there is a RFR as a memorandum to a lease , the lease was for 11 years and ended 2003, when does the RFR end

the RFR was recorded. The Lessee was a Ca. Corp. and the Lessor was a Ca. Corp. Both owned by the same entity. Neither were the owner of the property. Both Corporations no longer exist. the property has been sold and is now for sale again. What effect will this RFR have on a future sale?
In Buying Property - Asked by Patricia T. - Jul 28, 2014
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Answer(s)

Kim B.
Broker/Agent
Columbus, OH

Yes. If the lease was filed it will need to be released before title company will insure. Someone with the authority to sign from the companies will need to release the RFR

Jul 28, 2014
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Michael C.
Broker/Agent
San Leandro, CA

Anything that is recorded will have to be either addressed or uninsured (exception) by the title company.
If there is any buyer financing, the buyers lender will want it addressed-removed or possibly bonded around.
Can you have the seller file an "action to quiet title"? check with a lawyer.

Jul 31, 2014
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