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What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
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What happens to a written lease agreement when the land owner conveys the land to another person?
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.
What are liens on property owner in an association?
Liens cloud the title to the condominium, meaning that the property owner owes a debt based on that property which must be paid in order to clear the title. Liens are also public record and may appear on owners' credit reports.
Can you file a quit claim and give the property to the other owner?
Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.Yes, if you own the property outright with no liens or other interests.
Is a lease valid if owner turns property over to a property manager?
Yes. As long as that is not prohibited in the lease.
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.
How do I find out if Clayton has a lien on a piece of property?
Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.Visit the local land records office and check the owner of the property for liens.
Can a beneficiary to an estate enter into a new lease agreement?
If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.If the beneficiary inherited the property and the estate has been probated then she is the new owner and can execute a new lease agreement.
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.
Will owner know there is a lien on his real property?
Yes. Liens against real property must be recorded in the land records. Any property owner can visit the land records office to check if liens have been recorded in their name or against their property. An involuntary lien that affects real property must be recorded in the land records. Involuntary liens attach to real property without the consent of the owner. Examples are judgment liens, income and property tax liens, municipal assessments, etc. Notice by mail or service by a sheriff is given to the delinquent or debtor when a creditor has commenced a court action to collect a debt. If a judgment lien was issued the debtor had notice of the hearing. Also, a property owner knows when they have defaulted on a mortgage. An owner knows when they haven't paid their income taxes or real estate taxes. They have received notice long before a lien is recorded. Any property owner in financial trouble can check the land records to see if any notices or liens have been recorded. Voluntary liens against real estate such as mortgages, conservation restrictions, timber rights, etc., must also be recorded in the land records.
If you are in a lease and the owner sells the house can the new owner make you move?
Yes, but only if the lease permits it or when the lease expires. There is a presumption that a purchaser of rental property will know the terms and conditions of every lease for current tenants.
Can a life estate stop liens from being effective on a house that's paid for?
No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.
Can a landlord evict a commercial tenant on a year lease if the building sells to a new owner?
Review your copy of the lease for any language that may void the lease if the property is sold. If there is no provisions to that effect then the new owner should take the property subject to your lease. You may need to speak with an attorney to determine what your rights are.
