Results 1 to 2 of 2
  1. #1
    Join Date
    Apr 2011
    Posts
    1

    Lightbulb Who is Responsible for Condominium Association Dues, Life Tenant or Remaindermen

    My question involves real estate located in the State of: Kentucky.
    Who is responsible for Condominium Owner Association dues, life tenant or remaindermen.
    My father has a life estate in his condo, the 2 daughters and my father are both on the deed.
    My father pays the mortgage.
    Who is responsible for the COA (Condominium Owner Association) dues?
    The by-laws of the COA say the ‘owner’ is responsible.
    I haven’t found any authority (statute, case law, etc.) that stated that remaindermen (holder of the interest that follows a life estate) have a responsibility to pay condo fees.
    I would think that either the 2 daughters were responsible or the it would be a third each.

    Also pertaining to the above, who is responsible for the property taxes?

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    64,895

    Default Re: Who is Responsible for Condominium Association Dues, Life Tenant or Remaindermen

    You say "the 2 daughters and my father are both on the deed." - Tell us exactly what you mean by that. Quote the exact language from the deed.

    1. Sponsored Links
       

Similar Threads

  1. Life Estates: Taxes Duties of Remaindermen vs Life Tenant
    By jazmin in forum Ownership and Title
    Replies: 1
    Last Post: 03-27-2011, 07:02 PM
  2. Life Estates: Life Estate: Full Ownership of Remaindermen Automatic when Tenant Dies
    By pameladean in forum Ownership and Title
    Replies: 1
    Last Post: 06-01-2009, 07:51 AM
  3. Life Tenant and Remaindermen Want to Sell and Split Proceeds
    By johnstth in forum Estate Administration and Probate
    Replies: 3
    Last Post: 02-02-2009, 05:06 PM
  4. Life Estates: Life Tenant Taking Out Loans Without Knowledge Of Remaindermen, in Florida
    By ocnprknatv in forum Ownership and Title
    Replies: 5
    Last Post: 03-22-2008, 05:07 AM
  5. Life Estates: Remaindermen vs Life Tenant
    By TexasGal in forum Ownership and Title
    Replies: 5
    Last Post: 12-26-2006, 09:04 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 
Forum Sponsor
Real Estate Forms
Real estate forms and contracts, state specific, immediate download.




Untitled Document