Yes, a tenant in common can rent out their share of the property to another party.
A tenant is the person who rents and lives in a property, while a guarantor is someone who agrees to pay the rent or cover any damages if the tenant is unable to do so.
Yes, you can sell your house to your LLC and then rent it back from the LLC. This arrangement is known as a sale-leaseback transaction and is a common practice for individuals looking to transfer ownership of their property to a business entity while still retaining the right to occupy the property as a tenant.
Yes, as a landlord, you can increase the rent on your tenant, but you must follow the laws and regulations in your area regarding rent increases and provide proper notice to the tenant.
Landlord insurance typically covers loss of rent due to factors like tenant default, property damage, or other unforeseen events that make the property uninhabitable.
Normally, you can’t rent out a shared ownership property without permission. These homes are for you to live in, not to rent to other people. But if your situation changes, you can ask the housing company, and they might say yes sometimes.
A landlord is generally a person owns property for rent. A tenant is someone who rents property from a landlord.
No. Each tenant in common has the right to the use and possession of the entire property.
Generally there is no point in suing a property manager for not collecting rent. It should be noted that the tenant is responsible for paying his rent on time. It is not the responsibility for the landlord to collect the rent. If the landlord does not collect rent and the tenant should send it to the landlord by mail or in person.
Common issues that arise in tenant vs landlord court cases include disputes over rent payments, lease agreements, property maintenance, security deposits, eviction proceedings, and property damage.
A tenant is a person who occupies a property, often an apartment, from another person, often known as a landlord. The tenant often pays rent for the property the tenant occupies.
A sharecropper is a tenant farmer who gives a share of the crops raised to the landlord in lieu of rent.
Aslong as the landlord is the legal owner of the property (inquire at the registry of deeds), the tenant is obligated to pay the rent to him.
No.
"Rent and possession" refers to the legal relationship between a landlord and tenant regarding the rental of a property. Rent is the payment made by the tenant to the landlord for the right to occupy and use the property, while possession signifies the tenant's legal right to occupy and control the premises. If a tenant fails to pay rent, the landlord may seek to regain possession through legal eviction proceedings. This concept is fundamental in landlord-tenant law, outlining the rights and responsibilities of both parties.
As long as the landlord is in legal possession/ownership of the property and as long as you are residing on/in his property, yes. His notice of default has no legal effect of putting a "stay" on your payment of rent.
This is a certificate given from a property owner to the new property owner, which details all aspects of the tenant occupancy of the property, such as how many tenants, their information, how much they're paying in rent, etc.
Generally, no. The possession of someone else's property for a debt is a "pledge" or "security agreement" that goes well beyond the mere obligation to pay rent. In other words, the tenant must AGREE to allow the landlord to have a security interest in the tenant's property. However, if the landlord has accrued moving and storage fees for the tenant's property, the landlord often has an automatic "lien" on the property for payment of those expenses, but not the overdue rent. When the landlord perfects the lien, holds a public auction and sells the tenant's property, the landlord can usually only keep the amount of profit (if any) that covers the expenses, unless there is also a court order that the tenant owes other rent, penalties, fees, interest, costs, etc.