Renting Real Estate Questions and Answers

Termination of residence next to specific duration question?

i need to move out of my home "rental" beforehand my lease ends 6/1/08 for my new mission. i found this florida state code can anyone help me please! 83.575 Termination of use with specific duration.1A rental agreement next to a specific duration may contain a provision requiring the tenant to notify the landlord in the past vacating the premises at the conclude of the rental agreement; however, a rental agreement may not require more than 60 days' notice previously vacating the premises.2)A rental agreement beside a specific duration may provide that if a tenant fails to bequeath the required notice back vacating the premises at the appendage of the rental agreement, the tenant may be liable for liquidated damages as specified surrounded by the rental agreement if the landlord provides written discern to the tenant specifying the tenant's obligations lower than the notification provision contained in the lease and the date the rental agreement is terminated. any back would be greatly appreciated


Answers: You are bound to the lease until it expires.

The statute that you mention just points out that you are required to administer notice to end the lease 60 days before it expires. You are still obligated to pay packet the rent through the 60 days.

In your case, contained by order to abandon your lease, you would have to distribute notice on or past April 1, 2008 to move out on or before June 1, 2008.

Florida is one state that does not require the proprietor to mitigate his damages and attempt to find a replacement tenant.

The landlord can set off the property empty and hold you liable until the lease expires. If you do not money the monthly rent, the landlord can sue you for adjectives monies owed.

>2007->Ch0083->Section%20595#0083.595http://www.flsenate.gov/statutes/index.c...

Has anyone have nouns next to lender to extend a balloon mortgage?

Had a house which turned into a rental (tried to sell for a year) when we bought bigger house to accommodate growing domestic. Due to income, this funky loan was merely 'bridge loan' option. Tried to refi into fixed, but recent sale in home's nouns all foreclosures -put our appraisal really low and now appear upside-down on mortgage by $20K. Cannot afford to bring difference to table. Spoke near lender about other option and were advise to fax letter outlining situation, asking for renegotiation. We'd resembling to just extend the current jargon for 5 more years. Loan comes due end of Feb. Lender will not endow with us any idea of when we'll know - recounting us this is all bright to them, too, with so plentiful people stuck contained by similar situation. Our credit is in the 780s and we salary everything on time & within full. Currently have committed paying tenant within home.
Short-sale not an option.

If you've have success (or not) contained by renegotiating with your lender, please share your story and advocate.

No lectures, pls. Thanks!


Answers: As a lender we will extend balloons. Check your loan documentation for an extension clause. Many lenders do hold out extensions for a fee. It also depends on if you enjoy a private hard money type loan.

Is it legal in pa. for landlords to charge tennets to heat the common areas of the building i.e. hallways ect?




Answers: In PA there are two ways to legally split utilities. Either (1) there is a charge levied against all the tenants that covers the cost of the utilities and the utilities are on one meter or (2) there are separate meters for all utilities for each separate zone (common, and each unit).

It is not allowed in PA to have a split meter system and have one tenant responsible for more than what is inside their unit.
i am not sure about the precise legalities here...but i have some info for you that might give you something to go on...i am renting an apartment in pa...my electric bill was ridiculous so i called the local energy company and disputed the bill...they came out and we found that we and only we, were paying for the heat and electric in the common hall that our neighbors ONLY use AND are paying for the electric in the basement...NOW, get this, the washer and dryer are in the basement so we are paying for that electric when we and our neighbors do was AND we are paying 1.25 for each load in the wash then the same for the dryer!
the energy company immediately put ALL electric in the landlord's name until april 15. She has to put a new meter in the basement and cover those areas. The energy company said they had to do this because, if it stays in our name and say we don't pay our bill and peco turns our electric off, those areas would not have electric...so if the neighbors fall and hurt themselves, the electric company would be liable if sued!
so i say call your energy company, tell them you want to know what you are paying for!
hope this helps
its legal to charge u anything they want to if its in ur lease.

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