Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
11y
Who owns the property? Whoever's name is on title, is accountable for the property taxes.
If the arrangement is an instalment sale and the property is still in the vendors's name, then the vendor pays the taxes.
If the vendor has sold you the property, but carried back a mortgage, s/he is now the lender. The buyer owns the property and is accountable for the property tax. Alternatively, the buyer could be paying property taxes along with debt payments to the vendor (who would hold them in escrow until property taxes are due). While conventional lenders regularly offer this service, not many vendor's would entertain it.
Investor · Leominster, MA · Member since 2011 · 1k+ posts · 589 votes
11y
Are you referring to property taxes? The seller could collect the taxes monthly and escrow it then pay them when they are due but its not likely he wants the hassle. You will most likely just pay them as they come due.