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That depends entirely on the lease agreement...it could be either side.
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∙ 14y ago
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Who pays taxes?
50 % of wage earners pay no taxes!!
When I die who pays my taxes?
your estate.
A Plan where the government pays out more money than it takes in with taxes is called?
"A plan where the government pays out more money than it takes in with taxes"
Why would a lender pay the homeowner insurance?
Actually, the home owner pays the home owner's insurance. The lender has an escrow account. This is in additional to the payment of interest and repayment of principal. The escrow account pays the taxes and insurance. The escrow account pays the taxes so the government does not seize the property. The homeowners insurance pays in case the house burns down. So, you pay into the escrow account, and if your house burns down, the lender gets the insurance money. You would not pay a mortgage on a burned down house and the bank knows that, so they have you pay into the escrow account and they pay for the insurance.
Who normally pays all the mortgage closing costs in a no cost refinancing situation?
When in a no cost refinancing situation the person who has the mortgage actually pays for them however they are built into the financing or mortgage itself.
Does a renter of a house have to pay property taxes on it?
The answer technically is "NO" because the owner of the house pays the taxes. However, if it is stated in the lease that the renter signs, and the owner charges the property taxes, the answer would be yes. But, technically the owner legally pays property taxes on their home. If a renter signs a lease with this worded as such, the owner is scamming you and your rent will be higher than it should be. Do not sign it!
Who pays property taxes on lease to own property?
Normally the taxes and insurance are included in the payment.
Who pays the taxes in a lease option?
The Seller is to pay the taxes until the deed/title has been changed over to lessee/buyer name
Who pays taxes if house is in a family members name?
Hopefully, this is one thing that you would have agreed upon when you made this living arrangement or have put it into a written lease. The government will be glad to accept the taxes from whoever pays them. If nobody pays them, penalties and interest are added to the taxes. And if it lasts long enough, the house will be sold at a tax sale and all of you will lose the house.Unless the person who owns the house WANTS to lose the house, he or she should make sure the taxes are paid. You can decide among yourselves who is going to do it.Note: The legal or beneficial owner is the only one who can take a federal income tax deduction for real estate taxes paid. If someone else pays it, neither party will get to take a deduction.
Industrial gross lease?
An industrial Gross Lease is an arrangement where the tenant pays rent plus a share of services. Taxes and insurance are already included in the base rent.
Does tenant has to pay utilities charges Under triple net lease .?
Triple Net Lease - with a triple net lease the tenant pays a base rent, taxes, insurance and also any charges for repairs and maintenance of the property.
Who pays tenant utilities on a full service gross lease?
Full Service Lease - Landlord pays all Gross Lease - tenant pays electricity if it is individually metered. Landlord pays all other expenses.
What is difference between NNN lease and gross lease?
In a NNN lease the tenant (person leasing the property) is liable for the taxes, insurance, and CAM (Common Area Maintenance) expenses. In a Gross Lease, the tenant pays a fixed amount of rent to the Landlord and has no other expenses to pay.
Who pays taxes house is in his name but you live in it?
Hopefully, this is one thing that you would have agreed upon when you made this living arrangement or have put it into a written lease. The government will be glad to accept the taxes from whoever pays them. If nobody pays them, penalties and interest are added to the taxes. And if it lasts long enough, the house will be sold at a tax sale and all of you will lose the house.Unless the person who owns the house WANTS to lose the house, he or she should make sure the taxes are paid. You can decide among yourselves who is going to do it.Note: The legal or beneficial owner is the only one who can take a federal income tax deduction for real estate taxes paid. If someone else pays it, neither party will get to take a deduction.---------------------------------------------------------------------------------------------------Just to clarify for the person above, if you DON'T want to lose the house you should pay the tax. Hey, if you haven't decided who is paying yet, why don't you pick your next door neighbor! What a concept!
Who pays the taxes on a house that is left to a beneficiary if the will is still ongoing?
It is up to the executor of the will to keep taxes, insurance etc. current.
Who pays senators and representatives?
All members of the House of Representatives and the Senate are paid in full by the U.S. Treasury, which ultimately gets its money from the tax payers.
is their an age limit on who pays fica taxes?
is there an age limit on who pays fica taxes
