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That would depend on the tax laws wherever you live. -You haven't told us that !
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∙ 11y ago
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Does a mobile home landlord have the right to personal property when mobile home is sold?
The mobile home owner has a right to personal property, NOT the landlord.
Are mobile homes personal property?
A mobile home may be a personal property but this is not obligatory.
Should I declare my mobile home as real property or personal property?
The mobile phone should be declared as a personal property and not a real .property. This is because a mobile phone has a small shelf life.
Is a mobile home classified as personal property?
Yes it is a movable asset, so it could be classified as personal property.
Do you have to list your mobile home as an asset on rental application if the mobile home is personal property?
Yes. It is an asset. An asset includes personnel property you own.
Do you have to pay property tax on a trailer?
Yes, in most states in the United States you will pay either a personal property tax or real property tax on a trailer (also known as mobile home or manufactured home). Each state defines what constitutes personal property or real property as the terms relate to mobile homes but typically a mobile home that is permanently fixed to the site is considered real property. If you own land where a temporary mobile home has been placed you could receive a real property tax bill for the land and a personal property tax bill for the mobile home.
Are mobile homes personal or real property in Canada?
Real estate is land; - the mobile home park in which mobile homes are parked would be real estate, but the mobile homes themselves are not real estate, they are the equivalent of large cars that you can live in. A car is personal property rather than real property, and so is a mobile home.
What happens to all your personal property in your home after chapter 7 bankruptcy?
Generally, these are exempt assets and they remain yours, preumably to take with you.
If you own your home are you homestead exempt?
A homestead exemption can be filed for a mobile home. Check with your town clerk for the procedure. Residential dwellings such as houses, condos, mobile homes are not considered personal property.Examples of personal property are: Household goods, electronics, clothing, jewelry, stocks, bonds, bank accounts and similar assets/items. Some US states have exemptions for such, consult the bankruptcy laws concerning your state of residence to find out what may apply. If the state does not have a set of exemptions then the federal bankruptcy exemptions apply during BK or a creditor judgment action. Please note: Allowable exemptions are based upon the actual ownership of the real or personal property in question. Joint ownership of any kind can change the judgment status of all property, especially when it relates to a married couple.
If there is a battle over ownership of a mobile home can i get insurance on my personal belongings without the current owners permission?
A Tenant's form will cover you own property and liability regardless of the ownership on the premises. It will not provide any coverage on the mobile home or liability as owner of that property.
Is a home personal or real property?
It depends on what you mean by home. If your home is a transportable mobile home installed on a rented lot your home may still be personal property. If you are referring to your private residence that is built on your land then your home is considered real property. Real property is land, any rights that inure to it and anything permanently attached to it.
What is the mobile home called?
Unless you've picked a personal name for it, a Mobile home is just a Mobile home .
