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What is A sum of money placed on a person property's or income?
A sum of money placed on a person's property or income is typically referred to as a lien. A lien is a legal right or interest that a lender or creditor has in the borrower's property, granted until the debt obligation is satisfied. It serves as a security for the repayment of a loan, allowing the creditor to claim the property if the borrower defaults. In essence, it ensures that the lender has a legal claim to the asset as collateral for the debt.
Can you claim plumbing repair expenses on your taxes on a rental property?
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.
What is a charge over assets?
A charge over assets is a legal interest granted by a borrower to a lender as security for a loan or obligation. It allows the lender to claim specific assets of the borrower if they default on the loan. This can include tangible assets like property or equipment, or intangible assets like receivables. The charge ensures that the lender has a priority claim over the specified assets in the event of liquidation or bankruptcy.
How do you claim child support on your income tax return?
Child support is not income to the recipient or a deduction for the payer. Spousal support, also called maintenance or alimony, is income to the recipient and deductible for the payer.
Can you claim your wife if she has no income?
Yes
What is the claim on the property or income of a borrower?
financial asset
What is a claim on the property or income of a barrower called?
A lien.
What is A sum of money placed on a person property's or income?
A sum of money placed on a person's property or income is typically referred to as a lien. A lien is a legal right or interest that a lender or creditor has in the borrower's property, granted until the debt obligation is satisfied. It serves as a security for the repayment of a loan, allowing the creditor to claim the property if the borrower defaults. In essence, it ensures that the lender has a legal claim to the asset as collateral for the debt.
If one person obtains a loan can they claim another persons income if they dont cosign?
No. No income not belonging to an obligated borrower may be considered.
Is a loan considered a lien?
Yes, a loan can be considered a lien if the lender has a legal claim on the borrower's property as collateral for the loan.
Do you need to claim rental property income?
Yes it must be claimed as part of your income according to law.
Who holds the title to the property in a lien theory state?
In a lien theory state, the borrower holds the title to the property while the lender has a lien against it as security for the loan. This means that the borrower retains ownership and the right to occupy and use the property, but the lender has a claim on it in case of default. If the borrower fails to repay the loan, the lender can initiate foreclosure to recover the owed amount.
What is A written claim to some piece of a property?
A written claim to some piece of property
Can you claim plumbing repair expenses on your taxes on a rental property?
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.
Do you have to get divorced?
If you don't want to be married anymore, and don't want your spouse to have a claim on your property and income, that is the usual route.
What is an artist's claim to authorship?
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.
If someone is listed as a co-borrower on a mortgage must they also be listed on the property deed My fiance is not yet divorced from his previous wife and we are afraid she can claim rights to the?
You should seek the advice of an attorney.
