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What can be done if three people own property and one refuses to pay their share of the property tax or any expenses?
You may need to contact a lawyer for that one. It may involve buying out the interest of the offending party. Whatever you do, get it all in writing and make sure you have all of the documentation proper.
In order to protect the property from being in default for nonpayment of taxes the other owners would have to assume the financial burden and then consider filing suit in small claims (or appropriate court) to recover monies owed.
It may be possible depending upon the state in which the property is located and how the property is titled, to file a suit against the noncompliant owner to have the property partitioned.
Additional InformationIn California, if each owner has a specified percent of ownership, not just owning the whole property collectively, then the owner(s) may ask the Tax Collector for a Separation of Taxes.Generally, there will be a processing fee, and time lines will prohibit the processing during certain times of the year, and a copy of the ownership document showing the specific percent of ownership will be required.
After the taxes have been separated, each fractional owner will receive their own tax bill. Should one of them not pay the taxes, the others would still be able to pay their share. CAUTION: Should any one of the owners have delinquent taxes for 5-years, that delinquent fractional ownership interest will be offered for sale at a tax auction. The other owners may bid at the auction as well as the public.
What else can I help you with?
How can you get your ex wife to pay her share of your child's medical expenses?
If you have a separation agreement that was made part of the divorce decree and that provides that she must pay a share of the medical expenses, you can file a motion for contempt if she refuses to obey the order. The court can compel payment.
How is Bilbo selfish?
There are two ways that he is selfish: 1. He refuses to share the Ring 2. He refuses to share the Arkenstone
What happens if one beneficiary does not pay their share of the real estate tax?
You should keep detailed records with copies of checks used to pay the expenses. When the property is sold, the beneficiary's share of the expenses should be deducted from his/her share of the proceeds and that amount should be added to the share of the proceeds distributed to the other beneficiaries.
If you have a 40 percent share of a house which was left in a will but the person with the 60 percent share wont sell the house to release money what options are there?
First you have to consult an assessor of the whole property and offer to sell the 40% to the one who owns the 60% and if he refuses to buy donate your property to charity
My mother refuses to give me the life estate property left to us by my grandparents can she do this?
It depends on who you mean by "us". If your mother refuses to give you property that is legally yours, contact the police. If it is jointly owned with your mother, you may need to file a lawsuit to have the property divided.
What is meant by quota share treaty reinsurance?
Quota Share reinsurance is a type of pro rata reinsurance in which the primary insurer and the reinsurer share the amounts of insurance, policy premiums and losses (including loss adjustment expenses) using a fixed percentage. Quota Share reinsurance can be used for both property and liability insurance but is more frequently used in property insurance.
What is a type of settlement in Israel in which the people share the property?
Kibbutz (קיבוץ).
Is it ok to share my wife?
No, she is not your property to share.
What can be done when a property owner on a shared private road refuses to pay their share of road maintenance?
You need to hire an attorney and sue the delinquent property owner.You need to hire an attorney and sue the delinquent property owner.You need to hire an attorney and sue the delinquent property owner.You need to hire an attorney and sue the delinquent property owner.
How does a time share work?
A time share works by you paying a percentage of a total for a house, condominium or apartment. Other people pay the rest of the percentage and you all share the property.
How a time share works?
A time share works by you paying a percentage of a total for a house, condominium or apartment. Other people pay the rest of the percentage and you all share the property.
How do you calculate triple net lease?
A triple net lease (NNN) is calculated by adding the base rent to the tenant's share of property expenses, which typically include property taxes, insurance, and maintenance costs. To determine the total monthly cost, you first establish the annual base rent and divide it by 12, then calculate the estimated monthly expenses based on the property’s costs and allocate these to the tenant. The final amount is the sum of the monthly base rent and the monthly expenses. This ensures the landlord passes on the operating costs directly to the tenant.
