If a Musi owns multiple homes or parcels of land in addition to their primary residence, and those properties have an outstanding mortgage, what is the Hissa Jaidad obligation? Additionally, if the Musi receives rental income from those properties, what is the Hissa Amad obligation?

The same Hissa Jaidad rules apply to any home or land owned by a Musi in addition to their primary residence. If the assessment is conducted during the lifetime of the Musi, the property will be assessed based on its fair market value at the time of the assessment. Any outstanding mortgage loan on the property will not be deducted from the assessed value.

Because these properties are not the Musi's primary residence, the Musi will have up to two years to pay the approved Hissa Jaidad assessment. Once the Hissa Jaidad has been paid in full, no additional Hissa Jaidad will be due on any future appreciation in the value of that property.

Any rental income generated from these properties is subject to Hissa Amad at the rate of Chanda Aam (1/16).