Tom Kelly, a spokesman for JPMorgan Chase in Chicago, said that the bank's interest in the property involved a second mortgage and that responsibility for the property's upkeep rested with the primary mortgage holder.
With the future of their communities at stake, local governments have rightly taken defensive actions to ensure that someone takes responsibility for securing property and protecting the health and welfare of neighborhoods and their residents -- from the crime and collapsing property values that accompany abandonment and vacancy.
Raymond, Arnold and Stanley joined the board after the war, Raymond being given responsibility for the property portfolio.
The responsibility for resolving property disputes, those few that are addressed, often falls to city council members or tribal sheiks.
Stewart's departure is a blow to M&S which last week handed him additional responsibility for its property portfolio.
Yet being on the mortgage will help them build their credit and take some responsibility for the property.
The heir to the last owner named on the deed had taken no responsibility for the property and appeared not to want it.
Let's be very clear about where responsibility lies: responsibility for smashing property, or violence, lies with the people who perpetrate that violence and I want to see them arrested and punished in the correct way.
A Allen H. Brill, a Manhattan co-op and condominium lawyer, said that under a typical proprietary lease, the co-op takes no responsibility for any property left in a common area or entrusted to an employee.
The county had planned to use state money to essentially give new mobile homes to families, requiring them, in turn, to take responsibility for the property and pay $425 to rent the land on which the trailers stand.
