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If one tenant in common did not pay taxes on real estate for over 30 year does the other tenant in common have any recourse?
Wiki User
∙ 11y ago
You can try to sue in a court of equity. You would need proof that you paid the taxes and the court could not go back for the full thirty years. The statute of limitations would be much shorter- three to five years in most cases. You need to consult with an attorney who can review your situation, determine what your options are and draft your complaint if you decide to sue.
Wiki User
∙ 11y ago
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What is another term for real estate?
Other words that can describe real estate are: land, real property, realty.
What is suborination and non disturbance agreement?
The correct term is "subordination". This is an agreement signed by a tenant and landlord of commercial property which is a recognition on the part of the tenant that the lease is subordinate to any mortgage which the landlord has or may in the future place on the property. Lenders sometimes want this so that the tenant recognizes that the lease does not have priority over a mortgage granted by the lender. The non disturbance agreement generally signed by the lender and/or landlord which indicates that so long as the tenant is not in default of the lease, the possession of the tenant will not be "disturbed" or in other words, the tenant will be allowed to remain in the premises even if the landlord should be in default of the mortgage.
Transfer real estate property by will?
The transfer is done by the executor of the estate once the estate is settled. The will indicates who gets the rights in the property, but they are still subject to mortgage and liens and other items.
Is there another word for farm and estate?
no there is no other name of farm
What real estate site provides condos for sale in the NJ area?
Coldwell Bankers, Weichert, Realtor, and several other Real Estate Sites offer listings for condos. Zillow has listings by real estate brokers and real estate agents.
Do I have any recourse if I was evicted for having an unauthorized pet at a no pets allowed property where at least one other tenant has a pet and was not evicted?
Probably not. The other tenant's situation has nothing to do with you.
Is Joint Tenant the same as right of survivorship?
Yes, joint tenancy and right of survivorship are closely related concepts. Joint tenancy refers to multiple owners holding equal shares of a property with a right of survivorship, meaning that when one owner passes away, their share automatically transfers to the surviving owner(s).
Is the estate responsible for upkeep of the property?
Yes. Unless there was some other arrangement made in the will such as a life estate where the life tenant is responsible or the beneficiary is made responsible.
What Life estate is measured by the life of a person other than the life tenant?
In NC if the life estate person moves out does that break the life estate so the remainder of the owners can sell the the house and land
What does life estate reserved mean on a warranty deed?
That means the grantor, or some other person named by the grantor, has the right to the use and possession of the property for the duration of their natural life. The life estate can only be released by the life tenant in writing or by the death of the life tenant.
How is the length of a life estate measured?
The length of a life estate is measured by the duration of the life of the holder of the life estate. It lasts for the lifetime of the individual specified in the legal documentation creating the life estate.
Where tenant in common dies can surviving tenant obtain court order to prohibit estate of deceased from equal access to house?
No,when a tenant in common dies the remaining tenant cannot stop equal access as the property remains equitable.No one person is entitled to exclusive title or use,both respective owners have full use of the whole in common with the other.Clarification: No. The heirs of the deceased now own her share of the use and the possession of the whole property. They are now the other owner. Answer Visit an attorney to resolve this as soon as possible. Until the will is read, there should be no removal of personal items from the home--although many relatives are shameless in this matter. Even in the sense that the person was only a tenant in common, it is their home and it should be regarded as such.
Can a person who is a tenant in common convey their interest without the consent of the other tenants in common?
no they can not because it is not your house unfortunatley
Can the life tenant release the life estate?
A life estate is not a fee interest and a bank will not loan money on real property unless it can take the property by foreclosure in the case of a default. The fee owners (or remaindermen) would need to consent to the mortgage. The exception is the "enhanced life estate" available in Florida and few other states whereby the life estate holder has the power to sell and mortgage the property during their life.
Can a life estate owner leave the property by will prior to the death of the grantor?
No. The grantee of a life estate cannot leave the life estate in a will because a life tenant doesn't own the property, only the right to use it during their life. The life estate ends when the life estate owner dies. That's why it is called an estate for life. After the death of the life tenant there is nothing left to devise by a Will.Sometimes the owner of land simply grants a life estate to another party. In that case the grantor still owns the property subject to the life estate. When the life tenant dies the life estate is ended and the grantor still owns the property. In other cases the owner transfers the property in fee to new owners but reserves a life estate to herself or some other person. In that case the property is no longer owned by that grantor at the time of the grantor's death and so does not become part of the estate. In that respect, a life estate deed is an estate planning tool.
Can a life estate be revoked if the life tenant moves to a nursing home and the current tenant refuses to pay expenses?
Probably, given the cited circumstances. Some life estates are "determinable" meaning it automatically ends upon the occurrence of a specific event, other than the death of the life tenant. There are also those which are "condition subsequent", meaning the land is granted for a specific purpose, such as farming. A life estate can also be given to the life tenant for the life of some other person (estate pur autre vie). One of the constants of a life estate is, the tenant(s) cannot squander the property and must pay all expenses, taxes, utilities an so forth, unless there is a directive that states otherwise. The biggest factor obviously would be, if the person is a named life tenant and therefore has occupancy rights.
Can someone other then the life estate holder take a mortgage out on the property without the life estate holders permission?
No. Only the fee owners can mortgage the property and they can only do so with the written consent of the life tenant.
