What is the definition of a landlord?Individuals who own real estate, such as an apartment complex, and rent the real estate to tenants, are commonly known as landlords. While it’s typical that a lessor owns and maintains residential property, the term can also be applied to owner of com...
"Absentee landlord" can have a negative connotation as it is associated with landlords that are invested in properties for purely financial gain and have no interest in the community. Absentee landlords can include those who own commercial real estate, vacation homes, second homes for rental income...
Mary rented a house and is paying rent to the landlord every month. The landlord raised the rent on the commercial space to cover maintenance costs. The tenants complained to the landlord about the broken air conditioning unit. The landlord is responsible for ensuring that the building meets all...
A ground lease indicates that improvements will be owned by the property owner unless an exception is created and stipulates that all relevant taxes incurred during the lease period will be paid by the tenant. Because a ground lease allows the landlord to assume all improvements once the lease t...
If you’re a full-time landlord or have a portfolio of properties, you might already have a maintenance team in place or at least have a preferred list of tradespeople you can turn to. If you don’t or prefer to outsource your maintenance, many letting agencies also have HMO management ...
An overflow drain is also used in manufacturing plants and other commercial assembly operations. The drain may be used to redirect water after it reaches a certain level, or serve as a means of effectively maintaining a certain level of any type of liquid in place as part of the manufacturing...
What is a lease? What types of lease are there? What is a lease? The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial/for profit use of the property. ...
This type of personal liability insurance does not extend coverage to car accidents or business or commercial claims. But, it may apply to incidents that occur away from your home. What is personal liability coverage? Personal liability coverage, also known as Coverage E, can be found in Sectio...
“It is a very embarrassing and discouraging process,” says Charley Moore, founder and CEO of Rocket Lawyer. “Both a tenant and a landlord should do everything they can to avoid an eviction situation.” Finding Housing After an Eviction ...
My current landlord seems a little shady, he initially wanted me to obtain a mortgage and once i did, now he is trying to hold the mortgage. he is refusing to give the bank the info they need to begin processing the sale such as the sales agreement, refuses to do a title search and...