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What is your policy on property inspections, and how often do you conduct them during a tenancy?
At Remaxestar Estate Agents Ilford, we prioritize property inspections during tenancy to ensure utmost care and maintenance. Our policy includes regular inspections every 3-6 months, promoting a healthy landlord-tenant relationship. For more details, visit estateagentsilford.co.uk.
What else can I help you with?
Is California a tenancy by the entirety state?
No, it is a community property state. Tenancy By The Entirety is reserved for married couples only. In a CP state all property acquired during the marriage is considered to be equally owned by both spouses, and in most cases all debts incurred during the marriage are considered to be the equal responsibility of both spouses.
Can a tenancy in common apply when the property is owned jointly?
The term "joint tenancy" should be reserved for a joint tenancy with the right of survivorship. Although many sources refer to tenants in common as a form of joint ownership that is a misuse of the term and is misleading. Joint tenancy and tenancy in common are properly referred to as different forms of co-ownership or concurrent ownership.If two people acquired the property as joint tenants with the right of survivorship and one dies their interest automatically passes to the surviving joint tenant and the property bypasses probate. A properly drafted joint tenancy cannot be changed as to the survivorship rights of the co-owner when one owner dies. A joint owner cannot leave their interest in the property by their will to any other person.A co-owner who owns property as a joint tenant can break that tenancy and convert it to a tenancy-in-common during life by different methods in different states. In some states a statement can be recorded in the land records declaring the co-owner wants to dissolve the joint tenancy. In other states the co-owner must convey their interest to a straw and the straw conveys it back free of the joint tenancy. A joint tenant can convey their interest to another person during life and the result will be a tenancy in common.When two people own property as tenants-in-common, when one dies their half interest will pass to their heirs by their will or by the state laws of intestacy if there is no will.
Can you use tenancy by the entirety to protect property during bankruptcy when using federal exemptions or can it only be applied when state exemptions are used?
Any interest in property, no matter how you hold title, has to be disclosed for possible payment to creditors.
IN NJ CAN WIFE STILL HAVE A TENANCY IN THE ENTIRETY IF DEED NOT IN HER NAME AND WILL DOES NOT NAME HER?
In New Jersey, a tenancy by the entirety is a form of joint ownership available only to married couples. If the property deed is not in the wife's name, she cannot claim a tenancy by the entirety unless the property was acquired during the marriage and the deed specifies this form of ownership. Additionally, if the will does not name her as a beneficiary, she may not have any claims to the property upon her spouse's death, unless she can assert rights under state law regarding spousal rights or omitted spouse claims. Therefore, her rights will depend on the specifics of the property ownership and applicable laws.
Is Arizona a Tenancy by the Entirety state?
No, it is a community property state. In a CP state all property acquired during the marriage is considered to be equally owned by both spouses, and in most cases all debts incurred during the marriage are considered to be the equal responsibility of both spouses.
What a joint tenancy warranty deed?
Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.Both deeds transfer the ownership of real estate to a new owner. However, they relate to different aspects of ownership.A warranty deed guarantees that the grantor will defend her title to the property if any title defects arise during the period of ownership of the grantee.A joint tenancy deed provides how the grantees will hold title. By virtue of a joint tenancy, the interest of a joint tenant who dies passes automatically to the surviving joint tenant with no need of probate.
Are spas inspected during home inspections?
They could be if requested. Spas are not required in home inspections but some inspectors have spa and pool inspections listed as additional services for an additional price.
What is the normal protocol in regards to the names on the title when a homeowner refinances?
Refinancing is simply obtaining a new loan, and should not change the names on the title. If someone is trying to take your name off the title during refinancing, they are trying to cheat you out of your share in the home. Refinancing has no effect on the title of a real property. The changing of title to real property is controlled by the laws of the state in which the property is located. It is extremely important to discuss the way property is to be held before the title is issued to avoid future legal complications. Tenancy-in-Common, Joint Tenancy, Joint Tenancy With Rights of Survivorship or Tenancy-By-The-Entirety (for married couples only). Refinancing can be used to change the names on both the mortgage and the title. That said, there are scams out there where the person who originally owned the house is told they can't be on the mortgage loan and so can't be on the title. THAT IS NOT SO. Look for another lender and question the morality of the person who wants to do this "for" you. In the case of a divorce or other split, one person can sign a quitclaim and a warranty deed and then the names on the title can be changed. == ==
What if the landlord raises the rent after you apply for tenancy?
Your rent cannot be raised during the term of your lease. If you're applying for tenancy and the rent is raised, then the unit is being offered at that rate. You can accept it as such, perhaps negotiate with the landlord to lower the rent to which you will sign the lease, or refuse to sign and cancel your tenancy offer.
Is your property management co allowed to make semi annual inspections of your rental property?
Yes, if it says so on the lease. Normally these inspections are in the form of "preventive maintenance," meaning they're inspecting the plumbing, air conditioning, smoke alarm(s), and the general area for pests. They have the right to maintain the property as they see fit, as long as it's not for the purposes of invading your privacy or harassing you. If, during the normal course of their inspection, they see something wrong such as poor housekeeping to the proliferation of pests, they have the right to have you correct the problem or they can evict you.
What type of property ownership allows you to own your share independently and retain the right to transfer that share by sale?
Owning property as a tenant in common or as a joint tenant allows the owner to sell their proportionate interest. However, in a joint tenancy with the right of survivorship, the share of a deceased owner passes automatically to the surviving owner bypassing probate. During life that share could be sold. In the case of a tenant in common, their share passes to their estate when they die.Owning property as a tenant in common or as a joint tenant allows the owner to sell their proportionate interest. However, in a joint tenancy with the right of survivorship, the share of a deceased owner passes automatically to the surviving owner bypassing probate. During life that share could be sold. In the case of a tenant in common, their share passes to their estate when they die.Owning property as a tenant in common or as a joint tenant allows the owner to sell their proportionate interest. However, in a joint tenancy with the right of survivorship, the share of a deceased owner passes automatically to the surviving owner bypassing probate. During life that share could be sold. In the case of a tenant in common, their share passes to their estate when they die.Owning property as a tenant in common or as a joint tenant allows the owner to sell their proportionate interest. However, in a joint tenancy with the right of survivorship, the share of a deceased owner passes automatically to the surviving owner bypassing probate. During life that share could be sold. In the case of a tenant in common, their share passes to their estate when they die.
Wyoming property ownership for husband and wife?
In Wyoming, property ownership for a husband and wife can be held in several ways, including as joint tenants with right of survivorship, community property, or tenants in common. Joint tenancy allows for automatic transfer of ownership to the surviving spouse upon death. Community property recognizes that any property acquired during the marriage belongs equally to both spouses. It is advisable for couples to consult with a legal expert to determine the best ownership structure for their situation.
