Posted on: 08th Feb, 2011 08:02 pm
the joint tenancy - what if one partner wants to be like the silent one (meaning only wants their name on the deed) and the other one rent, pay the taxes, insurance, maintenance, etc ? can you do a power of attorney with it to protect yourself? on managing the property ? and liability?
Hi alngayle,
In case of joint tenancy, both are equally liable for the taxes, maintenance, etc. You can go for a power of attorney. You need to contact a lawyer and he will help you in drafting the power of attorney.
Thanks
In case of joint tenancy, both are equally liable for the taxes, maintenance, etc. You can go for a power of attorney. You need to contact a lawyer and he will help you in drafting the power of attorney.
Thanks