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Can you report tenants to the credit agencies for late payments or destroyed property?
Wiki User
∙ 18y ago
No, you can,t. It is unfortunate especially if they cause damage or owe you money.The only thing you can do to recover any loses is take the tenant to small claims court.
Wiki User
∙ 18y ago
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Are the property taxes part of CAM chrarges to the tenants?
See linked related question:
How are real estate taxes on property owned as tenants in common applied to tax returns?
Either one or the other can take the property tax deduction. Or you can split the property tax 50/50 on your Schedule A or in any combination you choose as long as the deduction does not exceed the total amount paid to the town/city.
If you move and then rent your house at what point can you start making deductible repairs?
You can make deductible repairs right after you move out to prepare the house for tenants.
What is business income and extra expense about?
Business Income replaces your lost business income in the event of a covered loss. In regards to an apartment building insurance for example, if there is a fire and the tenants have to move out while the contruction is being completed, you will be compensated for your loss of business income. The extra expense can be used to place your tenants in temporary housing, and may include moving expenses. Check out my website for more details!
What is an accurate description of accrued revenue?
Accrued revenue is income that has been earned but not yet received. An example would be if you own a rental home and the rent is due on the 1st but your tenants do not pay until the 10th of the month.
How do you get all property to the surviving spouse in a common property state?
You should title all property as joint tenants with the right of survivorship or as tenants by the entirety.You should title all property as joint tenants with the right of survivorship or as tenants by the entirety.You should title all property as joint tenants with the right of survivorship or as tenants by the entirety.You should title all property as joint tenants with the right of survivorship or as tenants by the entirety.
Is there a law that states that if a tenant is renting a home and the landlord declares bankruptcy and is abandoning the property to the mortgagee then the tenants can make payments to the bank?
There's no law that says the bank has to take the tenant's money. However, the Federal Protection of Tenants in Foreclosure Act requires the bank to give tenants 90 days to vacate.
What is an vacant property without tenants called?
vacant, without tenants called
Today renting a property is one of the important sources of income for landlords. What are steps for screening tenants before signing a lease or agreement?
While renting your property, you need to ensure that your tenants are qualified for handling or residing in your property. Screening tenants helps you to get qualified tenants and you will get an opportunity to know your tenants better before signing lease or rental agreement.here are steps for screening tenants.
Does Canada allow Tenants by the Entirety?
Which states have Tenants by the Entirety on property? Does New Mexico have it?
What is the difference between Property owner's liability and Tenants liability?
Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa
Can a co owner sell his share with the consent of other?
Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.
Could I deed a property to my son without my husband's consent We are joint tenants with survivorship?
Yes. If you own as joint tenants you can convey your interest to your son. He would then own the property as tenants in common with your husband. If you live in a community property state the answer may be different. You should consult with an attorney.
Both parents die with property in tenants of entirety do heirs receive the property?
Yes.
Who pays the utilities that are related to life estate property?
The current tenants of the property in question.
When does residential property fall outside a decedent's estate?
When it is owned as tenants by the entirety or joint tenants with another person.
How should you title property if married?
Property owned by married people should be acquired as tenants by the entirety. The next best form would be as joints tenants with the right of survivorship.
