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.
As a renter you may not be sure how much your landlord can increase your rent by each year. How can you find out if your city has any rules or regulations about rental property rent increases? You can contact your city government or check the original rental agreement or lease.
The question of renting a home versus buying a home is common. You may be unsure if you can take on a mortgage loan, especially if you already have credit card debt. You have to take many factors into consideration when buying a home, including increasing home values and whether renting can save you money in the long run.
An investment property owner wants to sell their property to the tenants and offer seller financing. The seller financing will work like an installment purchase, or "lay-away" plan. The installment contract with the seller will include certain provisions that will pay "interest" on the amount owed by the buyers along with payments for all of the costs associated with the ownership of the home. When the time comes to transfer title to the home to the buyer, they will pay off whatever remains on the installment contract. The seller will use part of the cash they pay to payoff the current mortgage.
Although there are 58 million renters in the U.S., landlords have been hurting for tenants. In some cases, renting a home might be a better option than buying. Many landlords are offering worthwhile incentives to get tenants moved into their rental properties, and renters may be in a position to take advantage of a good deal.
Landlords are finding that a slowed buyer's market has led to more people looking to rent in the current economy. Many renters are finding incentives like free rent, cash-on-signing and free parking with their prospective homes. Buying a home might still be smarter in the long run, but renting isn't such a bad idea in the current market.
A rental property owner has trouble finding good tenants and getting rent payments on time. He wonders if Section 8 might be the answer to finding good tenants for his rental property. The landlord might want to better screen his tenants, along with a few other strategies.
An older gentleman considers converting his rental properties to a long-term lease with option to buy. A shorter-term lease with option to buy might be a good solution and provide flexibility for him and a prospective buyer.
A house has been on the market for 18 months and the owner is offered a lease/option. Companies that offer this option on unsellable homes are often scamming homeowners. The lease/option transfers the title but still leaves the homeowner responsible for making payments.
