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Will the council offer you money for you property so you can end the tenancy to have a deposit for a mortgage if you are a council tenant?
Wiki User
∙ 12y ago
Wiki User
∙ 12y ago
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Why does a landlord join a tenancy deposit scheme?
A landlord joins a tenancy deposit scheme because, under the United Kingdom Housing Act of 2004, all landlords who take deposits for assured tenancy must join a tenancy deposit scheme. This acts as a safeguard in case the tenant damages any property; it also keeps disputes between landlords out of the courts.
Can landlord after 7 years keep deposit?
Your landlord can only keep your deposit if your cause damage to the property outside of normal wear and tear, which, after seven years of continuous tenancy, would be quite difficult to prove unless he is meticulous about maintenance of the property. The longevity of your tenancy has nothing to do with whether your landlord can keep your deposit.
Can a landlord ask for first and last month rent plus security in North Carolina?
Under the Tenant Security Deposit Act, a landlord of a residential rental property can collect a security deposit of 2 weeks' rent if the tenancy is week to week, 1 1/2 months' rent if the tenancy is month to month, or 2 months' rent if the tenancy period is greater than month to month (such as a yearly tenancy). The Act also allows the landlord to ask for a "reasonable" non-refundable pet deposit.
What does tenancy by the entirety mean in Florida?
Generally, and in Florida, a tenancy by the entirety is a special joint tenancy reserved for legally married people. They own the property with the unseverable common law right of survivorship. If one dies, the other automatically owns the property. With a general joint tenancy with the right of survivorship the tenancy can be broken by one of the parties and it will transform into a tenancy in common. The right of survivorship within a tenancy by the entirety cannot be severed by one of the parties. One may not sue the other to Partition the property. A creditor of one may not claim the property or the proceeds of sale. In Florida, the signature of both spouses is needed to sell the property and one cannot sell their interest alone. Both are required to sign a mortgage or any other type of contract.
How do you buy land as a group?
When you purchase land with a group of people you can choose the tenancy by which the title will be held. With a joint tenancy the interest of a deceased member passes to the surviving members of the group. With tenancy in common the interest of a member passes to their heirs. With either, each owner has the equal right to the use, possession and profits of the property. If there is a mortgage each member is fully responsible for paying that mortgage. If one doesn't pay the others will need to make the payment regardless or the property will be taken by foreclosure.
You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?
You own the land subject to the mortgage.
You used to live with friends you paid the deposit when you all moved in of 595 you have since moved out but your friends still live their is it possible to get the deposit off the letting agents?
In the UK it largely depends on what was on the tenancy. If your name was on the agreement and you gave proper notice to end the tenancy - the old deposit could be refunded, a new tenancy signed with the remaining tenants and a new deposit paid. The deposit should be retained by the agent in any event in a deposit protection scheme to ensure everything is above board.
Property held as a tenancy by the entirety requires what?
A tenancy by the entirety requires that the owners be legally married.
Can a co owner sell his share with the consent of other?
Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.
What does TE mean in real estate?
There are four forms of co-ownership for property. If you are planning on purchasing a home or inherited property with another, the property is owned as a tenancy in common, a joint tenancy, through community property or tenancy by the entirety. Tenancy by entirety is specific to married couples.
If you pay a mortgage company to hold your property title deeds do you need to advise them if one of the joint holders dies?
If the property was held in a joint tenancy with the right of survivorship you are the sole owner and the property does not need to be probated. To prove your ownership you only need to record a death certificate in the land records.You don't need to notify the bank. You do need to make all your mortgage payments. You are responsible for paying the mortgage or the bank can foreclose if you default.
Is Idaho Tenancy by the Entirety state?
No it is community property
