Post: Property taxes in Lessee Name
Posted by Ben on 6/30/13
I'm currently owner financing land/home to Lessee since 2004. In 2007, unbeknownst to me, Lessee went to County Tax office and had property taxes of said land/home put in his name. Once I found out, I contacted said office and inquired about it. They(tax office) said it was legal for him to do so but that the said property is still listed as me being the owner of property and if he was to default, I would be liable for taxes. That's not the problem as of yet. A point has been brought up to me that if Lessee continues to make the property tax payments for 7 years continuously, the owner of property automatically converts to Lessee. Is this the case and if so, must I hire an attorney to correct this before the 7 years is up.....2014?
Posts on this thread, including this one
- Property taxes in Lessee Name, 6/30/13, by Ben.
|