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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.
What else can I help you with?
When a person co-owns property with others can they rent the property with the others' consent?
One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.
Who owns the legal interest called the leasehold estate?
The tenant owns the legal interest in the leasehold estate. The fee owner is the one who actually owns the property but the property is subject to the lease.
Who owns the lease of a property?
The ownership of a lease typically lies with the person or entity that holds the lease agreement, also known as the lessee. The lessee is granted the right to possess and use the property for a specific period of time as defined in the lease agreement. The owner of the property, known as the lessor, retains legal ownership but grants certain rights to the lessee for the duration of the lease.
Can landlord sell house that is being rented?
No. A lease is a legally binding contract that runs with a property, regardless of who owns the property. Unless there was a provision in the lease that specifically gave the landlord the right to break the lease upon sale of the property, you can compel the landlord and the new owner of the property to honor your lease. If you find that either the previous or new owner of the property is refusing to honor your lease, contact a landlord-tenant law attorney. A listing is available in your local phone book.
What is the legal position when a lease for premises is unsigned?
When a lease for a premises is unsigned, the person leasing the property is not under any legal obligation. This means that the person who owns the premises will have to have the person evicted if he or she refuses to move or sign a lease.
Who owns kings skate country building in Sacramento?
Fite Development Owns the land the structure is on, and therefore once the lease is up on the building, it then becomes property of FITE DEVELOPMENT INC.
Ask us anythiWhen you rent an apartment you make a monthly payment to whomng?
When you rent an apartment, you make a monthly payment to the landlord or property management company that owns the property. This payment typically covers your use of the apartment and may include utilities or maintenance fees, depending on the lease agreement. It's essential to understand the terms of your lease to know what is included in your rent.
What are the legal right of the tenant who owns the trailer and renting the lot space to have an inside animal?
Since you are still living on leased property, you must follow the contents of the lease.
If the home you live in is sold and you have signed a one year rental lease can the new owner evict you or do they have to honor the duration of your lease?
Due to the fact that the original landlord no longer owns the property which you are renting it makes the contract null and void and gives the current owner of said property the right to evict you at any time.
What is the term for ground rent lease?
Ground rent lease means you own the house but someone else owns the actual property that the house sits on; therefore, you must pay the owner rent on that land. If you don't own the ground rent, you can purchase it.
Can a parent deed his property without signatures of other siblings?
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
Who owns leasehold improvments?
Leasehold improvements are owned by the tenant who made the enhancements, but they typically become part of the property and may revert to the landlord at the end of the lease term, depending on the lease agreement. The tenant can claim depreciation on these improvements for tax purposes, but the landlord retains ownership of the underlying property. It's essential for both parties to clearly outline the terms regarding leasehold improvements in their lease agreement to avoid disputes.
