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Should the tenant pay the bank or landlord on foreclosed property?
The Landlord
Is a landlord exempt from giving 30-days notice stated in the lease agreement to a tenant if the property is about to be sold at foreclosure?
No. If the property is about to be foreclosed, the landlord has no obligation to give the tenant any notice of anything. After the foreclosure, the landlord will have nothing to do with the tenant.
What is opposition between a tenant and landlord?
A landlord is generally a person owns property for rent. A tenant is someone who rents property from a landlord.
Is the lessor the landlord or the tenant?
Tenant and lessee are the same thing, they are a person who rents property from a lessor who own property that he wants to lease.
What is Landlord opposite?
The opposite of "landlord" is "tenant." A landlord is an individual or entity that owns property and rents it out to others, while a tenant is someone who occupies and pays rent for that property. In this relationship, the landlord provides housing or space, and the tenant utilizes it, creating a dynamic of ownership and occupancy.
When a landlord lose there property do the tenant has to move out?
Not automatically. Oftentimes the new landlord can keep a tenant or opt to ask him to move out.
Can a tenant make improvements to leased property?
Yes, a tenant can make improvements to leased property with the landlord's permission.
Who is responsible for installing air conditioning the landlord or the tenant?
The landlord, because he/she owns the property.
What happens if your landlord's house is foreclosed?
As long as your landlord has control of the property he still has the right to collect rent: whether the house is foreclosed is between your Landlord and his mortgage lender. If the property is taken over by the mortgage lender they may ask you to leave. There may be some form of protection available for you, the Tenant, before you are forced to leave. Get legal assistance as soon as you learn about the foreclosure so that you can be prepared for what's next. You may or may not be required to leave soon.
How long must a landlord hold property stored by commercial tenant in NY after an eviction?
In New York, after a commercial tenant has been evicted, a landlord must hold the tenant's property for a minimum of 30 days. During this period, the landlord is required to provide reasonable notice to the tenant about the storage of their property. If the tenant does not retrieve their belongings within that time frame, the landlord may dispose of the property. It's important for landlords to follow proper procedures to avoid potential legal issues.
What is a Nondisturbance Clause in a commercial lease?
The nondisturbance clause, when properly worded, ensures that the rental agreement between the tenant and the landlord will continue under any circumstances, including mortgage default or the sale of the property. This is done primarily to protect the renter from eviction by the mortgagor if the property is foreclosed upon. A nondisturbance clause ensures that a tenant will not be evicted in the event that the landlord goes bankrupt or sells to a new owner.
Can a landlord evict a non tenant from rental property after a year of living at the property?
Yes, the landlord can evict a non-tenant from the property just as they could the tenant. You must follow the same eviction procedures as you would with a tenant.On a side note, a court may agree that the non-tenant was in fact a tenant-after the fact because of the duration in which they lived on the property. Such situations are similar to families with children. You have the adults on the lease, but the children are residing there without being on the lease.
