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If a skylight was damaged in a fire in a rental house is that the responsibility of the renter or owner?
Most Renters Insurance has a Liability component as well as personal property coverage. So if the fire was the renters fault the landlord could sue the renter then the liability insurance would pay.
Is it the renters responsibility to remove fallen limbs from roof?
If the tenant is living in a house, their responsibility is the same as if they owned the house, with regard to outside maintenance.
Can a life estate tenant be sued because of an owner's accident?
No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.
What is the difference between shareholder and owner?
An owner - has sole responsibility for the financial success of a business. A shareholder - is an investor in someone else's business - with the hope of being rewarded by a share in the company's profits.
Do I need renter's insurance in Massachusetts?
Renters insurance is needed in every state. Without it, any damage or theft of your personal possessions is your responsibility. Renters insurance covers your personal property.
Are property owners better off than renters in the current economic climate?
Property owners often feel that they have made a better choice than those who rent. Renters are paying money to another while owners have an investment. Renters have to follow the rules of the landlord, while owner are free to follow their own rules. Owner are able to have any type of pet they desire, while renters may not be able to have any pets. Property owners have many freedoms that renters do not have.
Your renter started a fire and has renters insurance how much will it cover?
most renters policies only cover the personal property of the renter. The property owner typically carries insurance for the Hazard of Fire.
What is renters insurance and why it is needed?
Renters insurance is for a person who is renting the place where they live. It protects your property if something happens to that place, such as a fire, flood or theft. Without it, only the owner of the property is covered.
Can a renter insure the structure he lives in?
There is renters insurance, but it is on the items the renter has brought into the house/apartment. The owner has insurance on the building.
Owner of tesco?
Share Holders
Why is a share of Oil and Gas Development Corporation an asset for its owner and a liability for OGDC?
Why is a share of OGDC is an asset for its owner and a liability for OGDC?
Is a new business owner responsible for the original owner owner's debt?
Not normally, unless the new owner has also 'bought' the previous owner's debts. However, if we are dealing with share ownership, the shareholder become the 'owner'. Shareholders are not responsible for the debts of the companies they have bought share in.
