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Recent Leasehold Interest questions

My daughter's name is on the deed with me in case I should

My daughter's name is ***** ***** deed with me in case I should die, I want the property to go to her automatically, however, I hold the mortgage, lots of equity. Must she qualify to hold this mortgage or just continue making the monthly payment. State of North Carolina

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
I have a rental and an unmarried couple have lived there 3

I have a rental and an unmarried couple have lived there 3 years each paying their part of the rent. However, the woman has taken up with another man and no longer pays her share of the rent, no takes any part in cooking and upkeep. I am told she is spending nights with another man. Both of their names are ***** ***** rental agreement. Is there any way I can file eviction notice against her only?

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David Stewart

Vice President Legal Affairs

Juris Doctor

192 satisfied customers
My father owns a house in Arizona Pima County, but lives in

My father owns a house in Arizona Pima County, but lives in Ohio.There is a $70K principal balance owed on the Arizona property.A relative who is going to be the sole beneficiary of the Arizona house upon my fathers death, got him to sign a Beneficiary Deed. Here is my worry. Does this Deed that is held to Arizona Law, require that the house be paid in full from my fathers assets prior to the transfer to the beneficiary? In other words, is this a really sneaky way to obtain a larger portion of my fathers assets? I am fine letting the relative get the house with all current principal plus remaining debt. I am not happy with it if they receive the paid in full from my father assets. My father is still alive and he also doe snot want this to happen. So I need to figure what to do here.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
My father died last August and in his will my brother and I

My father died last August and in his will my brother and I split his possessions 50/50. He left a home with a small mortgage. My brother and I have agreed that I can have the house. I contacted the bank with the mortgage to inform them I would be taking over mortgage. They say I cannot assume it and must get a new mortgage myself. I thought under federal law I was allowed to assume mortgage. The state is Illinois

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
A ten year commercial lease has been signed by two tenants.

A ten year commercial lease has been signed by two tenants. One tenant wishes to be removed from the lease.Two new individuals wish to become tenants under the existing commercial lease.What to do to remove one tenant, so there is one remaining tenant on the lease and to add two new tenants without terminating the existing lease?

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Roger

Litigation Attorney

Doctoral Degree

33,582 satisfied customers
My mother recently passed away. She left her house to me and

My mother recently passed away. She left her house to me and my two brothers.She had a beneficiary deed and I sent in the necessary papers and I am waiting to receive it. She had a home equity loan and I would like to continue paying it. I paid my mother's bills so I have all the information and I was also on her checking account. Can I continue just paying the loan as usual until we decide if we want to sell it? The bank wants me to do a loan assumption or take out a new loan and I can't make any decisions right now. My brother's are on board with whatever I decide. My mother has no other assets so there will be no probate.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,238 satisfied customers
I just bought a small strip center. The rent is so low main

I just bought a small strip center. The rent is so low for the main tenant, I can't pay my bills. I want to know if I can raise the rent and add NNN. Here is what the lease now states:"Adjustment to the rent, if any, for rent escalators, for percentage of net rent, or for increases in building operation costs (including, but not limited to insurance) shall be as set forth in an attached addendum. "There is no addendum.As the new owner, Can I require a new lease with tenant including the increase in price and NNN? (of course they do not want to pay more money and will not sign)Or is this an iron clad lease and I must live by the terms of the lease until it expires in 4 years? The lease states "SPECIAL PROVISIONS Landlord and Tenants agree that this lease shall survive any sale of the property to a third party."

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Loren

Juris Doctor

37,188 satisfied customers
My landlord wants to raise my rent, however my lease hasn't

My landlord wants to raise my rent, however my lease hasn't ended (it doesn't end until 2045) and the lease says that the rent is $800 due on the 10th of every month. Can they legally do that?

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Attyadvisor

Doctoral Degree

7,166 satisfied customers
I want to sell my property with a mobile home, which I

I want to sell my property with a mobile home, which I bought 30yrs ago, but title is still in previous owner name, they have both died how do I solve this

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Gerald-Esquire

Juris Doctor

5,312 satisfied customers
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