My brother in law just got a lease to sign for his upcoming apartment, and one clause of the addendum states that "The tenant agrees to not record this lease. Any recording or attempted recording will constitute a breach of this lease." (not sure if i have the wording exactly)By "record," I assume they mean something along the lines of Main Entry: 1re·cord Pronunciation: ri-'kordFunction: verb1 a (1) : to set down in writing : furnish written evidence of (2) :to deposit an authentic official copy of <record a deed>Questions:1) Why would a tenant want to "record" a lease? 2) Why would a landlord want to prevent recording a lease (for instance, tax avoidance or something even shadier)?3) Is it even legal to prevent recording? The apartment in question is in Pennsylvania.Thanks, -steve
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra