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What happen when both tenants are dead?
When both tenants of a rental property are deceased, the lease typically terminates automatically. The landlord must then follow local laws regarding the handling of the property, which may involve notifying the estate of the deceased tenants. The landlord may also need to secure the property and potentially initiate eviction proceedings for any remaining occupants. Additionally, the deceased tenants' belongings may need to be dealt with according to probate laws.
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 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 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 it legal for a landlord to charge tenants for plumbing repairs?
Yes, it is generally legal for a landlord to charge tenants for plumbing repairs if the lease agreement specifies that tenants are responsible for such repairs.
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.
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.
