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If you've hunted for apartments recently and felt like all the rents were equally high, you're not alone: Many landlords now use a single company's software—which uses an algorithm based on ...
In non-equity cooperatives, members have occupancy rights to a specific suite within the housing co-operative as outlined in their "occupancy agreement", or "proprietary lease", [5] which is essentially a lease. In ownership cooperatives, occupancy rights are transferred to the purchaser by way of the title transfer.
A lease may, and usually does, create a proprietary interest called a leasehold estate or, technically, a “term of years absolute.” This will depend upon whether the landlord had an interest out of which he could grant it. Nemo dat quod non habet. But it is the fact that the agreement is a lease which creates the proprietary interest.
The tenant will then be entitled to take a portion of the condemnation award equal to 25% of the rent due for the remaining four months of the lease—¤1,000, derived from ¤250 per month for four months. A full taking, however, extinguishes the lease and excuses all rent from that point. The tenant will not be entitled to any portion of the ...
He was ordered to turn the property's proprietary lease and co-op share copies to Freeman and Moss by October 28 — along with such valuable furnishings as the signed DiMaggio jersey and signed ...
A land lease, also known as a ground lease, is an arrangement in which a landowner (the lessor, in legal terminology) rents out the land to a tenant (or the lessee).
According to the Community Associations Institute, between 22 and 24 percent of the entire U.S. population in 2017 lived in community associations. The two leading states with CIDs are California, where around 9,327,000 people lived in a CID, and Florida, where about 9,753,000 lived in a Community Interest Development.
The lease typically lasts for between 9 and 11 years, after which the management company has the option to either renew, or the property can be sold, or rented out and held privately by the owner. The purchaser/owner can also enjoy periods of usage free of charge through the year, depending upon the terms of the lease.