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A landlord only collects rent from a tenant, not mortgage payments. If the landlord then holds a mortgage for the tenant, then they are no longer a landlord, rather, a mortgage holder, like a financial institution. There are many cases where the tenant has an option to buy the home, and many terms are discussed and agreed thereto. Landlords can turn into mortgage holders. Landlords can evict, but mortgage holders can foreclose-- two different types of court proceedings.
What else can I help you with?
What is the meaning of a buy let mortgage?
A buy to let mortgage is one in which the sole purpose of the purchase of the property is to immediately let/rent it out. On the one hand the transaction provides the landlord/mortgage holder with income while retaining an equity increases in the property. The down side is where the landlord cannot find a paying tenant and could default as a result.
Can a landlord provide a negative reference for a tenant?
Yes, a landlord can provide a negative reference for a tenant based on their experience with the tenant's behavior, payment history, or other relevant factors.
What is leasehold mortgage?
A leasehold mortgage is an encumbrance on a tenant's interest in a lease conveyed to a lender as collateral for a loan to the tenant.
Can a tenant make improvements to leased property?
Yes, a tenant can make improvements to leased property with the landlord's permission.
Can I increase the rent on my 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.
What if your landlord stopped paying his mortgage for a building you live in?
That has nothing to do with the tenant.
What is suborination and non disturbance agreement?
The correct term is "subordination". This is an agreement signed by a tenant and landlord of commercial property which is a recognition on the part of the tenant that the lease is subordinate to any mortgage which the landlord has or may in the future place on the property. Lenders sometimes want this so that the tenant recognizes that the lease does not have priority over a mortgage granted by the lender. The non disturbance agreement generally signed by the lender and/or landlord which indicates that so long as the tenant is not in default of the lease, the possession of the tenant will not be "disturbed" or in other words, the tenant will be allowed to remain in the premises even if the landlord should be in default of the mortgage.
Do you have to pay rent when the landlord didn't tell the mortgage company he was renting?
Yes. The relationship between the landlord and bank has nothing to do with the tenant.
What is a landlord Estoppel Certificate?
It can mean where an estoppel certificate is required of a landlord (they can are also sometimes required of the tenant), where the landlord is required to make certain representations regarding the state of the lease (neither tenant nor landlord are in default), the state of the underlying property (e.g. no encumbrances, or no default on mortgage, or no condemnation proceedings) or other representations at the request of a lender (to the landlord or the tenant) or a buyer of the property.
Can a landlord hold a tenant responsible for a lease agreement if the tenant was not mentally competent and no attorney was present at the signing of the lease agreement?
Did a court adjudicate the tenant as incompetent? Then, if and when the landlord sues, that would provide the basis for a defense. You can't stop the landlord from trying to recover damages.
How long must a landlord hold property stored by commercial tenant in NY after an eviction?
In New York, after a commercial tenant has been evicted, a landlord must hold the tenant's property for a minimum of 30 days. During this period, the landlord is required to provide reasonable notice to the tenant about the storage of their property. If the tenant does not retrieve their belongings within that time frame, the landlord may dispose of the property. It's important for landlords to follow proper procedures to avoid potential legal issues.
What is the possessive form of the landlord and the tenant?
The possessive forms are landlord's and tenant's; for example:The tenant's apartment is the best one in the landlord's building.
How do you hold a landlord tenant meeting?
Just like you would any other meeting: contact the landlord and tell them you want to talk with them about an issue.
What has the author James C Hauser written?
James C. Hauser has written: 'Florida residential landlord--tenant manual' -- subject(s): Landlord and tenant 'Texas residential landlord-tenant law' -- subject(s): Landlord and tenant
Is a residential tenant required to provide a key to landlord?
If the landlord provided a key to the tenant, then the tenant must provide a key to the landlord. In fact, under most state laws the tenant may not change a lock without the landlord's permission and a duplicate key provided to the landlord.
Can a tenant sue a sub tenant?
Yes. The tenant should be considered the landlord of the sub-tenant. Therefore, he can evict, just like any landlord.
Is Landlord or tenant responsible for scorpions?
Landlord.
