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When someone hires a company for an estate auction, is the company responsible for security of the property?
Wiki User
∙ 14y ago
Yes, it is customary for the auction company to be responsible for the security of the property. Additionally, many auction houses have insurance for this specific purpose.
In most cases the auction company will secure the property to avoid any problems. Read your contract carefully this is not always the case.
Wiki User
∙ 14y ago
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What is a difference between a security company and a property management company?
A security company holds financial securities AKA intangible assets. A property management company manages property AKA real assets.Another AnswerInsofar as real estate property is concerned, you could also say that a security company is chartered with protecting the physical property and its occupants, while a property management company is chartered with handling the business aspects of the property.
Who is responsible for network security at a company?
The person responsible for the overall security of a company may have different titles, such as CIO (Chief Information Officer) or CSO (Chief Security Officer).
Working security for condo property rent is paid by resident and management company re emburses security?
The contract will specifically state who is responsible to pay for security. Reimbursments among residents is not a matter the vendor should face.
Who is responsible for premises liability the homeowner or property management company?
property owner
Can you bid on your own property at absolute auction?
Yes you can. BUT the bank/mortgage company will enter a bid equalling what is owed against the property.
Can a repossession company remove your City of Chicago City Sticker before your redemption period expires?
We, at our company do not remove these. Anything attached to the vehicle there is no reason to un attach because you cannot guarantee you will not damage it or the vehicle. If they removed it they are responsible for it, and they should have it stored with the rest of your personal property. If the vehicle was moved to an auction they may be responsible for its removal, as they prep all vehicles for auction which includes removing any trace of a previous owner.
What is the nature of business for a property management company?
A property management company does rent or sell properties whether it is tangible or intangible property and property manager is responsible for track and monitor the properties.
What do real estate property managers do?
Real estate property manager is responsible for all issues related to Company's Real Estate Management. He is responsible for increasing sales and solving issues between company and its clients. They are also expected on a wide variety of services that constitutes to all the tenants, landlords, or owners of the property to the property management company.
Where can I get home security signs?
Home security signs are available online at auction sites, or through manufacturers. Contact the company you are working for to provide additional information and signs.
Who is responsible if an insurance company insures the same property twice in the same claim period?
Who is responsible if an insurance company insures the same property twice in the same claim period varies depending on the structure of the contract. If a person signs two separate contracts, there could be two policies issued for that same property. If there was only a single contract signed, it might be the insurance company who is responsible.
In a foreclosure if a property does not sell at the auction and the auction date has passed who is the official owner of the property and does the foreclosee still have some tie to that property?
The mortgage company will buy the property if no one else does, but if the auction is cancelled so even a representative of the mortgage holder does not show up for the auction, you may still be the owner. Check the registry of deeds for your area for a foreclosure deed, usually filed within 30 days of the auction. If you remain on the property, you may be asked to pay the same amount "in lieu of rent" that you were paying on the mortgage and stay on the property until another buyer is found. You may be offered money to help find a new place.
Whose property is the pocket card given to the security officer?
The employing company.
