What's that mean? Do you mean never RECORDED? In deed records?
No doc, repeat NO DOC has to be recorded to be valid or legal. Some docs, like a lease for year or longer, have to be notarized to be legal in some states, but no recording requirements to my knowledge, in any US jurisdiction.
I personally prefer not to record a L/O I"m doing as the landlord/seller, and for this reason normally elect to not have it notrarized...so it then cannot be recorded.
Further, FYI, recording is for the purpose of putting something on public records so whole world knows of it...which I normally want when it's my rights I want world to know about...so the other guy can't go around me, ignoring my written rights.
But when I"m selling on L/O, I'd just as soon it's not recorded, so if/when the tenant/would-be-buyer defaults and gives the RE back to me, the records aren't cluttered up with the old, defunct L/O.
"never registered"
What's that mean? Do you mean never RECORDED? In deed records?
No doc, repeat NO DOC has to be recorded to be valid or legal. Some docs, like a lease for year or longer, have to be notarized to be legal in some states, but no recording requirements to my knowledge, in any US jurisdiction.
I personally prefer not to record a L/O I"m doing as the landlord/seller, and for this reason normally elect to not have it notrarized...so it then cannot be recorded.
Further, FYI, recording is for the purpose of putting something on public records so whole world knows of it...which I normally want when it's my rights I want world to know about...so the other guy can't go around me, ignoring my written rights.
But when I"m selling on L/O, I'd just as soon it's not recorded, so if/when the tenant/would-be-buyer defaults and gives the RE back to me, the records aren't cluttered up with the old, defunct L/O.
Thanks so much. You have answered my question. Have a great day!