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Updated about 1 year ago on . Most recent reply
Property Tax Responsibility for Tenant Buyers
In Lease Option or Rent-to-Own agreements, do the Tenant Buyers normally pay the property tax? I can see a huge downside to me (the Landlord / Owner) for that responsibility be placed on them.
Most Popular Reply
Quote from @Account Closed:
Quote from @George Lewis:
In Lease Option or Rent-to-Own agreements, do the Tenant Buyers normally pay the property tax? I can see a huge downside to me (the Landlord / Owner) for that responsibility be placed on them.
Tenants do not pay for things they don't own. The person who's name is on the deed pays property tax and landlord insurance and HOA, if any. Those are items rolled into the monthly lease amount to the tenant but not paid directly by the tenant.
Thank you!