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Are your fathers tenants still responsible for payment once he is deceased?
Wiki User
∙ 16y ago
Yes.
Wiki User
∙ 16y ago
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If two people buy a property as joint tenants and finance it through a mortgage company and one of them dies who does the deceased property pass to?
The survivor is automatically the owner of the property and is responsible for the full amount of the mortgage.
Is the landlord responsible for providing tenants storage space?
No.
Is a wife responsible for her deceased husbands medical bills in Wisconsin?
No and Yes. The estate is responsible for the medical bills of the deceased. And since the spouse is normally the recipient of the estate, the bills will affect how much the spouse will inherit. Some of the assets, such as property held as Tenants in the Entirety, becomes the property of the spouse. Other assets may have to be liquidated to pay the bills, including medical expenses and funeral costs.
Is wife responsible for medical bills of deceased spouse in Colorado?
No and Yes. The estate is responsible for the medical bills of the deceased. And since the spouse is normally the recipient of the estate, the bills will affect how much the spouse will inherit. Some of the assets, such as property held as Tenants in the Entirety, becomes the property of the spouse. Other assets may have to be liquidated to pay the bills, including medical expenses and funeral costs.
Is landlords responsible for tenants computer repairs due to a black out?
Generally speaking, no.
What is joint tenancy?
Joint tenancy is actually a term involving ownership of property. The two most common legal forms of property ownership involving two or more people are as "joint tenants" or as "tenants in common." Spouses of one another generally take title as joint tenants, because on the death of a joint tenant the surviving joint tenant automatically becomes the owner of the property. If they had been tenants in common, the deceased person's share would have formed part of the deceased person's estate, which might not have been left to the surviving tenant in common.
Are joint tenants equally responsible for the mortgage?
Yes. Joint tenants are equally responsible for paying the mortgage. However, you should be aware that if the circumstances in the relationship between the parties (mortgagors) changes and one abandons the property, the lender will hold the remaining person solely responsible for paying the entire balance due.
Where do tenants go to report slumlords in lee county Florida?
are landlord's responsible for spraying for bugs
What does tenancy mean?
Joint tenancy is actually a term involving ownership of property. The two most common legal forms of property ownership involving two or more people are as "joint tenants" or as "tenants in common." Spouses of one another generally take title as joint tenants, because on the death of a joint tenant the surviving joint tenant automatically becomes the owner of the property. If they had been tenants in common, the deceased person's share would have formed part of the deceased person's estate, which might not have been left to the surviving tenant in common.
Who is responsible for the clean up of a tree that fell in the yard the renter or tenant?
The people who actually own the house should be responsible for the cleanup of the tree as long as the tenants had nothing to do with it falling down. Sometimes a landlord will reduce a tenants rent if they handle things that are the landlords responsibility.
Is the tenant of a commercial lease responsible for a air conditioning unit?
Commonly, tenants will be responsible for the operation and repairs associated with the appliances used during the lease period.
Does a boyfriend have to buy his deceased girlfriend's other half of owned home to settle the debt credit card debt that shows no will and no common law marriage?
That will depend on how the property was owned. If it was Joint Tenants (with right of survivorship, no) or Tenants in Common (if he wants to keep the property, yes).
