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A leasehold mortgage is an encumbrance on a tenant's interest in a lease conveyed to a lender as collateral for a loan to the tenant.
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∙ 9y ago
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Are locks a leasehold improvement?
Generally speaking, no. Usual maintenance and repairs to leased property like painting? Plumbing repair, lock changing, etc. would not be considered leasehold improvements.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Where can I compare mortgage rates?
To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.
Where can you find Mortgage refinancing in Jacksonville?
There are several companies that offer Mortgage refinancing in Jacksonville. Some of these are: Jacksonville Mortgage, American Equity Mortgage, and Florida Mortgage.
Can mortgagee enforce mortgage when the borrower mortgaged a 20-year leasehold right to obtain the loan when the loan remains unpaid and the lease has expired?
Yes. Usually a mortgagee is required to foreclose not only the owner's rights, but also anyone else with a "junior lien". A leasehold mortgage is typically subordinate, but there are times it can "prime" a first mortgage, so without more facts that's the best we can do.AnswerGenerally, if the borrower has only a leasehold interest and the security interest is the leasehold interest the fee owner must consent to the mortgage. If the fee owner did not consent the lender would need to pursue the borrower for payment. The security interest has disappeared but the debt has not. The borrower signed the note and mortgage promising to pay. The borrower should consult with an attorney who can review the situation and determine the options, rights and obligations.
Are dumpsters used in construction for leasehold improvement considered leasehold improvements?
no
Is carpeting considered to be a leasehold improvement or furniture and fixture?
it is considered a leasehold improvement.
Journal entry for amortization of leasehold improvement?
Debit depreciation expensesCredit leasehold improvement
Can you get a mortgage for a property you do not own?
No. Generally, you must own the real estate in order to obtain a mortgage. You must be able to convey the title to the bank for the life of the mortgage. In certain situations a bank may loan money on a leashold interest, however, the leasehold interest must be of sufficient value for the bank to take the risk of loaning money to the leaseholder.
Is hoarding a leasehold improvement?
NO !
Is air conditioning leasehold improvements?
It is considered a leasehold improvement if it is affixed to the property and when you're installing a new unit.
Can labor be charged to leasehold improvements?
Yes this can be charged to leasehold improvements. This is used when you are writing off on your taxes or in accounting.
What is leasehold in balance sheet?
Leasehold means all premises acquired on lease agreement to be used in business for revenue generation.
Is a new floor a leasehold improvement?
Yes, it can be classified as a leasehold improvement as long as it was indeed done on rented premises, etc.
If a mobil home park owns its leasehold can the land owner do a conversion without them?
newtest3 How do I receive an answer to my question of If a mobil home park owns its leasehold can the Land owner do a conversion without the mobil home park that has the leasehold???
Is painting leasehold improvement?
yes
