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Updated over 13 years ago on . Most recent reply presented by

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David France
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51
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what ami i responsible for as an owner?

David France
Posted

Hi All

I have a house in Inkster M.I and want to know exactly what total liabilities i have as an owner, as im unclear-im at the property now and got some un-expected bills. So far i have:

insurence (title and property)

Land taxes

Agent fees

Property repairs

Any others im missing?

thanks

Most Popular Reply

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Dave Toelkes
  • Investor
  • Pawleys Island, SC
837
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Dave Toelkes
  • Investor
  • Pawleys Island, SC
Replied

you are responsible for everything that is done to the property, or should have been done but you neglected.

You are responsible for maintenance and upkeep so the property condition conforms to the neighborhood standard.

You are the owner, you are responsible for anything that happens on the property.

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