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Topic: Tenant ownership


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In the News (Mon 28 Dec 09)

  
  Property (ownership right) - Facts, Information, and Encyclopedia Reference article
Modern property rights can be said to begin with the transition from ownership by entities as being the primary form of property right, to the theory that property rights are to promote the general good, and specifically encourage economic development and utilization of property.
Communism argues that only collective ownership through a polity, though not necessarily a state, will assure the minimization of unequal or unjust outcomes and the maximization of benefits, and that therefore all, or almost all, private property should be abolished.
For example, as a lessee of a particular piece of property, you may not sell the property, because the tenant is only in possession, and does not have title to transfer.
www.startsurfing.com /encyclopedia/p/r/o/Property.html   (3018 words)

  
 Tenant Power Helps Improve "In Rem" Housing
Tenant-owned cooperatives and buildings with significant tenant organizing are the healthiest of the city's large stock of tax-foreclosed ("in rem") residential buildings, according to a report just published by the Task Force on City-Owned Property.
Tenant cooperatives also came out as the best-performing program in a previous Task Force survey, involving nearly 3,000 residents of in rem housing in the Bronx in 1992.
Improving the situation of the tenants in centrally managed buildings is essential if we are to prevent the homelessness that is being caused by the poor conditions there.
www.tenant.net /Tengroup/Metcounc/Jun96/inremrep.html   (1193 words)

  
 Property   (Site not responding. Last check: 2007-11-01)
Property is usually thought of in terms of a bundle of rights as defined and protected by the local sovereignty which itself, by definition, has "exclusive right to exercise supreme authority" concerning that property.
Ownership society is about increasing the rights of property owners and thus decreasing the rights of nonowners.
Communism aims to establish a state-less and property-less society, based on the principle that goods should be produced and distributed according to the principle "from each, according to his ability; to each, according to his needs".
property.ask.dyndns.dk   (2757 words)

  
 Public Housing: From Tenants to Homeowners   (Site not responding. Last check: 2007-11-01)
If the tenant disagrees with that valuation, he can appeal to the District Valuer, an independent official whose decision is legally binding on both parties 3) Finance The purchaser has three options in raising the money to pay for the house a) The tenant can obtain a mortgage from a savings and loan association.
Success as a tenant management asssociation could be a sensible prerequisite to apply to a group of public housing tenants wishing to purchase as a cooperative.
As the tenant management associations or mutual housing associations improved tenant skills and reduced operating costs, savings to the PHA would be placed into an escrow account toward the purchase price, or as the equity element of a lease-purchase agreement.
www.heritage.org /Research/Welfare/bg359.cfm   (2761 words)

  
 Legal Q & A: Legal topics
A written or printed copy of the notice must be delivered to the tenant or to a member of his or her family who is age 14 or older, and who is informed of the contents of the notice.
If the tenant is ordered to leave and doesn't, the county sheriff removes the tenant and his or her belongings from the premises.
give the tenant notice of the landlord's intent to dispose of the personal property by sale if the property is not repossessed by the tenant within 30 days of the notice, and the landlord may deduct from the proceeds of the sale any costs of the sale or storage charges.
www.legalexplorer.com /legal/legal-QA.asp?PositionPoint=24&Sid=24   (1489 words)

  
 tenant participation compacts
Tenants need to negotiate a management agreement with the council and follow the right to manage process with the approval of the DETR.
In a tenant ownership co-operative, the tenants are the legal owners of the properties.
Tenants in a Liverpool clearance area did not want to lose their community when their homes were knocked down.
members.tripod.com /tenant2U/compact.html   (1036 words)

  
 San Francisco Rent Board: Supervisor Hall's Tenant Ownership Program for Everyone Proposed Legislation 3/ 28/02
The conversions allowable under this Article 11 are intended (i) to promote the expansion of home ownership opportunities for existing tenants by creating opportunities for a substantial number of them to purchase their units, and (ii) to balance the interests of new home ownership opportunities with the need to protect tenants in place.
The tenant must also give any other occupant of the unit a written notice that the occupant is not a tenant and has no rights under the lifetime lease.
Where the tenant has the right to use certain common areas of the property, as, for example, parking or storage, or the right to have pets, those rights shall be included in the written agreement.
www.ci.sf.ca.us /site/rentboard_page.asp?id=6114   (4428 words)

  
 [No title]
Existing law excludes from classification as a change in ownership, subject to certain conditions, any transfer made, on or after January 1, 1985, of a mobilehome park to a nonprofit corporation, stock cooperative corporation, limited equity stock cooperative, or other entity formed by the tenants of the park for the purpose of purchasing the park.
Existing law classifies as a change in ownership any subsequent transfer of any portion of that same mobilehome park, on and after January 1, 1989, that is not for the purpose of converting ownership of the park in a specified manner.
If an individual tenant notifies the county assessor of the intention to comply with the conditions set forth in the preceding sentence, the mobilehome park may not be reappraised by the assessor during that period.
info.sen.ca.gov /pub/01-02/statute/ch_0751-0800/ch_772_st_2001_ab_1457   (1125 words)

  
 Govt "thwarts" tenant ownership scheme
Tenants groups say the demand for asuccession certificate is unlawful as Chapter VIII A of the MHADA Act clearly recognises the `occupier' (see box).
Tenants groups allege that the government's move is a deliberate attempt to thwart tenants, who can then be manipulated.
The tenants have to pay 100 months rent to the board and an advance of 30 per cent of it when the application is approved.
www.expressindia.com /ie/daily/19980623/17450454.html   (747 words)

  
 R. J. GULLO & CO., INC. (Tenant in Common Ownership Program)
"Tenant In Common Ownership" means that the I.R.S. now allows through the use of a Real Estate Exchange, Taxpayers (Sellers) of income-producing property or investment-held property to dispose of their Relinquished Property and acquire as their Replacement Property, a percentage of ownership known as an undivided interest as Tenants In Common.
Tenants In Common property owners collectively own a piece of real estate in which the title is held individually by each owner.
This new form of ownership designed for the 21st Century, is a convenient way for an average Investor to own a management-free high quality "Real Estate Investment", without the headaches of property management.
www.rjgullo.com /tenant_in_common.html   (948 words)

  
 Video Promotes Tenant Ownership of Rental Housing
Titled "Taking Control: Tenant Operation and Ownership of Rental Housing," this 30-minute video highlights five California apartment complexes in which low-income housing tenants have organized to purchase and take control of their housing and influence the conditions in which they live.
Tenants in position of control will have greater decision-making ability than those in regular rental situations.
Intended to be used by tenants and trainers working directly with tenants at the building level, this video provides positive images of "low-income housing" and of resident empowerment.
www.nhlp.org /html/hlb/797/797video.htm   (373 words)

  
 Models of Tenant Participation
Tenants associations are concerned with a wide range of community matters, including social issues.
Tenants associations are often the basic building-block of participation strategies.
Council tenants are not able to vote on council committees but can make their influence felt by sitting on housing committees.
www.members.tripod.com /tenant2U/modelstp.html   (516 words)

  
 [No title]
Her ownership in the proceeds from the joint accounts and certificates of deposit continued, while Nancy E. Walton's right of ownership in the funds from the accounts terminated at her death.
However, she was a cotenant with ownership rights, and withdrawal of the funds was consistent with her ownership rights.
Hogan, the dispute was between living joint tenants, but, in the present case, appellant Wilma South is the survivor of the joint tenants in all of the accounts.
courts.state.ar.us /opinions/1996a/961209/96-504.txt   (3746 words)

  
 Good Practice in Housing Management: A Review of the Literature - Chapter Two : Tenant Participation   (Site not responding. Last check: 2007-11-01)
It extends to tenants being directly involved in decision making, either by taking part in boards or committees where non-tenants are also present or in situations of tenant ownership and control, where tenants alone have the power to make decisions over their housing.
Indeed, the development of tenant participation policies is seen as a reflexive process, whereby participation policies develop in response to their own success in empowering tenants to be able to be involved in the development of such policies.
Since tenant participation (in contrast to customer care) is a collective activity, it follows that it is necessary for landlords to encourage, and recognise the existence of tenants’ groups.
www.scotland.gov.uk /cru/kd01/blue/gphmlit-06.htm   (7125 words)

  
 Estate Planning: Property Ownership
For example, one tenant in common cannot claim to own the valuable section of land with an oil well and claim the worthless section with sagebrush belongs to the other tenant in common.
Each tenant in common has the right to transfer his or her proportional share by selling it, giving it away, or by transferring it to persons of his or her choice at his or her death by a written will.
A joint tenant cannot leave his or her interest to someone in a written will, nor does his interest pass to his heirs by intestacy because the joint tenancy contract has priority.
agbiopubs.sdstate.edu /text.cfm?Item=FS928e-5&id=1233   (3071 words)

  
 Real Estate News - July 2001
The landlord or tenant who doesn't pay attention to what the lease says about ownership of the improvements built with the TI allowance may be in for an unpleasant surprise come tax time.
Where a landlord grants a tenant a TI allowance and the landlord owns the improvements for tax purposes, the landlord can depreciate the cost of the improvements (up to the amount of the TI allowance) that are part of the nonresidential real property (i.e.
If the tenant owns the improvements, the landlord can amortize the TI allowance over the term of the lease (which is almost always shorter than 39 years).
www.strasburger.com /calendar/news/realestate/0107.htm   (508 words)

  
 UHAB - About UHAB
We inform them about tenant ownership options, and help them through the steps of the co-op conversion process, which include: organizing a tenant association, negotiating a tenant purchase with the owner, obtaining financing, and planning and overseeing repair work.
We offer a comprehensive curriculum of training classes for tenants at all stages of the co-op development process: those considering the option of tenant ownership, those in the process of becoming owners, and those living in established co-ops.
These classes are designed to give tenants the skills and tools they need to take and keep control over their housing, and are taught using a participatory training method.
www.uhab.org /index.cfm?fuseaction=Page.viewPage&pageId=471   (529 words)

  
 The Misplaced Assault on Resident Ownership of Public Housing   (Site not responding. Last check: 2007-11-01)
The cost of transferring management and ultimately ownership responsibilities to residents even allowing for renovation of buildings, is in the long run substantially less than the cost of continuing to operate projects as rental property at a large public subsidy.
Ownership may be in princi ple a fine idea, opponents say, but public housing tenants simply are not in any position to buy.
As a result, exasperated tenants resorted to hand delivering all correspondence to DPAH officials zations are eligible to receive HUD grants directly without having to go through the PHAS years of mismanaging the project, the same DPAH bureaucrats were entrusted with or ganizing the conversion to homeownership.
www.heritage.org /Research/Regulation/bg916.cfm   (4610 words)

  
 Subchapter I. Rights, Obligations and Procedures, Generally   (Site not responding. Last check: 2007-11-01)
A tenant may terminate a rental agreement by giving a minimum of 60 days' written notice prior to the expiration of the term of the rental agreement that the agreement shall terminate upon its expiration date.
With regard to a tenant's occupying HUD-subsidized units, in the event of any conflict between the terms of this Code and the terms of any HUD regulation or guideline, the terms of a HUD regulation or guideline shall control.
(b) If the tenant does not sign a written rental agreement which has been signed and tendered to the tenant by the landlord, acceptance of possession and payment of rent by the tenant, without reservation, shall give to the rental agreement the same effect as if it had been signed by the tenant.
www.delcode.state.de.us /title25/c051/sc01/index.htm   (1820 words)

  
 Susan M. Mooney, P.C., law office Stoneham Massachusetts/Estate Planning Info
IRS tables determine the respective ownership interest in the property depending on the age of the Life Tenant at the time that the property is transferred into the Life Estate form of ownership.
By example, if under IRS tables the Life Tenant is considered a fifty percent (50%) owner, then their fifty percent (50%) portion of the profit upon sale would be exempt from capital gains tax up to the $250,000.00 limit, however, the Remainder Owner’s fifty percent (50%) share of the profits would be subject to tax.
Sometimes a Life Tenant Owner views this as a disadvantage (due to their loss of sole control over the property) therefore, careful consideration should be made in choosing the Remainder Owner(s) so that the Life Tenant can be sure to rely on the Remainder Owner(s) to follow the wishes of the Life Tenant.
www.susanmooney.com /estate-link5.htm   (2242 words)

  
 Tenants Union of Washington State   (Site not responding. Last check: 2007-11-01)
The Tenants Union is on the move, organizing tenants in Washington State for housing justice.
Tenant owned and controlled housing enables low-income individuals and communities to benefit from development in our own neighborhoods and have greater control over the future of our communities.
These partners created an innovative ownership structure in which the tenants have control over the day-to-day operations of the development, and all proceeds will benefit future tenant ownership campaigns.
www.tenantsunion.org /ownership   (293 words)

  
 Tax Strategies Group
Tenancy in common is a form of property ownership.
Each tenant in common owns a distinct share in the property.
TSG is best known for the use of tenant in common (TIC) structured real estate investments approved for use in ยง1031 exchanges.
www.tsgre.com /invest_prod_1031_tic.asp   (172 words)

  
 Network for Good :: Organization Details
Our mission is to organize and empower tenants to take control of their living situations, achieve better housing conditions for all, and change housing laws to ensure that basic human needs are met.
The Tenants Union of WA is a grassroots membership based organization of tenants and allies working together to create housing justice through education, community organizing, tenant ownership and advocacy.
Mobilize low-income tenants participating in the Section 8 program, those on the waiting list for housing assistance and supportive allies to hold the line against proposed budget cuts and policies changes while empowering low-income people to have a voice in policy decisions at the federal and local level.
www.guidestar.org /pqShowGsReport.do?partner=networkforgood&npoId=513822   (779 words)

  
 Tenants Partner and Negotiate to Gain Ownership of Cathedral Parkway Towers in NYC - HUD   (Site not responding. Last check: 2007-11-01)
On Thursday, June 23 the tenants of Cathedral Parkway Towers in New York City celebrated achieving something they have been striving to gain for years, the ownership of their building.
Turning over the "key" to the tenants of Cathedral Parkway Towers at a June 23 ceremony are (from left): Michael Friedman, Sr.
At the time Cathedral towers was developed, the NYS Division of Housing and Community Renewal (DHCR), the builder and the tenants, acting through the United Tenants Association of Cathedral Parkway Towers (UTACPT) entered into a Tenant Participation Agreement (TPA) which provided for tenant management and the eventual tenant ownership of the buildings.
www.hud.gov /local/ny/news/2005-06-23.cfm   (436 words)

  
 [No title]
Just as tenant ownership of decaying buildings nears death in New York, the city has pledged to award several hundred apartments to nonprofits planning low-income tenant cooperatives.
After suffering a near-death experience under the Giuliani administration, tenant ownership is once again a reality for buildings the city is unloading into private hands.
Several other nonprofits with tenant ownership proposals also received some of the 90 buildings awarded in Manhattan, the Bronx and Brooklyn.
www.citylimits.org /content/articles/weeklyView.cfm?articlenumber=154   (528 words)

  
 98-ALJ-07-0436-CC, Timothy Looper vs. SC DHEC [7.2]   (Site not responding. Last check: 2007-11-01)
The determination that Hayes acquired ownership of the UST's in the spring of 1981 is supported by the testimony of the DHEC enforcement project manager.
Accordingly, Looper did not assume legal ownership of the UST system through a legally binding transfer of ownership, and he is not liable for fines, fees, or closure requirements for the six UST's.
Likewise, no abandonment of trade fixtures occurs when the trade fixtures are conditionally sold by the tenant to a subsequent tenant, the subsequent tenant plans to carry on the same business, and the landlord knows of the arrangement.
www.scalc.net /dhec7/dhec7_2/980436.htm   (4557 words)

  
 Tenant Data Services, Inc.: Your Personal Report
Tenant Data is a consumer reporting agency that is governed by the Federal Fair Credit Reporting Act (FCRA).
You have the right to view the contents of your tenant history file at no charge if you have been declined for residency within the past 60 days, based on tenant history information provided by Tenant Data Services, Inc.
To view the contents of your tenant history file, please call our office for a form or download the form, fill it out completely and mail it with a copy of your social security card and a government-issued photo identification, such as a driver's license or passport, to the address below:
www.tenantdata.com /personalreport.html   (1293 words)

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