Life Tenant's Duty to Pay Property Taxes? Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are sharing sensitive information about bar exam prep. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned."
Anonymous Posting
Anonymous posting is only appropriate when you are sharing sensitive information about bar exam prep. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned."
-
CLSGumbo
- Posts: 58
- Joined: Tue Jul 19, 2016 7:04 pm
Life Tenant's Duty to Pay Property Taxes?
I've read conflicting rules of law on this. If a property has the potential to make money off rents but the life tenant has no interest in renting it and doesnt occupy it. Is the life tenant still responsible for paying the property taxes? I know if they receive rents they are, and if they dont receive any rent because the property is worthless they dont have a duty. But what if they choose not to accept rent from the property?
-
estefanchanning
- Posts: 352
- Joined: Sat Mar 19, 2016 12:22 pm
Re: Life Tenant's Duty to Pay Property Taxes?
They're liable up to reasonable rental value.CLSGumbo wrote:I've read conflicting rules of law on this. If a property has the potential to make money off rents but the life tenant has no interest in renting it and doesnt occupy it. Is the life tenant still responsible for paying the property taxes? I know if they receive rents they are, and if they dont receive any rent because the property is worthless they dont have a duty. But what if they choose not to accept rent from the property?
-
CLSGumbo
- Posts: 58
- Joined: Tue Jul 19, 2016 7:04 pm
Re: Life Tenant's Duty to Pay Property Taxes?
That's what I thought, but I had an adaptibar question that said they weren't.... will try and find thatestefanchanning wrote:They're liable up to reasonable rental value.CLSGumbo wrote:I've read conflicting rules of law on this. If a property has the potential to make money off rents but the life tenant has no interest in renting it and doesnt occupy it. Is the life tenant still responsible for paying the property taxes? I know if they receive rents they are, and if they dont receive any rent because the property is worthless they dont have a duty. But what if they choose not to accept rent from the property?
-
estefanchanning
- Posts: 352
- Joined: Sat Mar 19, 2016 12:22 pm
Re: Life Tenant's Duty to Pay Property Taxes?
Please do, I'd be curious.CLSGumbo wrote:That's what I thought, but I had an adaptibar question that said they weren't.... will try and find thatestefanchanning wrote:They're liable up to reasonable rental value.CLSGumbo wrote:I've read conflicting rules of law on this. If a property has the potential to make money off rents but the life tenant has no interest in renting it and doesnt occupy it. Is the life tenant still responsible for paying the property taxes? I know if they receive rents they are, and if they dont receive any rent because the property is worthless they dont have a duty. But what if they choose not to accept rent from the property?
-
Cop2lawyerNYC
- Posts: 95
- Joined: Sat Jul 21, 2018 7:51 pm
Re: Life Tenant's Duty to Pay Property Taxes?
I remember that question. The facts said that the land was useless and could not be rented.estefanchanning wrote:Please do, I'd be curious.CLSGumbo wrote:That's what I thought, but I had an adaptibar question that said they weren't.... will try and find thatestefanchanning wrote:They're liable up to reasonable rental value.CLSGumbo wrote:I've read conflicting rules of law on this. If a property has the potential to make money off rents but the life tenant has no interest in renting it and doesnt occupy it. Is the life tenant still responsible for paying the property taxes? I know if they receive rents they are, and if they dont receive any rent because the property is worthless they dont have a duty. But what if they choose not to accept rent from the property?
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
