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No Yes, however you will can be held responsible if you break the terms of the agreement you have with the tenants on the property when. reposesion proceedings startagainst you.
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∙ 15y ago
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Are you able to collect rent when in jail in monopoly?
do you have to pay rent when you are in jail for baconopoly
How can you use mortgage in a sentence?
Mr James had to take mortgage to pay his rent in two weeks time.
Does a renter have to pay rent if a landlord isn't paying the mortgage?
The property is in CA.
Should you continue to pay rent if homeoner is in foreclosure?
If the landlord still has control over the property he can still collect rent-- and evict you if you don't pay.
What percentage of your income should you pay for rent?
To keep yourself financially stable, it is suggested that you keep your rent or mortgage payment 30% or less of your take-home pay.
If you buy a house do you have to pay rent?
If you purchase a home you have to pay a mortgage which is a repayment of a loan you used to purchase the house. Paying rent is when you sighed a leasing agreement for an apartment you are renting.
How can a landlord collect rent when a tenant files bankruptcy?
Bankruptcy has nothing to do with the tenant. If a bank forecloses on the mortgage, US federal law requires the bank to give the tenants a 90 day notice to quit, if they want the building emptied. But, it could be that the landlord will survive the bankruptcy, and there will be no foreclosure.
How long can you mortgage property in monopoly?
when its your turn you can mortgage a property so long as you own the property and it has no houses or hotels on it. to mortgage it you just flip the card over and take from the bank however much it says the mortgage is worth (this is always half the value of the street). people who land on your street when it is mortgaged do not have to pay the rent. you can unmortgage your street when it is your turn again and if you sell or trade the street to another player when it is mortgaged then that player must adopt the mortgage and pay it themselves.
What does dss mean when renting?
department of social security. these are the nice people who pay your rent or mortgage for you if you are out of work.
Where can I learn more about the differences in buying a home versus living in a condo?
If you live in a home, you have greater freedom of expression and no rent, but you do have to pay mortgage. For condos, you have to pay rent and have limited freedom of expression, but you do not have to pay most utility bills.
Does my boyfriend have right to claim half of your house if you are not married and separate after 15yrs?
Unless he helped pay for rent or mortgage, NO!
Do you pay a mortgage like rent in advance?
Mortgages are almost always paid in arrears (I'm not sure if this is a legal requirement, or just the way it's done). This means your mortgage payment is for the month just past, instead of the month coming up. When you pay rent, you never own or have a financial interest in the property. With a mortgage, you will (eventually) own the property outright.
