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How does damage to premises rented to you work if you are the owner of the premises or property.?
Wiki User
∙ 10y ago
It doesn't, The owner buys property insurance to protect himself from financial loss in the event the property is damaged by any number of natural or unnatural hazards.
A renter buys renters or tenants liability insurance. It can cover damages to the owners property for which the renter is liable.
It is not possible under the law to be liable to ones self.
Wiki User
∙ 10y ago
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Who is responsible for premises liability the homeowner or property management company?
property owner
Is owner occupied the same as primary residence?
No. Owner occupied means the owner of the property lives in it, meaning it is not rented. Primary residence means the home where you live most of the time. It can be rented or owned.
Do you pay tax for your rented property?
If you're the one renting it... indirectly, in that the owner will charge rent sufficient to cover expenses, including the property tax. If you're the owner... yes, directly.
Does home owners insurance cover damage caused by a renters dog urine on carpet?
A homeowners policy is not the proper policy for property rented to others. It is only for owner occupied dwellings and will not cover damage caused by anything other than a covered cause.
Can a landlord restrict his tenant from keeping a firearm in his rented premisies?
Depends on the law where you are, but in general, no. A tenant is permitted the "quiet enjoyment" of the property- meaning that they have the right to do lawful things on the property that do not damage it. If possession of a firearm is legal, the owner of the property would have no legal right to restrict the tenant from doing a legal thing.
Who needs rental property insurance?
You will need rental property insurance if your are the owner of a rented property. This insurance, in addition to standard household insurance, covers things such a public liability.
If you rented property from the Realtor and now the owner of the property is not returning your security deposit who do you sue the Realtor of the owner of the house?
Look at the lease agreement. Whoever is listed as the landlord, that is who should return the security deposit.
Who is liable for tree root damage?
owener of property tree is on The owner of the property where the tree is on.
Does owner take liability for damage to tenants personal property?
Only if the damage is the fault of the landlord.
What are the documents required for the Registered Office Address?
Rent agreement along with latest rent receipt (in case the premises are rented) House tax receipts (in case premises are owned) Electricity bill NOC from the Owner (Format will be shared once your company name approved).
Is property insurance required on a rented house in Arkansas?
The owner of the property is required to have property insurance if the property is mortgaged or used as collateral in other transactions. This insurance covers the structure, its replacement, accidents or damage that occur on or as a result of the property and so forth. It does not cover the contents of the home that belongs to the renter. The occupant is responsible for renter's insurance, which, depending on the nature of the policy, covers different things. There is no requirement that a renter have renter's insurance. You should, however, make sure the property owner has coverage.
Is it my fault if I hit a chain on private property that had no reflector on it?
Yes. you are responsible for damage to private property. the owner does not have to have a reflector on the chain. its his and he owns it. ok. what you can do is go to the owner accept responsibility for the damage you caused and offer to replace or pay for it.
