Question

 When a property changes owners does a new rental contract to be drawn up?

Answer No, The lease that is in place when the property ownership changes hands stays for its time period. all conditions and terms do not change
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Top Q&A For: When a property changes owners does a new renta...

What is difference between home owners insurance and rental property insurance?

Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverag... Read More »
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If the Home Owners Association for a condominium community hires a roofer to make repairs to the common area and there is damage to a unit owners personal property who is responsible for the damages?

It all depends.Depending on the insurance policy you carry on your personal property, and depending on the insurance carried by the association and the insurance carried by the roofer, there would ... Read More »
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I would like to find out how I can have my property exempted from our local property owners association?

If you purchased your property subject to the by-laws and rules & regulations of a Homeowner's Association you cannot remove your property from the association. All the other owners have the right ... Read More »
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Is your property management co allowed to make semi annual inspections of your rental property?

Yes, if it says so on the lease. Normally these inspections are in the form of "preventive maintenance," meaning they're inspecting the plumbing, air conditioning, and for pests. They have the righ... Read More »
http://wiki.answers.com/Q/Is_your_property_management_co_allowed_to_make_semi_annual_in...


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