Posted by james on June 13, 1999 at 02:55:29:
If you know the answer to this: A prior owner sold property to 6 individuals as tenants in common, as it reads on the deed. The prior owner then assigned the rents and leases to a realty co. that the 6 individuals are partners in.
Can the realty co. be named on the MDR as owner on line 5, with two of the partners listed as responsible persons because the realty co has the assignment of deeds and rents? The realty co. is not on the deed and there is no DBA on the partnership or deed.
Much appreciated if you know an answer. Which administrative code or law explains that the owner on the MDR has to be the names on the deed? Can an entity like the realty co. which has leases and rents assigned to, be owner on an MDR?
The managing agent is one of the partners.
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