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What else can I help you with?
Who needs rental property insurance?
You will need rental property insurance if your are the owner of a rented property. This insurance, in addition to standard household insurance, covers things such a public liability.
What type of insurance should a landlord have on a rental property?
Homeowner's insurance (since the landlord is the homeowner) with a clause that specifically includes the use of the property as rental property.Additional inclusions might need to be added to address things like potential theft of appliances and damage to the property by the tenants (which could easily exceed many times the value of the security deposit).------------------Each piece of property owned must be insured separately. Thus a homeowner's insurance is for the owner's own home occupied by him/her and family. Most rental properties are insured only for liability and replacement value. You cannot mix homeowner's policies with rental policies.Most landlords strongly recommend that tenants have a tenant's insurance policy in place covering only the tenant's belongings. The landlord is never liable for the tenant's belongings.
Who is responsible for caring for public property?
Government is responsible for caring for public property
What things should I be wary of when considering homes rent?
There are many things to be concerned with when renting a house. Two major concerns are 1) the condition of the roof and plumbing, and 2) the the lease agreement states. Pretty much the same things you should be aware of when renting apartments: absentee landlords who don't do maintenace on the property, landlords with poor policies on rent payment, etc. and inflexible leases.
Can a landlord require a spouse to have one year of rental experience?
Landlords can ask many things or require many things of their potential tenants, most of which is legal as long as it does not fall within discrimination. So, if he requires a spouse to have rental experience, he can. If you dont like it or dont have enough experience, then you must either resolve this issue with the landlord or apply at another location to rent. Sorry.
How do you rent a property with dual ownership?
There is no ownership by a renter in a rental property. Just joint tenancy. If you are a co-owner of a rental property. in equal part, the other co-owner must agree in order to make a legally binding contract. Even if you are a majority owner, doing things against the partner's wishes is just asking for trouble.
Who is responsible for the clean up of a tree that fell in the yard the renter or tenant?
The people who actually own the house should be responsible for the cleanup of the tree as long as the tenants had nothing to do with it falling down. Sometimes a landlord will reduce a tenants rent if they handle things that are the landlords responsibility.
What factors are important to consider when looking for a house to rent?
There are a few things to consider when looking into rental property. The major being location, is it conveniently located for work and other needs such as churches and schools. How safe is the neighborhood. What all is included in the rental price, are utilities included or separate? Does rental insurance come with the rental monthly payment or does it have to be purchased separately by the renter.
Can a beneficiary stay at a property without paying rent to other beneficiaries?
They are not responsible to the other beneficiaries, they are responsible to the estate. It is up to the executor to make sure things are done fairly.
What is property productivity?
Different properties produce different things. If your property is an office building, it produces rent. If your property is a wheat field, it produces wheat. Property Productivity depends Upon type of Property and how the property is used for a purpose. Commercial properties can serve for commercial and rental properties, land development. Residential properties can serve for home-family rental purposes.
Who is responsible for judgment on property inherited from deceased father?
The judgement should be resolved before the property is transferred. If there are not enough assets to cover it, the property would have to be sold to pay the judgement. If someone wants the house, it might make sense for them to pay it to keep the property.
Do you need a real estate agent to find rental apartments?
You don’t need a real estate agent to find a rental, but they can make things easier. You can search online and contact landlords yourself. An agent can help you find places and handle the details, and usually, the landlord pays their fee.
