Alabama Tax Deed Use Question
Are you allowed to rent Alabama tax deed properties? What about tax certificates? Assuming that would note be wise just incase the original owners redeem the property within their 3 year statute? Tax deeds on the other hand could you rent them while in the process to quiet title? Enterprise, AL
Most Popular Reply
@Jonathan Hart, you are entitled to possession with an Alabama tax certificate or a deed. As a result, you are entitled to rent them out. But, you need a 30 day cancellation clause in your lease in case the property is redeemed. Even with a tax deed the former owner might be able to redeem. The real issue is not whether you are entitled to rent the property, but did you take possession lawfully and peaceably. Please read my other forum posts on this topic. Below are some blog posts I published, also.
Alabama tax sale redemption rights: https://www.biggerpockets.com/forums/70/topics/181968-alabama-tax-sale-redemption-rights
Peaceable possession: https://www.biggerpockets.com/member-blogs/6547/85762-alabama-tax-sales-and-possession?created=1