0
Can a LIFE tenant sell the property if she cannot afford to pay utility bills?
Wiki User
∙ 9y ago
The life tenant may be able to sell her interest in the life estate however, the term would still depend on her natural life. Upon her death the life estate is extinguished. Also, she will be responsible for any waste or damages to the property caused by her assignee. She should consult with an attorney who specializes in real estate law who can review her situation and explain her rights and options.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is is tenant credit check?
A tenant credit check is what a landlord can request before they agree to let you rend their property. This is to ensure you have a good credit rating and can afford the rental payments.
Can you bequeath property you own in a joint tenancy to your heir in a will?
If you own property as a joint tenant with the right of survivorship, you cannot leave your share of that property to your heirs. It will pass automatically to the surviving joint tenant by operation of law.
When a life tenant dies with a will and property is willed the children is that property part of the estate?
A life estate expires when the life tenant dies. A life tenant doesn't own the property, it doesn't become part of their estate and therefore they cannot leave it to their heirs in their will. When a life estate is set up in a deed or will there is also a 'remainderman' who will own the property when the life tenant dies.
Can a lien be placed on a house from a bank debt from a tenant?
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
Can a tenant insured rented property?
Usually your renter's policy covers whatever you bring into the property that does not become a permanent part of the property. Your renter's policy cannot cover property that belongs to the landlord.
A couple who owned property as joint tenants got married and then divorced. Can one convey their share of the property to anyone else?
Yes. A joint tenant can convey their interest in real property and thus break the survivorship rights of the co-tenant. A tenant-by-the-entirety cannot defeat the survivorship rights of the co-tenant. In most jurisdictions, a divorce would automatically convert a T by E to a tenancy in common.
Can a remainderman lease property of a lifetime estate to a leasing company without the life tenant's consent?
No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.
Does joint tenancy supercede a will?
Yes. Property that is owned as joint tenants with the right of survivorship passes automatically to the surviving joint tenant bypassing probate. A co-owner's interest cannot be gifted by a will.Yes. Property that is owned as joint tenants with the right of survivorship passes automatically to the surviving joint tenant bypassing probate. A co-owner's interest cannot be gifted by a will.Yes. Property that is owned as joint tenants with the right of survivorship passes automatically to the surviving joint tenant bypassing probate. A co-owner's interest cannot be gifted by a will.Yes. Property that is owned as joint tenants with the right of survivorship passes automatically to the surviving joint tenant bypassing probate. A co-owner's interest cannot be gifted by a will.
Can you inherit from a survivorship deed?
No. Property owned by virtue of a survivorship deed passes automatically to the surviving joint tenant on the deed, bypassing probate. Upon the death of that surviving joint tenant, the property would pass to their estate and would be distributed under the terms if their will or according to the state laws of intestacy if there is no will.No. Property owned by virtue of a survivorship deed passes automatically to the surviving joint tenant on the deed, bypassing probate. Upon the death of that surviving joint tenant, the property would pass to their estate and would be distributed under the terms if their will or according to the state laws of intestacy if there is no will.No. Property owned by virtue of a survivorship deed passes automatically to the surviving joint tenant on the deed, bypassing probate. Upon the death of that surviving joint tenant, the property would pass to their estate and would be distributed under the terms if their will or according to the state laws of intestacy if there is no will.No. Property owned by virtue of a survivorship deed passes automatically to the surviving joint tenant on the deed, bypassing probate. Upon the death of that surviving joint tenant, the property would pass to their estate and would be distributed under the terms if their will or according to the state laws of intestacy if there is no will.
What can a Landlord lien of a Tenant's to recover Property Damages in Florida?
To receover property damage in Florida the landlord must file a suit against the tenant. If the landlord wins he can collect using usual means of collecting on a judgment. If the tenant has property then a lien can be placed on it to satisfy a judgment. But if the lien is on a primary home then he cannot be forced to sell the home per homestead laws.
Doeslandlord have to notify tenant if selling the property tenant is renting?
No.
What is a overlease?
An overlease is a lease agreement between a tenant and a subtenant, where the subtenant leases the property from the tenant who is already leasing the property from the landlord. It allows the original tenant to sublet the property to another party.
