Tag: real-estate
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Nonresponsibility Notices and Their Effects
Sometime the tenant will hire a contractor to do the construction improvements they have permission to preform on their leased or rented property. Any mechanic’s lien by said contractor for nonpayment first attaches to the tenant’s leasehold interest in the property, but a mechanic’s lien for unpaid labor and materials may become attached to the…
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Wrongful Eviction Improvements Reimbursements
If a tenant is wrongfully evicted, they are entitling to the rental value of their improvements for the remainder of the unexpired lease or rental terms. If there were no reimbursement, the landlord has a windfall profit for their use of the tenants’ improvements until they normally return to the landlord at the expiration…
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Promised Improvements
Case 1 There are times when a landlord may agree to make improvements to secure a rental or lease agreement. If the landlord fails to make these changes in a timely manner, then the renter of the person leasing the property may cancel the lease or rental agreement. Let’s say John is a…
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Leasehold Improvements
You are the owner of a small commercial building. This building is nothing more than a shell when you enter into an agreement with Mr. and MRs XYZ for three years and the condition that the XYZs make all needed tenant improvements to the property. They are to do the landscaping, and all interior…
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Possessory Rights of Tenants
It is important to know the rights of tenants if you are a landlord or property manager. Once the paperwork is filled in and excepted if the tenants have not surrendered their possessory rights or they have not expired a landlord or property manager has no possessory right. They were conveyed with the acceptance of…
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Landlords Right to Entry
There are several circumstances in which a landlord may enter into a tenant’s dwelling space during the term of rental or lease agreement. The following are forms from Firsttuesday. They are downloadable and speak for themselves. Notice of Intent to Enter Dwelling https://journal.firsttuesday.us/forms-download-2/form567/ Right to Enter and Exhibit Unit to Buyers https://www.firsttuesday.us/course/Downloads/116.pdf Notice To…
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Leasehold Estates
As written about previously there are four types of tenancies: Whenever the landlord does not establish a tenancy and they do not transfer the right to occupy the real estate, which may be done orally, in writing or through their actions (this is called a grant) whoever takes possession of the property is a trespasser.…
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Lease or License
There are two terms I’ll to write about today. If you give written permission to another party which gives them the exclusive right to possess the property against all others you have a leasehold and they go with the land; whoever, if you tell another person they may use your property for a given…
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Leasehold Estates Leasehold estates are the result of the rights given to a tenant by the fee owner or someone with the authority to do so. These are created when the landlord and tenant enter into a rental agreement which gives possessory interest to the tenant. At that time the tenant becomes the owner of…
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Finding Your Properties (3)
Paying the Back Taxes To wrap up other manners real estate investors use to find target properties is purchase properties which owe taxes. Typically, when you pay off their taxes you are paying for the right to foreclose on a property because you paid the taxes. The government gives you this right to foreclose for…
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