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Recent Leasehold Interest questions

I live in Ohio. I own a house with my husband and there is a

hello, I live in Ohio. I own a house with my husband and there is a mortgage on the house. We are both in our 70's. Can we put a house with a mortgage in a trust with our son as the beneficiary?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: OhioJA: Has any paperwork been filed?Customer: what type other than a mortgage deed by the bank.JA: Anything else you want the lawyer to know before I connect you?Customer: no

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Richard

Owner

Doctoral Degree

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Under GA Real Estate law and I have a fixed term lease with

Under GA Real Estate law and I have a fixed term lease with 20 months remaing, what is my optionsif the Landlord sell the house to a devleoper?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: GeorgiaJA: Has any paperwork been filed?Customer: The developer are trying to rezone the prpperty and they want o buy the houseJA: Anything else you want the lawyer to know before I connect you?Customer: the four properties that the Developer is trying to buy is tied to 188.9 acreas that is zoned 2R

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Loren

Juris Doctor

40,390 satisfied customers
Someone says that real estate purchase contract is good only

Someone says that real estate purchase contract is good only for ONE year. Is that right? Can we have a closing date to be more than one year from now.I would like also to know if a closing date can be extended for more than one year or not? (We assume both buyer and seller are agreed for this extension with additional of an Option Fee to the contract)

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ScottyMacESQ

Doctoral Degree

23,786 satisfied customers
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

50,256 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

470 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

50,256 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

50,256 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

34,298 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

50,256 satisfied customers
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