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What happens if the property you are renting becomes repossessed?
Wiki User
∙ 16y ago
It depends on what the new owner plans to do with your unit. You can ask the current owner if he knows.
Wiki User
∙ 16y ago
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What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
When you rent and the house is gettin repo?
If the property is being repossessed, you should expect to have to vacate. That is because the owner no longer has control of the house he is renting to you. Alternatively, you can try to call the lender and make new arrangements.
What is the definition of landlord?
A property owner who is renting the property out to people to live in.
What is renters insurance and why it is needed?
Renters insurance is for a person who is renting the place where they live. It protects your property if something happens to that place, such as a fire, flood or theft. Without it, only the owner of the property is covered.
When renting do you pay property tax?
It depends...
What is the law of renting land for 20 years and your right to own the land?
You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.You have no right to ownership of real property by renting it for 20 years unless you had a written agreement with the owner that you were renting to own and you have met the conditions in the contract.
What are the main advantages of renting versus owning?
The Main advantage of renting opposed to purchasing a product or a property is that you don't have to deal with selling it or it's quicker to move on or pass on the property.
Doeslandlord have to notify tenant if selling the property tenant is renting?
No.
What are the advantages of renting commercial property over buying commercial property?
Renting commercial property versus buying it is going to be the most affordable route and thus the most profitable. If buying is an option, then of course it would be a good investment.
Buying property versus renting property?
Buying and renting properties are totally different. Once you buy a property, you own it permanently. And the responsibility to maintain and manage them is all yours. When you are using a property under rent, you would be liable for uncontrollable expenses and obviously, you don't have ownership to it.
Can you modify your first home if it is an investment property?
That depends on if you will be renting it out and what their taste is.
What is involved with renting commercial property?
To rent commercial property legally, you would need to obtain a lease and a permit. For more information about how to accomplish this and more about what is required, visit www.landlordzone.co.uk/renting-business-premises.htm
