2007-11-05 03:11:00 · 8 answers · asked by shutterbug 1 in Politics & Government ➔ Law & Ethics
Is the Lien holder liable if the Owner doesnt have insurance on the property?
Can the renter sue the Lien holder anyway?
2007-11-05 03:18:18 · update #1
Assuming the actions or inactions of the owner caused the fire, yes. Lienholder? Not under any theory I can think of. The lienholder owes renters no duty and cannot be held accountable for injuries sustained on the property.
2007-11-05 03:21:32 · answer #1 · answered by Toodeemo 7 · 3⤊ 0⤋
You can't sue the lien holder. The lien holder has only provided the owner with the money to purchase the property; they don't own the property unless the owner doesn't pay them and they take the property from him as a result. A renter should always carry renter's insurance in case of things like this. If you sue, the only person you can sue would be the owner, and whether or not you would be able to collect is another story.
2007-11-05 03:58:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, the lien holder is just the bank. They don't have responsibility for the property. The owner is supposed to have insurance. Or the renter should have renter's insurance. But it depends on the nature of the fire whether you would be entitled to recover anything. Accidents just happen and sometimes no one is entitled to recover.
2007-11-05 03:22:17 · answer #3 · answered by Flatpaw 7 · 3⤊ 0⤋
Probably not, there is a thing called renters insurance that covers you and your property but noone hardly has it. Unless the owner was negligent I doubt it.
2007-11-05 03:19:03 · answer #4 · answered by vmoore708 3 · 2⤊ 0⤋
depends on how fire was started. If it's your fault as the tenent (i.e., grease fire left on stove), or his that it's say electrical. Did you have renter's insurance for your property? Should have. And you should have had smoke detectors too
2007-11-05 03:20:51 · answer #5 · answered by Empress Jan 5 · 2⤊ 0⤋
15K is allot of monies to sue for, i might get a criminal expert for this one in my opinion you're no longer reliable and that they are going to prefer greater then Realtor opinion to head for damages i think of you've gotten the skill to prevail on a precis judgment action to brush aside the lawsuit out appropriate, the place did they arise with 15K as damages? the quantity they could have bought formerly you moved out? while in comparison with the fee they won? a Realtor opinion on my own isn't sufficient to teach that mutually as you rented the abode, the Realtor had a prepared in a position shopper at complete fee minus no inspections in a down marketplace. they are going to could produce names of skill purchasers, they are going to could coach they the two had funds or must be authorized for a loan in this credit crunch, the Realtor opinion on my own won't suffice then after proving that they had a prepared shopper they are going to could coach you intentionally interfered with the showings, very confusing, the Realtor will prefer appropriate situations, could desire to teach life like be conscious to teach replaced into given which understanding Realtors it replaced into no longer, Get a criminal expert threaten to sue for them
2016-10-15 02:53:01 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Only if it can be proven that the owner was negligent and had knowledge of unsafe conditions. This, too, can change if the tenant ignored or failed to report such conditions.
2007-11-05 03:15:53 · answer #7 · answered by sensible_man 7 · 3⤊ 0⤋
These days with lawyers filing over the drop of a hat, sadly, yes. Will they win, doubtfull
2007-11-05 03:15:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋