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Real property is the land and anything attached to it. A lease is a contract that gives the lessee the right to the use and possession of real property for a certain time period. The lessee cannot convey the land because it doesn't own it in fee. A lease is less than a fee interest and is treated as personal property.
What else can I help you with?
Is a tenant's leasehold interest in the lease personal property or real property?
In Washington a leasehold for a term of years for any amount of time is personal property. Andrews v. Cusin, 65 Wash. 2d 205 (1964)
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.
Can you be on a lease for a property without actually living there?
Yes, you can be on a lease for a property without actually living there. Being on a lease means you are legally responsible for the terms of the lease, regardless of whether you reside at the property.
What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
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.
In Virginia can a landlord have a lien on your personal property?
Yes, no matter if your lease states it or not, the landlord can legally do this if you're behind on rent.
What may be unilaterally terminated by a lessor or lesser?
A lease agreement can often be unilaterally terminated by a lessor (the property owner) in cases of tenant default, such as non-payment of rent or violation of lease terms. Additionally, if the property is sold or if the lessor needs to reclaim the property for personal use, they may have the right to terminate the lease. However, the specific conditions for termination should be detailed in the lease agreement and may vary by jurisdiction.
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.
What is the average cost to lease commercial space in Oklahoma?
The average cost to lease commercial space in Oklahoma varies significantly by location, type, and size of the property. As of 2023, rates generally range from $10 to $20 per square foot annually, with urban areas like Oklahoma City and Tulsa tending to be on the higher end of that spectrum. Factors such as amenities, building condition, and lease terms can also influence pricing. It's advisable for prospective tenants to conduct localized research for the most accurate and up-to-date information.
What is mean by leasehold premises?
A leasehold premises is a property that is held by a lease. The occupants can remain on the property and in possession until the lease has expired.
Is it possible for someone to be on a lease but not actually live at the property?
Yes, it is possible for someone to be on a lease for a property but not actually live there. This person may be a co-signer or guarantor on the lease, or they may have a legal or financial interest in the property without residing there.
Where can I lease commercial property?
Leasing commercial property can be very difficult for many people. The best place to start your search for commercial property that you can lease is the website Craigslist.com.
