Fort Worth Texas Consent of Corporation to Assignment of Proprietary Lease and Consent to Membership

State:
Multi-State
City:
Fort Worth
Control #:
US-03490BG
Format:
Word; 
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Description

An apartment cooperative will typically involved a corporation renting apartments to people who are also owners of stock in the corporation. The apartment complex is owned by the corporation.


Two basic documents are ordinarily involved in the transfer of a member's or stockholder's interest in a cooperative apartment corporation: (1) an agreement for the purchase and sale of the proprietary lease and the appurtenant membership or stock; and (2) the instrument of assignment.


The agreement of purchase and sale is similar in format to an agreement for the sale of real property. The seller agrees to assign all rights under the proprietary lease covering the unit, and to sell the membership or stock in the corporation. The seller also agrees to procure the consent of the corporation to the transfer if this is required in the proprietary lease. The purchaser agrees to pay the purchase price and to submit references to the corporation and otherwise cooperate in procuring its consent to the transfer, and also promises to execute an agreement in a form approved by the corporation by which the purchaser assumes and agrees to be bound by all covenants and conditions of the proprietary lease.


The instrument of assignment does not differ materially from an ordinary assignment of a lease of real property, except that the assignor's interest in the membership or stock in the corporation is assigned together with interests under the proprietary lease. Ordinarily, the assignor declares that there are no liens or other claims outstanding against the lease or the shares to be assigned, that there are no undischarged bankruptcy proceedings or unsatisfied judgments or tax liens outstanding against the assignor, and that the assignor has full right and authority to assign the lease and shares.

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FAQ

To file a police report, search online for the local law enforcement agency's contact information where the crime occurred. Most local law enforcement agencies accept anonymous tips or crime reports online or by phone. To learn more, contact your local police department.

Citizen Online Reporting System or using the kiosk at any Dallas Police substation; By mail, addressed to Financial Investigations Unit, 1400 Botham Jean Blvd, Dallas, TX 75215; By e-mail at forgery-dpd@dallas.gov; In person, at any Dallas Police Substation or Headquarters.

Complaints may be filed electronically, by mail, fax, or in person at the City of Fort Worth Human Relations Unit located at 818 Missouri Ave., Fort Wo1th, Texas 76104; (817) 392-7525, Fax: (817) 392-7529.

When you need a police report, you may contact the local law enforcement agency that responded to the accident or get it from the Texas Department of Transportation (TxDOT).

To access this service, please visit or search keyword ?Reports? on the Fort Worth Police Department's website.

Using this online citizen police report system allows you to submit a report immediately and print a copy of the police report for free. You can use the online Report Search engine to obtain a copy of a report already filed, or the Accident Report search engine to obtain a copy of an accident report.

Ross Martin. Texas law states you must file a police report if the accident resulted in physical injury (or death) or property damage exceeding least $1,000. If your daughter is filing an uninsured motorist claim (i.e., a hit and run), I recommend filing a police report.

Out on the town, heading to work, or visiting a friend? Report by cell phone by using the MyFW texting or My FW App, is the official app for residents and visitors to quickly and easily report issues to the City of Fort Worth, 24 hours a day 7 days a week.

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Fort Worth Texas Consent of Corporation to Assignment of Proprietary Lease and Consent to Membership