Real property is the land and anything attached to it. A lease is a contract that gives the lessee the right to the use and possession of real property for a certain time period. The lessee cannot convey the land because it doesn't own it in fee. A lease is less than a fee interest and is treated as personal property.
In Washington a leasehold for a term of years for any amount of time is personal property. Andrews v. Cusin, 65 Wash. 2d 205 (1964)
If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.
Yes, no matter if your lease states it or not, the landlord can legally do this if you're behind on rent.
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
Yes. As long as that is not prohibited in the lease.
No. All the owners would need to consent to the lease by signing it. If all the owners of the property, or their duly appointed agent, didn't sign the lease it would not be a valid lease. All the undivided interest owners have the right to the use and possession of the whole property but one owner cannot encumber the whole property.A lease signed by only one of the owners of the property is not binding on the other owners. The tenant would not have their permission to lease their property.
A leasehold premises is a property that is held by a lease. The occupants can remain on the property and in possession until the lease has expired.
The ownership of a lease typically lies with the person or entity that holds the lease agreement, also known as the lessee. The lessee is granted the right to possess and use the property for a specific period of time as defined in the lease agreement. The owner of the property, known as the lessor, retains legal ownership but grants certain rights to the lessee for the duration of the lease.
The only information that is required is the amount of the lease, the term of the lease and the interest rate.Other personal information is only required when the lease is written up to be signed.
I think no
Yes
I am a joint executor of a property that has been left to me and my sister in our mothers will. Are we qualified to rent out this property on lease, without the need to transfer ownership.