A tenant is someone who rents a property from a landlord or property owner. The tenant pays rent to the property owner, in exchange for living in or using the property. The terms of the rental are usually defined by a lease. Learn more here abotu what it means to be a tenant and what it involved in renting or leasing property.
Renting A Home With Option To Buy
Leasing out a rental property is often a good idea. However, you may want to rent your property with an option to buy. Doing a lease/option allows the buyer to live in the home for a year and pay a non-refundable option for the right to purchase the property in the future at a price that's negotiated today.
Divorce Could Lead to Eviction from Rental Property
After a divorce is completed, can a spouse be evicted from his home? It depends on where the spouse lives and who owns the property. If the home used to be the primary residence of the married couple and the spouse who lives in the home did not win the home in the divorce settlement he can be evicted. If it's a regular rental property, eviction depends on the terms of the lease. And if there's no lease, it's likely the spouse is living there on a month-to-month basis, which means the landlord must give only 30 days notice for eviction.
10 And Under Rule For Georgia Landlords
On Friday, when I last filled in for Clark Howard on the radio, someone called into the show to ask about the 10 and under rule for landlords. I didn'...
Holding Title As Tenants By Entirety
Titles can be confusing especially in regards to ownership clauses. There are differences and benefits between tenants by the entirety, joint tenancy and tenancy in common. Some real estate attorneys feel that married couples have even better protection with tenancy by the entirety than with joint tenancy with rights of survivorship.
Joint Tenancy With Rights And Tenancy In Common
Holding title in joint tenancy with rights of survivorship means that each owner of the home owns an equal undivided share of the home and in case one of the owners dies the remaining owners automatically own the property together. Changing the title to a tenants in common ownership would allow people to own a property in percentages.
Renting Apartment Instead of Buying Condo
If you're debating over continuing to be a renter or buying a condominium, you need to assess your short and long-term goals. Short term - what do interest rates look like? How do you want to use your current resources - building equity or having the money to travel? Long-term goals include where you'll want to retire and if you want to have an asset like a condominium to help support you in retirement.
Ilyce Glink on WSB Radio – July 3, 2005
Ilyce compares our current way of life with the "good old days" after WWII, when most families lived on one income and people weren't concerned with health care prices and paying for retirement. As always, Ilyce takes calls on a variety of topics, this time including immovable tenants and raising children.
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.
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.