Sounds like a single-net lease. This provision can be added to any rental agreement, though the wording should be confirmed by an attorney prior to signing.
no the tenant is not obligated to pay the stamp duty or the land tax it is an obligation on the part of the owner or land lard to pay it
Property Tax. ::)
If you can't pay your property tax, eventually your home would be taken for payment of back taxes.
The owner of the property pays the tax on the income generated by the property. This is known as the "fruit of the tree doctrine."
No, you pay inheritance tax and, ultimately, property tax as the owner.
no the tenant is not obligated to pay the stamp duty or the land tax it is an obligation on the part of the owner or land lard to pay it
Property.
Property Tax. ::)
Property
Property Tax.
You're most likely to pay your county or town taxes in the form of a property tax. Property taxes are levied on real estate, such as land, buildings, and homes, by local governments to fund public services and infrastructure. The amount of property tax you owe is typically based on the assessed value of your property and the tax rate set by the local government. Failure to pay property taxes can result in penalties, interest, and even the loss of your property through tax foreclosure.
A property tax (or millage tax) is levied on the value of property, an ad valorem tax that the owner is required to pay. It is a direct tax.
In the most basic form it's double taxation. Meaning you payed taxes on it when you purchased it then just to keep it you have to pay tax again and again. More so, as in my state (WV) it is referred to as a personal property tax, therefore you can pay for a house, and its' sales tax, pay interest to the bank for years, pay it off, then it's still not 100% yours because if you don't continue to pay for you personal property tax they (the state) will take your house from you. That makes it unethical.
Yes, we have to pay tax on it
If you can't pay your property tax, eventually your home would be taken for payment of back taxes.
no. the Amish do not pay taxes.
It depends...