Sentences with phrase «purchased by tenant»

Property was purchased by tenant.

Are you familiar with this type of request that in addition to renters personal property and liability that a separate public liability policy be purchased by tenant naming landlord as additional insured?

Not exact matches

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.

The company's loyal tenants know that they can depend on the company to help drive traffic to centers by actively engaging the consumer through all forms of media channels and providing incentives through the loyalty program and Tanger coupons to maximize the value of their purchases during their visit.

By purchasing a duplex, tri-plex or four - plex, you may be able to live in one unit and have your tenants pay some or all of your mortgage for you.

The urban poor, many of whom are children of tenants and sharecroppers forced off the land by mechanization, should be offered government assistance to purchase land and training to learn how to work it.

The basic tenants of the framework go as follows: For retirees who hold the majority of their assets in tax - deferred accounts, assets can fairly easily be turned into income by setting up an automatic withdrawal plan from their current holdings or purchasing an investment that is specifically designed to provide regular distributions.

Heath recommends anyone thinking about renting out part of their home or purchasing should keep in mind that any financial rewards will be tempered by the time and energy you devote to your tenants.

Another thing you could consider (and note I just completely made this up so I don't even know if it's legal, though I can't think of a reason it wouldn't be): If you feel you are good at finding and vetting renters, and if the home is purchased by an investor, you could make a deal with them that you will find them their first tenant.

Furthermore, a secondary market will enable mobile home manufacturers to build / ship more homes while helping community owners (like Park Street Partners) fill vacant pads with homes that can be purchased and financed by new tenants.

I am a landlord and when purchasing a property from another, it has been my responsibility to review the leases, tenant backgrounds, applications, assume deposits, and abide by the laws of he state.

The desire to make the process of purchasing freehold or extending existing leases on a fairer and easier basis has been expressed by both tenants and landlords following the decision.

Residential Lease Agreement with Option to Purchase is for use by a landlord when renting property and offers tenant the option to purchase the property for a pre-determinePurchase is for use by a landlord when renting property and offers tenant the option to purchase the property for a pre-determinepurchase the property for a pre-determined price.

The tragedy has highlighted the divisions in society and raised many questions including issues as to: access to justice and legal funding, as the tenants were unable to obtain legal aid for advice due to the legal aid cuts; the legal protection of tenants both in private and social housing; the inability of council tenants to enforce or seek to have enforced basic fitness standards under the Housing Health and Safety Rating System and Housing Act 2004 (HHSRSA), and the purchase of housing stock by local authorities.

The former matrimonial home was purchased in April 2002 and was held by Mr and Mrs H as joint tenants.

There is a foreclosure on a rental unit: A tenant living in a unit that has been foreclosed upon can generally NOT be evicted when that property is purchased by a new owner.

Landlords of even the most sparsely furnished property should consider purchasing the basic contents and liability coverage as cases of injuries to tenants or their guests caused by defective cookers, or light fittings are not rare and may result in substantial compensation claims.

Tulsa tenants should keep in mind that protecting themselves and their valuables against losses that could result from such events is as important as protecting themselves against disease by purchasing health coverage.

On top of that, if we had purchased a home in an area where tenants aren't as easy to come by, we'd be stuck if we had to suddenly pick up and move.

Another way to protect your home and secondary suite is by purchasing comprehensive rental insurance that can cover vandalism and damage by tenants.

Tenant's insurance, sometimes referred to as renter's insurance, is usually purchased by someone renting an apartment or other property who would like to protect the contents of their home.

If a tenant is interested in having their belongings covered by insurance, they need to purchase a renters insurance policy.

Landlords can reduce the risk of tenant - initiated lawsuits by requiring renters to purchase their own insurance.

Also, damage due to vandalism caused by a tenant is not typically covered by the Landlords Package Policy, unless you purchase additional Vandalism coverage, and the damage is within the policy limit.

Damages that are done to the building that are not caused by tenants will have to be paid for by the landlord, and most Texas landlords will purchase homeowners insurance in order to protect themselves from these costs.

Your tenants» personal belongings will need to be covered through a renters insurance policy purchased by the renter, not by you as a landlord.

Multiple companies track renters» insurance in apartment complexes by requiring the tenant to purchase insurance and maintaining a database of expiration dates, cancellations, and similar information for the property owner / manager to use to ensure coverage for all units.

TX tenants can avoid paying for these kinds of legal costs from their own pocket by purchasing a renters insurance plan that will give them the right amount of liability protection.

• Special talent for handling property auctions and overseas and second home purchases • Documented success in estimating property values and handling marketing activities to promote land for sale, purchase, lease and rent • Qualified to vet prospective buyers / tenants by carrying out detailed background checks and collecting references

In multi-residential transactions, the property you are purchasing is tenanted by individuals governed under the Residential Tenancies Act (in Ontario, or similar legislation in your province).

Arms» length transactions are key and it is vitally important that investors only make purchases where they plan to use the property as an investment property that will be occupied by a tenant and not the owner themselves.

Tenants, meanwhile, are able to ease their way into eventual purchase from the investor by applying 10 percent to 20 percent of their rental payment each month toward the property.

The mall was purchased from a group of tenant - in - common investors (TIC) headed by Passco Real Estate Enterprises Inc..

The common wisdom — some of it mine, I had just finished six years on the Real Estate Council — was the public would be better served by licensees who were fully trained in property management, rather than by part - time practitioners who did property management only when a client wanted them to find a tenant for the house just purchased.

By the way, I followed the advice of @Sarah Ziehr and put the tenant in an extended purchase and sale agreement (instead of lease option).

The International Council of Shopping Centers has joined the fray of on - line services with ICSCNET, a Web site offering information on leasing and purchasing opportunities by trade, tenant mix, demographics, and other data; listing meetings and events; and providing access to industry statistical databases.

So again, unlike property purchased at a sheriff sale, you won't have to deal with any unwanted tenants or furniture, junk, etc. left behind by the previous occupant.

Part of the sales pitch most realtors will use when trying to sell a client on Home Partners is that they have the option to purchase the house they are renting for 5 % above what Home Partners pays for it... But, by the time you account for their above market rents, a sizable initial repair budget (that the tenant / buyer has no control over what Home Partners decides to spend), maintenance and repairs while renting (yes, the tenant will have normal repairs and maintenance costs during their lease added to their purchase price), closing costs, and the company's 5 % fee - you should expect a right to purchase price that is more like 10 - 15 % higher than the original purchase price.

The joint venture purchased a neighborhood shopping center anchored by a Pick»n Save grocery located in the Village of Mt. Pleasant in southeast Wisconsin, for approximately $ 21.3 million, and a single - tenant property leased to Pick»n Save in Sheboygan, Wisconsin, for approximately $ 11.7 million.

In one case Drayna is familiar with, a buyer of a property occupied by a tenant wanted a clause written into the purchase agreement that he could terminate the agreement if, among other things, the seller couldn't evict the tenant in time for the closing.

(c)(1) Any real property owner or tenant, person having executed a contract for the purchase or occupancy of real property, attorney closing a real estate transaction for the purchase of real property, or lender considering the loan of funds to be secured by real property shall be entitled upon request to a statement from a public or private water supplier setting forth the amount of water charges currently and past due and any late charges and interest applicable for water supplied to such property.

This form is used by brokers to document their representation of a buyer who is attempting to find and purchase real property or a tenant who is attempting to find and lease real property.

(b) After a tenant exercises an option to purchase leased property under a residential lease described by Subsection (a), Chapter 92 no longer applies to the lease.

Willig & Assoc. Inc. v. Benequista (227 A.D. 2d 833)- broker entered into listing agreement with principal unaware that principal was mere tenant with leasehold option to purchase; sale by true owner within term of listing; summary judgment for principal denied as principal fails to meet burden to establish entitlement to judgment as a matter of law.

88 N.Y. 2d 804)- mere introduction by broker of tenant to subject premises does not entitled broker to commission; tenant had no duty to inform broker of subsequent purchase in absence of contractual obligation or fiduciary duty.

Make sure you do your homework on the tenant before purchasing rental properties with a tenant already in place, or buy an untenanted property and put in a reliable tenant from the get - go by using our proven screening methods.

By providing the minimum down payment for the property, we will put your name on the title and pay you a monthly cash return as well as pay out when the tenant exercises the option to purchase at the end of the lease term.

-- including a lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its due - on - sale clause due to any of the following prevalent circumstances: (1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the spouse or children of the borrower would become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

Since you are aware of the fact there is a tenant in the property and are knowningly aware of the situation Vis - à - vis, by purchasing the property, you just may have implicity transfered the agreement.

New landlord - tenant relationships Department stores such as those operated by May typically negotiate and purchase their own electric power.