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What does Lease and Rent mean in relation to assets other than property?
Wiki User
∙ 12y ago
Lease indicates that there is an asset available I.e. an item is able to be leased and rent is in relation to the person whom wants to rent the assets.
Wiki User
∙ 12y ago
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How is the probate estate maintained?
Property in probate is maintained by other assets in the estate or by the heirs if they want to keep the property when there are no other assets that can be used for maintenance.Property in probate is maintained by other assets in the estate or by the heirs if they want to keep the property when there are no other assets that can be used for maintenance.Property in probate is maintained by other assets in the estate or by the heirs if they want to keep the property when there are no other assets that can be used for maintenance.Property in probate is maintained by other assets in the estate or by the heirs if they want to keep the property when there are no other assets that can be used for maintenance.
Who controlled the property And other assets of Román women?
who controled the property and other assets of roman woman
Can one owner lease out property that is jointly owned?
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.
What is the difference between real property assets and personal property assets in cost segregation?
Property is that which an individual owns. Real property is real estate, land, investment/rental properties, homes, etc. Personal property is jewelry, art, automobiles, valuable collections, cash and financial assets other than real property.
If Dad had no assets Do you need probate?
Not if there are no assets at all. A will is simply a document that transfers a persons property to other persons after death. If there are no assets to be transferred, then there is nothing for the will to do.
Will a deed with right of survivorship eliminate probate?
Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc.Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc.Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc.Yes. If the owner owns no other property at the time of death and has no property or assets that will come into the estate after death such as life insurance, tax refunds, awards from lawsuits, etc.
Is a lease binding if you do not know who owns property?
The owner of property that includes rental units may appoint an agent to manage the property and will give that agent certain legal powers to act on behalf of the fee owner. Sometimes there is a recorded instrument that sets forth the name of the management company. If a management company has been properly appointed a lease executed by it would be binding on the lessee even if not signed by the actual property owner. On the other hand, if the lease was executed by a person other than the owner who does not have the legal authority to execute a lease on behalf of the property owner then the lease may be invalid. You could check in the city assessor's records and in the land records for the owner of the property. You should seek the advice of an attorney in your area who could review the lease for validity.
What are the risks of cosigning a lease?
The risk of cosigning on a lease is that the cosigner is responsible for the rent for the leased property even if the other signers do not pay the rent. The landlord can go after one or all of the cosigners on a lease to get rent paid if the lease is not paid for the full term.
Types of real assets?
In accounting, real assets are defined as things that are tangible and have real value. These can include properties, precious metals, financial assets, stocks, bonds, and other real property.
Who is responsible for underground water ingress within a common area of leasehold flats?
Any utility services, AFTER they leave public property, is the responsibility of the property owner(s) once it crosses into private property. Other than that you would have to refer to your copy of the lease to determine how that matter is addressed in your lease.
What are miscellaneous assets?
Things other than money, bank accounts, business assets and property, for example coin collections, art work or anything else of value.
What if the home is paid off and only 5000 in debt do you have to sell the property for probate?
If there is $5000 in other assets, no. But if the only assets are the home, yes, it will have to be sold to settle the debts.
