a choice.
Damage to premises rented to you?
Damage to Premises Rented to You - formerly known as Fire Legal Liability Coverage - covers your liability to others if you occupy leased or rented property for which you could be held legally liable for damage to the property due to fire or explosion.
What does the term "tenants-in-common" mean in real estate ownership?
"Tenants-in-common" in real estate ownership refers to a situation where two or more individuals own a property together, each holding a separate and distinct share of the property. Each owner has the right to use and occupy the property, and can sell or transfer their share independently.
What is tendents?
It seems like there may be a typo in your question. If you meant "tenants," they are individuals or businesses who rent or lease property from a landlord in exchange for regular payments called rent. Tenants have the right to occupy and use the property according to the terms of the lease agreement.
Which states did the navajo occupy before the long walk?
Arizona,New Mexico,and Colorado
What does AFL mean in property?
In property, AFL stands for "Available for Lease." It indicates that a commercial space or property is currently vacant and ready for tenants to occupy. This term is often used in real estate listings to attract potential renters or lessees.
You inherited rental property Do you need to write a new lease for tenants?
Generally, the current lease under which the tenant resides goes with the property. If the owner dies that lease continues until its expiration date. The heirs could offer to buy out the tenant and provide moving costs. There may be an exception if the heirs desire to occupy the property. Landlord and tenants rights in this case should be discussed with an attorney.
