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Wes Selman
  • Lockhart, TX
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Long Term Tenant- Homestead Exemption

Wes Selman
  • Lockhart, TX
Posted Mar 1 2024, 11:58

Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?

Thank You.

Account Closed
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Account Closed
Replied Mar 2 2024, 09:28
Quote from @Wes Selman:

Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?

Thank You.


One potential way to structure a scenario where a long-term tenant of a single-family home can receive homestead exemption is for the homeowner to designate the tenant as a co-owner or co-borrower on the property. This would allow the tenant to qualify for the homestead exemption as if they were the owner of the property. However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.

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Wes Selman
  • Lockhart, TX
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Wes Selman
  • Lockhart, TX
Replied Mar 3 2024, 20:02
Quote from @Account Closed:
Quote from @Wes Selman:

Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?

Thank You.


One potential way to structure a scenario where a long-term tenant of a single-family home can receive homestead exemption is for the homeowner to designate the tenant as a co-owner or co-borrower on the property. This would allow the tenant to qualify for the homestead exemption as if they were the owner of the property. However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.

 Thank you. That’s a good idea.

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