I think he can only claim homestead if his name is on the mortgage, he is considered a renter and you therefore are getting the homestead rebate, so you can offer him part of that rebate. your tax rate is decreased by the homstead rebate, and there is only one rebate on one home/ Absolutely can. The amount of rebate a renter gets is based on 18% of the rent he claims as paying. See link provided.
The property is in CA.
I don't think you can under the privacy laws today.
Whether the mortgage is late is none of the renter's business: it's a matter between the landlord and his mortgage lender. The mortgage lender will not discuss business with any other than its client. As long as the landlord has control of the property-- regardless of foreclosure status-- the rent will alway be collected by him and he can evict you if you don't pay.
what is the standard amount of time a renter can be late one month what is the standard day a renter can be late?
The homophone pair for "renter's boundary" is "tenant's fence."
how do i fill for renter credit is there renters credit
Rent to own houses can be the best way for a first time home owner to transition from renting to ownership. In most cases, the financial burden is shifted slowly from the owner to the renter, which makes it a smooth and simple transition. Affordable Payments In a rent to own agreement the renter usually assumes at least a portion of the mortgage payment that the owner makes on the property. Unlike a traditional mortgage payment, however, the renter is not responsible for repair to the house. The renter is also free from the responsibility of paying insurance or taxes on the property until they become the owner. This keeps the monthly payments lower and more affordable for many people who may not have the funds to purchase a property outright immediately. Every rent to own contract is different, but most provide an easier financial burden on the renter. Gradual Preparation for Ownership Rent to own houses give the renter an opportunity to see what eventual ownership may be like, while providing the owner a steady way to keep up mortgage payments. Depending on the agreement, the renter may assume more of the ownership responsibilities as time passes. The owner may have the opportunity to complete the sale at any point during the agreement, as well. While the rental agreement is in place the renter can use the time and lower monthly payments to make financial arrangements for when they will eventually assume all of the ownership responsibilities. Immediate Investment in the Property When you enter into a rent to own agreement as a renter, you feel an immediate sense of ownership. In these cases the renter generally has permission to make any changes to the house and landscape at any time. Owning a home feels very different than renting a home, which means that a rent to own home is usually better cared for during the rental period than a standard rental home. The renter can make plans for the future of the property as if they were already the owners from the moment they enter into the rent to own agreement. This situation tends to benefit both parties a great deal.
If there's a renter, that's a contract.
Sure she owns the property now and the renter is a squatter since they haven't paid rent. She has all the legal right to remove the renter. She should give them the benefit of the doubt since there are no records, but at the same time give them thirty days written notice that they need to move out. Renters should always keep a photo copy of the money order they use to pay rent, get a receipt and never pay just in cash. Keeping these records can help obtain a mortgage later or show vested interest if they are renting to buy a property.
Renter's insurance Renter's insurance
If you are the Rent-ie (The person who is renting from the owner) or the Renter (The person who owns the property) Rentie- Nothing Renter- Its like a normal property.
After you purchase the property you can give the renter a 30 day notice to evacuate the property.