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Difference between leasehold property and freehold property?
You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.
What is a franchise agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
What is the difference between an usufruct and a lease?
Usufruct is a legal right allowing a person to use and enjoy the benefits of someone else's property without owning it, typically for a specified period, while still preserving the property's substance. In contrast, a lease is a contractual agreement where one party pays another for the right to use and occupy a property for a designated time, usually involving a rental payment. The key difference lies in the nature of rights granted; usufruct includes both enjoyment and use, whereas a lease primarily focuses on use in exchange for rent. Additionally, usufruct can be more permanent and may transfer with ownership, while leases are typically temporary and specific to the terms of the contract.
Can you void the contract prior to the commencement of the services?
No, legally, you cannot void ta contract prior to the commencement of the services unless both parties are in agreement. If one does not agree on canceling the contract, they can legally sue the other party for the complete cost of the contract.
What is a disclosed dual agency in real estate?
In the US, although regulated by individual states,dual agency must be disclosed to all parties in the transaction. Undisclosed dual agency may result in a loss or suspension of a real estate license. For example, Agent A and agent B both work for Remax DC. If Agent A has a buyer who writes an offer on Agent B's listing there is dual agency (assuming that Ahas a buyer's agency agreementand B has a listing agreement) because both buyer and seller have an agency relationship with Remax DC as the principal. This is perfectly legal as long as all parties are aware and give their consent.
Can a landlord cancel the lease agreement after it has been signed by both parties?
No
Who is obligated to a lease if is has expired?
both parties if the lease changes from written to verbal, month to month.
Can a residential lease be cancelled before it starts?
This depends on at what point the lease started. If both parties signed the lease, and the apartment or dwelling was turned over to the tenant by virtue of being given the keys, then the lease has started, whether or not you decide to move into the unit. At that point that the keys are handed to the tenant there is no turning back: the lease may not be canceled unless landlord agrees to cancel the lease.
What do you mean by blank lease agreement?
A blank lease agreement is an agreement that can be edited legally, and for a side of the party that is involved in the agreement to fill out. Afterwards, both parties will sign the blank lease agreement if both parties agrees to the terms and conditions filled out on the blank lease agreement.
How can I break my Texas rental home lease legally?
Each lease is different but they all contain an out clause for both parties,review your lease.
Does the three day consumer laws apply to apt leases?
No, the three-day right to cancel a contract typically does not apply to apartment leases. Once both parties sign the lease, it is considered legally binding. It's important to carefully review and understand the terms of the lease before signing.
How can both parties mutually void a contract?
Both parties can mutually void a contract by agreeing to cancel it and releasing each other from their obligations outlined in the contract.
Can a cosigner on a leased vehicle be removed due to a separation?
No. Until the judge declared divorce, the cosignor is on the lease. The two parties must come to a decision on who is going to own the vehicle AFTER the divorce and the two parties agree that the owner will continue payment. IF for some reason the one person CANNOT afford the payment, then both parties are on the hook until end of lease. The OWNER of the vehicle may also declare that BOTH parties remain on the lease until END OF LEASE.
Can a landlord cancel the lease agreement after it has been signed by both parties and the deposit has been paid?
Most lease contracts have a clause that reserves the landlord's right to cancel the agreement if certain conditions are met. If you believe your contract does not support that right, then the landlord may be violating the terms of the agreement. The only way to know for sure is to study the contract, or hire the services of a lawyer to help interpret the contract.
How long after signing a lease in California can you back out?
In California, once you sign a lease, you are legally bound to it and cannot back out unless both parties agree to terminate the lease early.
When do simple lease agreements need to be signed?
Simple lease agreements need to be signed before moving into a new flat or house. A lease must be signed by both parties, and the lease does not need to be co-signed by a witness.
Agreement to Cancel Lease?
Get StartedThe Agreement to Cancel Lease should be used when a Landlord and Tenant have mutually agreed to alter the ending date of the lease agreement from its original terms. This Agreement is only suitable for a voluntary termination of a lease term. Both the Landlord and the Tenant need to sign the Agreement for it to be legally effective. This Agreement is not designed for use if one party is looking to unilaterally end the rental relationship (for example, a landlord is trying to evict a tenant for non-payment of rent).There may be several reasons that the parties wish to alter the length of a lease. Often, a Landlord sells the property to another party who does not wish to have the property occupied by a Tenant. If the parties can agree to an earlier termination to the lease, this document can be used to identify an earlier termination date. Sometimes a Tenant may want to get out of a lease agreement (wants to move, needs a bigger apartment, etc.). If the Landlord is willing to let the Tenant break the lease, this Agreement may be used to clearly show when the lease will end.This Agreement can be used for both commercial and residential leases. It should be signed by both parties and if there are multiple Landlords or Tenants, all should join in signing. It is not necessary that the signatures be witnessed or notarized.
