Nothing. A "life tenant" is simply the owner for the rest of his or her life, regardless of where he or she lives. One would presume the nursing home will let you (or somebody) know when they no longer believe the "life tenant" is alive.
You can have the tenant quit claim their rights to the property. Or sell the life estate to the remainderman.
If you pass away in a nursing home and you were receiving benefits from Medicaid, the state may seek to recover the costs of your care from your estate, which could include your property. This process is known as estate recovery. However, there are rules in place to protect a surviving spouse or certain dependents from losing their home. It's advisable to consult with an estate planning attorney to understand how your property may be affected in such a situation.
Well, what do you mean by Landlord Insurance? There is property insurance and Tenant or Renter's Insurance. The former covers any damage to the property by a storm, fire, burglary, etc., but not anything inside the unit, meaning, anything owned by the tenant. That's what Tenant insurance is for. Tenant insurance covers any property of the Tenant, in and out of the home (out of the home is generally covered by only 10 %); property damage by the Tenant, either while living there or upon moveout; and medical care of up to about $1,000 to anyone who gets hurt in your home. It also covers loss of use of the home to a certain amount, which helps you with lodging and moving costs should you need to stay out of the home.
The answer depends on how they held title to the property. If they owned the property as joint tenants with the right of survivorship then wife is the sole owner of the property. It will pass to her heirs at law upon her death.
If it's government run, then it can be considered public property.
The home owner of course. Tenants have tenant´s rights such as 30 day notice before eviction etc., but the home owner owns it.
The homeowner has no right to keep her tenant's property unless there was an agreement giving her that right. The tenant could file an action in small claims court to have the property returned.
To receover property damage in Florida the landlord must file a suit against the tenant. If the landlord wins he can collect using usual means of collecting on a judgment. If the tenant has property then a lien can be placed on it to satisfy a judgment. But if the lien is on a primary home then he cannot be forced to sell the home per homestead laws.
If the tenant damages the property he is liable for such damages. The Landlord may or may not have his own insurance for this purpose but the tenant is liable. If the Tenant has his own insurance (Renter's Insurance) then the Tenant may file a claim and damages will be covered by that insurance.
yes and no...it depends on the type of home the resident is placed in..
This sounds like a real mess. It sounds like two joint tenants own a piece of property in common with one having the mortgage in his name. The other joint tenant has a piece of property that has a home equity loan about to go into default. In one state the joint tenant with the home equity in default would lose that piece of property. It would not affect the piece of property he or she owned with a different person.
Yes, it sure does. Any time a text makes any kind of home improvement that is irreversible, the home improvement becomes part of the property, which belongs to the landlord. The tenant may reverse such an improvement IF he can restore the property to the way it was - without any damages - before the home improvement was made.