Breaking A Lease
If a lease doesn't discuss what it will cost to break it, is the landlord able to set the price to terminate the lease? Or does it mean that you can break the lease without any consequences?
Subleasing Rental Property May Be Illegal
A renter has been subletting an apartment and paying the original tenant the monthly rent. Now it turns out that the sublease is illegal and the original tenant may not have not been paying on the lease. The subleaser may be obligated to pay back rent to the apartment owner. In general, if you're going to sublease an apartment, you have to make sure the owner has knowledge of your existence, has consented to the sublease in writing and that the parties understand who will be paying what and when.
Considering Renting Out Home
Being a landlord means being able to keep the house rented and maintained. It's more difficult to be a landlord if you are far away from the property. If you want to do this, consider offering the property at a slight discount to the normal market rent. This should produce a greater number of prospective tenants from which you will hopefully be able to find a great tenant who will be able to take care of the property for you.
Lease With Option To Buy
A lease with an option to buy can be a good option for home sellers, but what if the prospective tenant has bad credit? There are certain things homeowners can do to protect themselves from an equitable interest claim if they decide to do a lease with an option to buy.
Renters’ Rights: The Basics
Renters' Rights: The Basics by Janet Portman and Marcia Stewart. Is it next to impossible to get the rent out of your roommate each month? Or is your ...
Suing Tenant For Extensive Damage
Tenants leave a landlord with cigarette burns on the carpet and kitchen floor. Damages exceed the security deposit. What can the landlord do to recover the damages? The lease may provide that in case the tenant damaged the apartment, you have the right to restore it to the condition in which it was supposed to be returned. If you are allowed under the lease to replace the carpet and the flooring, you should be able to recover these costs when you sue your former tenants.
Landlord’s Right To Keep Deposits
A landlord says they are entitled to keep the deposit of a potential renter who doesn't move into their rental home. He says the deposit is to hold the property, and a landlord could miss out on potential offers while expecting a renter with a deposit to move in. If a landlord intends to keep a deposit regardless of move in, it's a good idea to make sure the renter knows that up front.
Landlord Keeps Deposit On Apartment
A landlord does not return a deposit that was put on an apartment. A would-be renter should only make a deposit if there's a clear statement from the landlord as to what will happen to the deposit if you don't rent the apartment. Without this information up front, the landlord should not keep a deposit.
Long-Term Land Leases
Long-term land leases are less common in the United States, where most often property is purchased on a fee simple basis -- in other words, you buy everything, including the land and any structures that sit on it. But some communities are beginning to see more development on land that is leased. It's another way for the owner to control what happens to the property.
Termination Fee To Break Apartment Lease
A renter hopes to buy a home but is charged a high termination fee from their current landlord. Unless it is included in their lease, the landlord is not obligated to release them from their lease. The best strategy for the renters is to try to find someone to take over the current lease.