0
When a rental building is sold, tenants generally retain their rights under existing leases. The new owner must honor the terms of the lease, including rent amounts and duration, unless the lease specifies otherwise. Additionally, tenants are typically entitled to the same protections against eviction and habitability issues. It's important for renters to be informed about local laws, as regulations can vary by jurisdiction.
What else can I help you with?
What is the plural possessive of renters?
The possessive form of the plural noun renters is renters'.Example: The renters' parking lot is at the rear of the building.
Is structural insurance for renters?
Structural insurance typically refers to coverage for the building itself and is usually the responsibility of the property owner or landlord. Renters generally need renter's insurance, which covers personal belongings and liability but does not include the building's structure. However, some landlords may require renters to have insurance that includes liability or additional coverage. It's important for renters to clarify their insurance needs with their landlord and understand what is covered.
What are some of the rights that renters have?
Some of the rights that renters have are: the right to deny the landlord access to the property without proper advance notice and the right to clean and safe housing (property must be free from pest and rodent infestation and faulty plumbing, for example).
Can renters be part of the homeowners association if it is made part of the by laws?
Yes, renters can be part of the homeowners association if it is stated in the bylaws. The bylaws typically outline the qualifications and rights of association membership, and if they include renters as eligible members, then renters can participate in the homeowners association. However, it ultimately depends on the specific provisions in the bylaws of the association.
How do you name a building?
The owner of the building gets to decide. For some buildings of significance - like sports arenas - the naming rights can be worth millions of dollars and the owner will sell the naming rights to a company. When Chicago's Sears Tower was sold to the Willis Group Holdings insurance broker, the building got renamed from the Sears Tower to the Willis Tower. San Francisco's Candlestick Park is now known as 3Com Park, while the Washington Redskins field in Landover, Maryland didn't have a name until they sold the naming rights, and now the building is known as FedEx Field.
What are the renters' rights in Michigan if they are living in a property without a lease agreement?
In Michigan, renters living in a property without a lease agreement are still protected by certain rights under state law. These rights include the right to a habitable living space, protection against illegal eviction, and the right to proper notice before any changes to the rental agreement. It is important for renters in this situation to familiarize themselves with the specific laws and regulations that apply to their circumstances.
What are some considerations of a business planning to get renters insurance?
Business renters insurance is a necessary expense if the building a company occupies is not owned. Some of the considerations a business must plan on are fire and theft, liability and "Acts of God".
What does home renters insurance cover?
Your home renters insurance will cover you for loss or damage to the property which you own and which is kept within your rental property. Any damage to the actual structure of the building would be covered by the landlord's insurance.
Can a renter insure the structure he lives in?
There is renters insurance, but it is on the items the renter has brought into the house/apartment. The owner has insurance on the building.
Can patents be sold?
As with other property rights, patents can be sold or licensed
Do you need commercial building insurance to build a building?
Yes, you will need commercial building insurance in order to protect you from incurring higher cost later on as well protect you, and your renters. Normally you will need fire and theft insurance amongst others.
When was European Court of Human Rights building created?
European Court of Human Rights building was created in 1994.
