Landlord Question and Answer Forum
If a part homeowner isn't paying their full half of the rent, what recourse would be avail? Thank
Monika Q, WA on Friday, January 11, 2013
RE: Payments
Is it rent or mortgage payment?
Posted by
Bob R, CA
on
Friday, January 11, 2013
RE: Payments
Mortgage
Posted by
Monika Q, WA
on
Friday, January 11, 2013
RE: Payments
(1)Take them to court. (2) Refinance in your name only and charge them rent. (3) Sell the property….Assuming the loan is in both names, you are both fully responsible as far as the bank is concern. If full payment is not made to the bank, you are in default and could loose the property. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with Fed/State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance. BTW...check out the Rental Property Organizer at Simp-List.com. Free Trial Download with data
Posted by
Bob R, CA
on
Friday, January 11, 2013
RE: Payments
Thank you.
Posted by
Monika Q, WA
on
Saturday, January 12, 2013
Author:
Beverly S, NC
Updated:
03/28/2016
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Author:
Emmett J, GA
Updated:
03/03/2016
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Author:
Howard P, CA
Updated:
09/06/2018
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Laura D, AZ
Updated:
06/29/2011
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Author:
Kimberly B, NC
Updated:
11/15/2012
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