Sentences with phrase «common for property owners»

It is also common for property owners to ask you to leave for several days at a time while renovations and remodeling construction takes place.

It's more common for property owners to take action to reduce the taxes on their homes; but commercial property is usually taxed under the same rules as residential.

Not exact matches

The list is fairly lengthy, but the most common is that you don't need to send a 1099 to corporations or for payments of rent to real estate agents (typically property managers — yet they are required to send them to the property owners).

The Common Council has again rejected a proposed fine for property owners who don't shovel their sidewalks after a snowstorm.

- Administering the New York State and Local Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers; - Acting as sole trustee of the $ 129 billion Common Retirement Fund, one of the largest institutional investors in the world; - Maintaining the State's accounting system and administering the State's $ 12.6 billion payroll; - Issuing reports on State finances; - Managing the State's assets and issuing debt; - Reviewing State contracts and payments before they are issued; - Conducting audits of State agencies and public benefit corporations; - Overseeing the fiscal affairs of local governments, including New York City; - Overseeing the Justice Court Fund and the Oil Spill Fund Acting as custodian of more than $ 9 billion in abandoned property and restoring unclaimed funds to their rightful owners;

There doesn't seem to be much chance of federal aid to Lockport property owners, or to the city itself, for damage caused by the June 28 flash flood, Mayor Michael W. Tucker told the Common Council.

But nearly 3,000 of the city's 42,000 parcels are located within special lighting districts, each of which was created by the Common Council after at least 75 percent of the property owners signed a petition asking for ornamental lights and agreeing to pay for them.

Nicholas said she and three members of the Lockport Common Council - Mark S. Devine, Anita Mullane and Joseph P. Oates - visited some of the property owners Sunday to convince them to give permission for the soil tests.

The Common Council last Thursday approved a local law updating the city's sidewalk snow removal law — which requires property owners to clear sidewalks adjacent to their property after major snowfall — with a provision that will allow property owners who are elderly, infirm or disabled to appeal violation fines if the city is forced to shovel the sidewalk for them.

SYRACUSE, N.Y. - Just in time for winter, the Syracuse Common Council will debate again whether to fine city property owners who fail to shovel their sidewalks.

Taraxacum officinale: The common dandelion, introduced to North America from Eurasia for its medicinal and culinary properties, can be a plague to lawn owners — but not to nature.

Renters insurance covers some common water damage - related scenarios a tenant might face, but who is responsible for what types of damage --- the renter or the property owner — can be puzzling.

Jumbos loans are the most common portfolio loan; however, 1 - 4 unit properties that are being purchased for investment purposes rather than as primary, owner - occupied residences are often portfolio loans too.

Monthly condominium fees are charged for condo owners for use of common property and building expenses.

Theft and vandalism are the most common causes of property loss and damage for condominium owners.

A key distinction and benefit to a joint tenancy is that real property passes outside of probate, whereas a tenancy in common will require a probate for the deceased owners undivided half interest.

A fee paid by property owners for the management of the common property of buildings established under a strata title.

Common circumstances in which property owners are found legally liable for the injuries of their guests include the following:

The main question is whether the court, in applying the common law of nuisance, should require a balancing of social utility and reasonableness of the project against the property owner's right to be compensated for interference from a public project.

Under certain circumstances, Florida common law holds property owners responsible for children's injuries and deaths caused by objects and conditions attractive to children (see Florida Statutes Section 768.075).

I would think it would be equitable for the life tenant and the owner who lives on the property to share the expenses, as the tenant who does not live on the property receives zero benefits from the property until it is sold (if both tenants in common — which means no survivorship rights — are also the remaindermen) in equal shares).

In parts of England and Wales it is quite common for the title of a property to contain a reference to the mines and minerals being excluded from the surface owner's ownership and excepted and or reserved to another party, although it may not be shown who owns them.

Rules can contain restrictions relating to pets (such as a maximum number of pets or a prohibition on nuisance animals, for example) as long as the restrictions are reasonable and created for the safety, security and welfare of the owners and the property or for the purpose of preventing unreasonable interference with the use and enjoyment of the common elements and the units.

At the ACMO / CCI EO Condominium Conference on June 2nd, I offered my view that the Protecting Condominium Owners Act, 2015 (including amendments to the Condominium Act and the introduction of mandatory licensing for condominium property managers) will likely mean an increase in common expenses for most condominium corporations in Ontario.

6.4 (1) For the purposes of section 99 of the Act, but subject to a resolution under section 100 of the Act, if a contribution to the operating fund relates to and benefits only limited common property, the contribution is shared only by owners of the strata lots entitled to use the limited common property, and each strata lot's share of that contribution is to be calculated in accordance with the following formula and not in accordance with the formula set out in section 99 (2) of the Act:

For real property, the joint ownership can be joint tenancy, which passes to the survivor on the death of one of the joint owners; or it can be held jointly as tenants in common, which means that on the death of one of the joint owners his or her undivided one - half of the interest is part of the estate of the deceased co-owner.

Common Exclusions: No coverage for bodily injury / death sustained by any person while using or occupying a (1) covered vehicle while being used to carry persons or property for compensation or a fee; (2) a covered vehicle without the permission of you or a relative; or (3) a non-owned vehicle without the permission of the owner.

Renters insurance covers some common water damage - related scenarios a tenant might face, but who is responsible for what types of damage --- the renter or the property owner — can be puzzling.

If the property for which monthly renters insurance is being paid is an apartment or loft that is being used as a home, it will be the duty of the property owner to ensure that adequate protections are purchased for the physical structure and all common areas, while it is the responsibility of the renter to insure the space that is being privately used.

Theft and vandalism are the most common causes of property loss and damage for condominium owners.

There is a common misconception that the property owner will reimburse a renter for loss or damage, but the landlord's responsibility is only to repair structural damage.

In one version of this transaction, property owners exchange their property for ownership in portions of another, larger property as tenants in common.

Increased vacancies at retail properties have become a common issue, especially for owners that have debt coming due.

Although there are a variety of ways to find these properties, the most common include using the local MLS, talking to an REO listing agent, or simply driving around looking for boarded up houses (and then finding the owners through public records).

REALTOR ® associations are busy advocating for common ground between property rights and home owners» rights, yet the issues, which vary by location, and are often complex.

For some time, it's been a common but unwise practice for property owners to hire a listing brokerage based on the highest asking priFor some time, it's been a common but unwise practice for property owners to hire a listing brokerage based on the highest asking prifor property owners to hire a listing brokerage based on the highest asking price.

The third category of property is exclusive use areas, which are part of the common property but granted to one or more owners for which they have to pay an exclusive use levy according to section 37 (1b) of the Sectional Titles Act.

If there is one issue which can be almost guaranteed to cause dissension among sectional title property owners, it is the question of who is responsible for the maintenance of the three different types of property in sectional title schemes, i.e. sections, common property and exclusive use areas, says Michael Bauer, general manager of the property management company, IHFM.

Aunger said illegal marijuana growing operations in apartments, homes and commercial spaces are becoming a common challenge for Canadian police and for property owners who lease those spaces to tenants and could face property damage and legal risks from their tenant's growing activities.

There is often discussion and debate on the issue of the enclosure of patios or balconies in sectional title schemes and whether they become part of the section of the owner (in which case his participation quota will be higher) or whether it remains part of the common property but for his exclusive use, says Michael Bauer, General Manager of the property management company, IHFM.

The overhead or carrying cost of matters with investing in real estate so being knowledgeable about common charges for either the owner or tenant like heat, hot water, the building's electricity bill is important to calculate the return on investment from income properties.

The owner developer, subject to certain terms as may be set out in the Disclosure Statement, may have granted an entity (such as a parking garage operator) a lease for an area of common property (typically a parking stall or number of parking stalls) for a period of time.

However, without this information, there may be some difficulty for the strata corporation to identify which areas of the common property are subject to a long term usage agreement with an individual owner.

Section 76 of the Strata Property Act (the «SPA») allows a strata council to designate common property for the exclusive use of a tenant oProperty Act (the «SPA») allows a strata council to designate common property for the exclusive use of a tenant oproperty for the exclusive use of a tenant or owner.

Here are the most common types of rental property owners and what they are looking for in a property manager.