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Can a verbal agreement for sub lease of a room be binding in California for the entire lease?
No, all lease agreements to be binding must be in writing.
Can a tenant sign a lease takeover with the new tenant if they have a guarantor on the original lease and the guarantor hasn't signed the lease takeover?
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
When a property changes owners does a new rental contract to be drawn up?
No, The lease that is in place when the property ownership changes hands stays for its time period. all conditions and terms do not change
Is a lease binding without certificate of occupancy?
yes
When ownership changes on a home while occupied by a tenant with a lease and the tenant was given a 30-day notice but won't move what recourse does the new owner have?
If they signed a lease, they have a binding legal document saying that as long as rent is paid they get to live there until the agreement expires... Unless somewhere in the lease agreement that the resident signed there is a clause about terminating residency without cause. When 'you' bought the property, you also bought all loans, expenses, and lease agreements. In short, the new owner may own the property, but the tenant possesses the property until the lease is terminated by mutual agreement or according to its terms.
Who owns the lease of a property?
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.
Is a lease valid if you wrote on it if your landlord says you nullified it by writing on it?
The original lease (the master copy in the office) is binding. Any changes must be agreed to in writing by both parties before they are accepted as a legal modification to the lease. Doubtful that the lease is void just because the renter wrote something on it ... don't think that would hold up in a court of law.
Can a minor disaffirm the lease of a apartment even if the apartment is not necseeary?
A minor cannot sign a binding contract for lease of a premises.
How are operating leases different from capital leases?
Operating lease does not give the ownership of the asset to lessee while finance lease gives the ownership of the asset as well at the end of leasing period.
Is signing an apartment lease binding the very moment it's signed?
Yes.
How does a landlord go about terminate a land lease if the lease has not expired?
If you are involved in a legally drawn and binding land lease contract, you cannot terminate it except by mutual consent of both you and the person to whom you granted the lease.
How many more years are left on the agreement between the Buffalo Bills and the Erie county for the bills to stay in buffalo?
The lease expires on July 31, 2012. After that the Bills would presumably be free to move to Toronto barring ownership changes and/or negotiation of a new lease deal.
