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Are there any circumstances where a life tenant can abandon the property to live in a more affordable out-of-state residence?
Agammons
Yes. The life tenant can release their interest by executing a deed to the fee owner stating that the purpose of the deed is to release the life estate.
Yes. The life tenant can release their interest by executing a deed to the fee owner stating that the purpose of the deed is to release the life estate.
Yes. The life tenant can release their interest by executing a deed to the fee owner stating that the purpose of the deed is to release the life estate.
Yes. The life tenant can release their interest by executing a deed to the fee owner stating that the purpose of the deed is to release the life estate.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes. The life tenant can release their interest by executing a deed to the fee owner stating that the purpose of the deed is to release the life estate.
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Can you have two different insurance polices on different addresses for one individual?
Sure. Tell the insurance companies the circumstances. One will be your primary residence and the other is a secondary residence or a rental property or whatever the circumstances.
Under what circumstances can a judge set aside a homestead exemption?
If the property is not used as a primary residence of the debtor, if the property has not been properly registered by a declaration of homestead and in rare cases if the titling of the property is 'faulty'. There can be other instances where the homestead exemption cannot be used to protect property depending upon the exact circumstances of the attempted execution of the perfected lien.
Is profit from selling a home taxable?
It can be, but there are many extenuating circumstances. Is it your primary residence, how long did you own the property, is it an estate..... I would check with a tax attorney specializing in residential sales
How would a person find the interest rates for a rental property loan?
The interest rate depend on the state of the residence. Usually these are currently at the 3.3% rate and up dependent on circumstances and demographics.
What is adjective form of residence?
The adjective form for the noun residence is residential, for example residential property.
Short sale tax liability?
Much of whether there is tax liability of a short sale depends on whether the home was a primary residence or not. In most circumstances you will not pay taxes on a short sale if it was your primary residence. This is because of a law that went into effect called the Mortgage Debt Relief Act. If the property was an investment and not a primary residence you may have to pay taxes.
Is your personal property covered under a homeowners policy while in a storage facility?
In my opinion yes. As long as your personal property is stored in a location that is not a residence or could be considered a residence.
What is the difference between real property tax and real estate tax?
real estate tax is applied to the residence in which you live and the land that it resides on. Property tax can extend to all personal property, which includes your residence as well as other things such as your car. Often however, these terms are used interchangeably.
What laws cover life use of property owned by another?
The law of the state in which the property is located, for real property, or for personal property, the law of the owner's residence.
Is personal property insured if stolen from another residence?
doint know
How close to my residence can a farmer keep livestock and machinery?
Absent any local municipal codes against it, as close to your residence as his property is.
Is the White House public property?
Of course it is. As the official residence of a public official, the White House is a public property.
