No, the owner is identified by recorded warranty deed. There are all type of rental agreements, if you agreed to pay the property taxes, it's just a part of your rent. Net leases, net/net, or triple net are good leases to get if you are the property owner. Now, if the taxes are unpaid and on April 15, you go pay them through a tax certificate sale, after two years, you are eligible to take it 'to the courthouse steps' where you can bid against others for rights to the property. Oftentimes though, all you get is your money back with the 5%+ interest. In order to get the certificate, you have to bid what interest you want on your money, in my county, the minimum is 5%. So, if you really want the property and don't mind waiting, you can bid 0% because you are guaranteed 5%. It varies from county to county and state to state, but you can check it out with your county tax collector. Although if you are a tenant and just pay the property taxes, this does not constitute ownership.
Yes. You claim income that you receive in addition to expenses like repairs, insurance, property taxes, depreciation, etc. This is the case with me assuming that you are the owner of property that you rent to others and not rental property where you are the tenant.
To claim means to assert or demand the recognition of a right, property, or entitlement. It often involves stating ownership or expressing a belief or opinion with confidence. In legal contexts, a claim can refer to a formal request for compensation or justice. Overall, claiming signifies a proactive stance in establishing one's position or rights regarding something.
financial asset
No because you own the property and you would be the that one that should be paying the property taxes.
Yes
i would like too know the answer to this question too except im in California do the laws change
In India, a tenant can stay in a rental house for more than 10 years, but he cannot claim ownership of the property solely based on tenure. The ownership of the property remains with the landlord unless a specific agreement or legal provision states otherwise. It is important to have a clear rental agreement to avoid any disputes over ownership rights in the future.
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.
Releasing your dower rights means giving up your claim to a portion of your spouse's property in the event of their death. This can impact property ownership by allowing the spouse to have full control and ownership of their property without the other spouse's claim.
To start with, it is a "quit" claim deed. And basically you are relinquishing your share of the property to someone else. This usually happens when there are two names on the deed and one wants out of ownership. They usually quit claim deed their share to the other person on the deed. Family has nothing to do with it. The only thing that MIGHT affect this transfer is if it was agreed upon prior to taking ownership of the property that it can only be transferred to someone within the family. Rare, but who knows, this stipulation might exist. In most states one tenant by the entirety cannot transfer their interest in the property.
Probably not. Just as you can't claim ownership of property to which you have no title.
Quit claim deed.
Unless you have purchased the property from your landlord as opposed to continuing to rent it, you have no right to claim to own the property. To prove ownership of the property, you would require the deed.
You can have the tenant quit claim their rights to the property. Or sell the life estate to the remainderman.
Yes. You effectively "quit" your claim of ownership.
In part, it is a claim to the ownership of property, and to the benefits, income and prestige resulting from this ownership. Artistic works are intellectual property, subject to an extensive property law just as is real property of any kind, like wealth, minerals, gems, real estate, etc.
Yes, someone can legally sue you for ownership of your house through a process called a property dispute or a claim of adverse possession. This typically involves proving in court that they have a valid legal claim to the property.