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Renters and Property Taxes

 Do renters pay for property taxes?

By
Laura Adams, MBA,
October 27, 2011

Q. Do renters in apartment complexes, condominiums, or trailer parks pay property taxes?

A. It's not common for a non-commercial tenant to be asked to pay specifically for property taxes. Property taxes are the responsibility of the owner, unless specified otherwise in a lease. However, the rent that a residential property owner charges should be high enough to cover all of their expenses, such as mortgage payments, insurance, maintenance, and property taxes.

If they can't collect enough rent to pay their expenses, they'll have a negative cash flow on the investment property. And nobody wants that.

Image courtesy of Shutterstock
 

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