Sentences with phrase «property as a tenant»

Spouses who jointly own property as tenants in common do not automatically receive full title to the property upon the death of the other spouse.

If a husband and wife own property as tenants in common or in joint tenancy, the replacement Property must be deeded to both spouses, either as tenants in common or joint tenants.

If you don't have sufficient cash, again, your retirement plan can buy a partial interest in a property as a tenant in common.

The Court of Appeal made a declaration that the parties held the severed joint tenancy of the property as tenants in common in equal shares.

In Hansen, the Ontario Court of Appeal addressed what conduct constitutes a «course of dealing» sufficient to establish that a joint tenancy has been severed, such that the co-owners now hold the property as tenants in common.

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

Maintenance seems like it would be lower than other properties as the tenant base is far more gentle on the property than an average person would be (from what I saw touring the property).

As a result, when a licensee acquires property as a tenant, disclosure must be made to the landlord except in limited circumstances.

Unlike residential property, there is less wear and tear on the décor of the property as the tenant usually takes care of not only furnishing it, but providing floor and wall coverings that show off their business.

Not exact matches

Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, foreign currency exchange rates (such as the US - Canadian rate), selling prices of properties held for disposition, expenses (including salaries and employee costs), insurance costs and numerous other factors.

The combination of Choice Properties, which counts Loblaw as its principal tenant and largest unitholder, and CREIT will create a company with a diversified portfolio of 752 properties.

Because of its leasing arrangement with the state of New York, SolarCity acted as a tenant of the facility, meaning that the property and equipment purchased with state funds was owned by the state through the SUNY Polytechnic Institute.

Business Liability Insurance is not usually required by law but can protect your business and personal assets from being taken in a judgement against you or as a tenant if you cause damage to a property you rent.

Even so, property owners can easily make twice as much money through short - term rentals as they can by finding permanent tenants.

If you have property manager, he or she will screen the prospective tenant but you will have the final say as to whether you want to rent to that person.

You should also have a look at the property through the eyes of a tenant and not as a house you will be living in.

The 153,000 - square - foot industrial property has been renovated into a workshop for creative and artisan tenants such as photographers, visual and sculptural artists, candle makers, coffee roasters and furniture makers.

If your name is on the mortgage, you are responsible for paying the mortgage, maintaining the property, and making sure that the people you have as tenants aren't war criminals from Cameroon.

You are Liable — As a landlord, you are responsible for nearly everything that happens on your property, if it isn't a result of tenant carelessness or negligence.

Teams were tasked to assess the viability of the potential sale, considering current valuations, tenant activity and rent roll, as well as a competing adjacent property.

Industrial REITs own and rent space to tenants in industrial buildings and specialize in properties such as warehouses or distribution centers.

They warned that the creation of landlords acting as border guards would prevent tenants «from reporting and seeking local authority assistance with bad landlords or unsafe properties».

As the buyer is liable to repay the discount if a property is resold within three years, some former tenants have found themselves homeless.

Disgraced Assemblymember Vito Lopez lost his position as Housing Committee chair after a sexual - harassment scandal last year — but despite opposition from tenant groups, the omnibus property - tax - break bill he tried to push through at the end of the 2012 session became law at the end of January.

«As a small property owner and landlord, I have long understood that it is possible to make a rent freeze work, because I have managed to provide it for years to the tenants in my own building.

He also noted that once initial tenants move out, property owners don't have to keep the units rent stabilized (as long as the rents exceed $ 2,700 per month).

SYRACUSE, N.Y. — New York officials said Wednesday night that they don't know what Syracuse properties the state will have to acquire as it replaces the Interstate 81 viaduct, but they promised financial help to impacted property owners and tenants.

The new law allows owners and tenants of real property located within a BID to receive written notice of the timing and purpose of management association meetings, as well as copies of the minutes of those meetings upon request.

As previously reported, the city's public advocate slammed Quinn's proposed property tax cap for buildings that pledge to reserve a certain percentage of units for affordable tenants.

With rent - stabilized buildings, taxes are passed on to renters via the Rent Guidelines Board, while tenants with market - rate properties get some of the taxes passed along as well.

Residents at Saturday's tenant meeting shouted and held signs, urging fellow residents to band together to force the complex's management company, Knickerbocker Village, Inc., and its owner, AREA Property Partners, to do more to provide for the tenants» immediate needs, such as supplying generators and heaters.

New York officials said that they don't know what Syracuse properties the state will have to acquire as it replaces the Interstate 81 viaduct, but they promised financial help to impacted property owners and tenants.

NYC Comptroller Scott Stringer today will announce a plan to expand efforts to encourage landlords and property management companies to give tenants, especially low - income tenants, the ability to opt in to reporting their rent payments as a way to boost their scores.

De Blasio aides said the public advocate met with Shah in 2011 as Shah was hoping to reduce property taxes on some buildings with low - income tenants.

Over the summer and into the fall Senator Klein and his office have conducted multiple meetings with tenants as well as the owner of the property in an effort to rectify the list of outstanding issues at question.

As CEO, Drees is responsible for maintaining more than 3,000 acres of property and managing 150 tenant contracts.

Learn more about how you can improve your experience as an owner and a tenant when leasing a property in and around Vancouver WA.

You can turn a standard quitclaim deed into a survivorship deed by writing that the «second party» or «grantee» — the people who are receiving the property, in this example, you and your adult child — hold the property as «joint tenants with rights of survivorship.»

As a landlord, you are responsible for rental property maintenance, which means keeping your rental property up to code and in good condition for your tenants.

Joint tenants wishing to transfer the joint tenancy property together (as one) may also use a quitclaim deed to do so.

However, as shown in the example above, these joint tenants will each face the same lack of legal protection as John in a case where the transferring party did not have perfect title to the property.

For instance, if A, B and C own property as joint tenants, and C dies, A and B now own the whole property as joint tenants.

Effective Coverage was built around the premise that tenants deserve the same type of protection as homeowners do, and property management deserves the same sort of protection that a mortgage company has.

However, since all siblings are tenants - in - common and the inherited home is not a primary residence, there will be a capital gains tax hit when there is another disposition of the property, such as the sale of the home.)

You can choose to hold property as «tenants in common» in which case your partner would be entitled to his share, but you could pass your share on to the kids.

From here the objective is to continually buy properties as a primary residence, move in, live in them, and then rent them to suitable tenants when you are ready to buy the next one.

Spouses typically hold property as joint tenants, whereby upon the death of the first, the asset passes directly to the survivor and does not make up part of the estate of the deceased.

But they generally pay for themselves as a property manager will manage the leasing and marketing of your property, rent collection, field phone calls from tenants, and schedule repairs and emergencies.

The tenant needs to protect against his own liability, as well as protect his own property.

Some large property managers want to be listed as additional insured on their tenants» policies.