Tenants may also want to extend the lease. In either case, a lease extension letter should be written to formally request an extension on the lease. The landlord may use this letter to raise the rent or add new terms to the lease, and the tenant may use the letter to request repairs or other considerations.
Although few depositors realize it, legally the bank owns the depositorâs funds as soon as they are put in the bank. Our money becomes the bankâs, and we become unsecured creditors holding IOUs or promises to pay.
Sears President Robert Wood decided to sell auto insurance to customers by mail. The name Allstate was borrowed from an automobile tire in a Sears catalog. With the backing of Sears, the business took off. Allstate became a publicly traded company in 1993 and totally independent from Sears in 1995. Allstate has approximately 12,000 exclusive agencies and financial representatives in the United States and Canada. It also owns the Esurance brand that sells insurance online along with Encompass and Answer Financial.