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What else can I help you with?
What if your landlord stopped paying his mortgage for a building you live in?
That has nothing to do with the tenant.
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 homeowner rent a house that is already in foreclosure?
The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.
How can landlord hold mortgage to tenant?
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.
Does alcohol consumption effect homeowner responsibility for injury of tenant?
Certainly.
Is the landlord or tenant responsible for plumbing damage?
Any damages caused to a building which is under lease and which are directly caused by the tenant are normally deducted from the bond if necessary. Otherwise, the tenant is responsible for paying for the repairs, but it is the landlord/homeowner who must get the repairs done (they then pass the bill on).
What to do when your basement tenant sue the house owner six weeks after a fall without even inform the owner at the time of fall and Is it covered by homeowner insurance?
It is very difficult to prove if the tenant had not informed the tenant at the time of fall. Judge will suspect that it is fraudulent insurance claim. Tenants are not covered by a homeowner insurance. However, if the homeowner has a landlord insurance, tenants are covered.
3 people have right of survivorship and one quitclaimed their interest to a new party Is this new co-owner responsible for that persons part of the mortgage?
If the joint owner who conveyed her interest was paying a third of the mortgage then her grantee would also be responsible for paying that share. The grantee in the quitclaim deed is a tenant in common with the other two joint tenants.
What is a sentence using the word tenant?
The tenant is responsible for paying rent on time each month.
Is the life tenant responsible for the utility bills?
Typically the owner of the property is responsible for the mortgage if they were the original signers of it. This cost is usually offset or covered completely through rental income.If the rent is $750, $450 is mortgage, $100 for insurance, $100 for maintenance, and $100 for income.
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 tenant in common mortgage its interest?
Yes. As long as the lender will accept it. If the borrower defaults and the lender should later need to foreclose on the mortgage, it will acquire only the tenant's proportionate interest in the property and not the interest of the other co-owner(s) who didn't execute the mortgage.
