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If you want to rent a home, you need to know how much the rent is, the regulations the house has, and have an inspection on the house.
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∙ 14y ago
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Do you have to pay taxes on free rent?
not if you are renting free from the home owner the home owner has to pay taxes
Does the owner of the rent to own home have to pay taxes on the rent they received?
In general, yes, the owner of a rental property will pay income tax on the rent received.
What is meant by the phrase for rent by owner?
A rent by owner means that the owner of the building or home is renting out the property as opposed to a rental agency or rental broker. Typically rent by owner properties are smaller yet offer better communication and resolutions for the renter.
If a person loses their home to the bank can the person renting that home still rent it?
Well, if the bank forecloses on the home, the bank is now the legal owner of the home, so the renter should probably contact the bank.
What legal issues should a person consider before buying a owner financed house for rent to own?
Before buying an owner financed rent to own home be sure to have the contract checked out by an attorney. It is necessary to know what might violate the contract prior to signing.
What steps are required to list a home for rent by owner?
Steps required to list a home for rent are owning the home before putting it up for rent. Advertising your house, than setting up interviews with people to show it off.
Can the executor charge rent to a person that was living in the home before the death of the owner?
Yes.
Can you rent a house and still paint walls?
Ask the owner of the home. It all depends on who your renting it from.
What are the benefits of a rent to own house?
Rent to own homes allows you to become a home owner with less money down. Depending on the terms it may even give you a rent credit that goes towards the actual purchase of the home.
Do you have to pay your rent to owner who is inforeclosure?
Until the foreclosure sale takes place, the rent is owed to the owner on the rent day.
The home I am renting was recently sold through foreclosure. Do I still pay rent to my landlord?
Definitely not. The previous owner is no longer your landlord, and not entitled to any rent.
When buying a home can you sell the home to another person without letting the owner know?
You would not be able to sell the home without the owner knowing, but unless your mortagage includes a clause forbidding it, you could rent the home to another party.
