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.
The Rooney family are NFL royalty after eight decades in the game since Art Rooney Sr. founded the team in 1933. The team has been primarily owned by Art's five sons since his death in 1988, but their stakes are dwindling. John Rooney sold all but about 1% of his stake to other partners last year and Pat Rooney sold all but 2.5% of his ownership, which he put in a trust for his children in 2009.