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Do you pay tax on rental income if you pay rent elsewhere?
Whatever amount you pay for your own personal residence has no effect whatsoever on the taxability of rent payments you receive.
Difference between leasehold property and freehold property?
You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.
Salary of bar owner?
Bar owners don't get a salary. They get all of the money. Then, they pay employees, rent, utilities and buy more beer & booze to replace what was sold. Whatever is left is the amount they make.
Is the co-signer responsibilty if the primary tenant fails to pay his rent?
Yes, a co-signer has agreed to pay the rent for the duration of he lease if the primary fails to pay. That is the purpose of the landlord in requiring a co-signer.
Will section 8 let you rent to a relative?
The Section 8 Voucher housing program helps low income families to pay their rent. Section 8 will not allow a person to rent to any relative.
Can you be in your house and by your house at the same time?
Yes you can pay rent to the owner while it's in escrow, month to month.
What to do when you pay rent and don't have the house?
Either you pay rent for the house or you don't pay rent because you do not have house. It can't be both the situations.
Does the owner of the rent to own home have to pay taxes on the rent they received?
In general, yes, the owner of a rental property will pay income tax on the rent received.
Do you have to pay your rent to owner who is inforeclosure?
Until the foreclosure sale takes place, the rent is owed to the owner on the rent day.
What is the term for ground rent lease?
Ground rent lease means you own the house but someone else owns the actual property that the house sits on; therefore, you must pay the owner rent on that land. If you don't own the ground rent, you can purchase it.
Do you have to pay taxes on free rent?
not if you are renting free from the home owner the home owner has to pay taxes
Do you have to pay rent if your house is infested with mold?
yes you still have to pay rent.
How do you pay rent on the railroad cards in Monopoly?
You just pay the owner of the property.
How do you kick your brother-in-law out of the house because he is lazy and he is not working?
You can evict him if he breaks legal regulations and does not pay rent, but only if you are the landlord/owner. If you are legally bound to pay for the house, and he is not, you can call the police and say he is trespassing.
What is a rent?
Oh, dude, rent is like this thing you pay every month to live in someone else's property instead of, you know, buying your own place and dealing with all that adulting stuff. It's basically giving away your hard-earned cash to temporarily borrow a space. So, like, enjoy spending your money on someone else's mortgage, I guess.
Do you have to pay property tax if you rent a house?
Not directly. The owner of the property is responsible for paying the property taxes. However, you should understand that how much rent you pay is determined, in part, by how much property tax the owner pays. In other words, the owner needs to charge enough rent to cover his costs (taxes, maintenance, insurance, mortgage payments, etc.). Otherwise, he is losing money on the property.
What is loss of use?
An example of "loss of use" : if your house burns, and you have to rent an apartment or another house to live in while your damaged home is being repaired or rebuilt. If you have the right home owner insurance, they will pay for your "loss of use" by reimbursing the rent you had to pay while waiting for your home to be repaired or rebuilt.
