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Every Thing Else Board
Could have been an ugly situation
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<blockquote data-quote="Jogeephus" data-source="post: 775231" data-attributes="member: 4362"><p>In this particular situation the tenants and their heirs did. Today this would be similar to a reverse mortgages on your home. The person residing on the property is liable for the taxes and upkeep until the end of the contract and failure to do this voids the deal. </p><p></p><p>What complicates things in this area is that the majority of the land was deemed not valuable enough to justify the cost of a survey. To make matters worse, our survey system the old British system of metes and bounds rather than PLS system that is used in states outside the original 13 colonies. In my county alone we are taxed on 8000 acres that doesn't even exist if you compare the taxed acreage to the total acreage of the county. Of course the tax assessor isn't complaining. </p><p></p><p>I have never seen a tenant arrangement like this but I can understand the reasoning. With my job I work with over a dozen tenant farmers and only one has squatters rights. This guy quit farming years ago but he still gets to live in a house till he and his wife die. Even though this messes up his health care he chooses not to move. I guess its cause he's got a good deal. If the roof leaks, we fix it. If the AC goes out, we fix it. AND, we pay the land and house taxes as per the original agreement signed about 65 years ago.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 775231, member: 4362"] In this particular situation the tenants and their heirs did. Today this would be similar to a reverse mortgages on your home. The person residing on the property is liable for the taxes and upkeep until the end of the contract and failure to do this voids the deal. What complicates things in this area is that the majority of the land was deemed not valuable enough to justify the cost of a survey. To make matters worse, our survey system the old British system of metes and bounds rather than PLS system that is used in states outside the original 13 colonies. In my county alone we are taxed on 8000 acres that doesn't even exist if you compare the taxed acreage to the total acreage of the county. Of course the tax assessor isn't complaining. I have never seen a tenant arrangement like this but I can understand the reasoning. With my job I work with over a dozen tenant farmers and only one has squatters rights. This guy quit farming years ago but he still gets to live in a house till he and his wife die. Even though this messes up his health care he chooses not to move. I guess its cause he's got a good deal. If the roof leaks, we fix it. If the AC goes out, we fix it. AND, we pay the land and house taxes as per the original agreement signed about 65 years ago. [/QUOTE]
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Could have been an ugly situation
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