In a rent to own lease agreement for the one-two year lease period who will have the homeowners insurance?the renter or seller?
2006-07-06 05:07:40 · 12 answers · asked by rachellynn200 5 in Business & Finance ➔ Renting & Real Estate
the person who owns the home should have insurance on the property, as a renter you should also have renters insurance to cover your belongings inside the home.
2006-07-06 05:11:41 · answer #1 · answered by eric k 3 · 0⤊ 0⤋
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RE Who is responsible for homeowners insurance?
In a rent to own lease agreement for the one-two year lease period who will have the homeowners insurance?the renter or seller?
2014-09-23 19:02:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The seller should have the homeowners untill the house is signed over to you. You should have renters insurance on your belongings.
2006-07-06 05:10:30 · answer #3 · answered by wishiwereatthebeach 3 · 0⤊ 0⤋
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2014-11-14 07:47:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Seller. You should have your stuff insured with rental insurance, though. The seller's policy will probably only cover the building, not what's inside.
2006-07-06 05:10:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
While leasing, the owner. If you are leasing you need to get renters insurance to insure your belongings. Once the house is in your name, you pay for it.
2006-07-06 05:09:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The person leasing has "Contents Insurance". The owner has "Homeowners".
2006-07-06 05:12:59 · answer #7 · answered by educated guess 5 · 0⤊ 0⤋
The homeowner is responisble for the homeowners insurance.
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2006-07-06 05:14:33 · answer #8 · answered by lendermark1 2 · 0⤊ 0⤋
The renter must have renters ins and the owner must carry home owners ins to cover the house only.
2006-07-06 05:09:50 · answer #9 · answered by bildymooner 6 · 0⤊ 0⤋
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2014-05-25 04:24:40 · answer #10 · answered by Anonymous · 2⤊ 0⤋