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.
Are my deposits protected if my bank is not a member but is owned by one? A: Some of our member institutions offer depositors the option to purchase eligible deposits through their trademark company or directly through the CDIC member that own the trademark. If this is the case...