Which is better ??
Rent To Own or Contract For Deed ?? I live in MinnesotaAnswers: i preffer contract to action because your not paying for rent, but allot of people can't afford a unusual house, or dont quallify for a loan so things dont turn out wonderland just but. Thats why people own to really budjet now days. It allso plays an substantial roll in in your favour money too. IF your one who cant save, afterwards you'll end up renting for life span. finding a home is also the location ,it's really important. economically im renting right now ,but if i have the money now I'll buy the action.
Although my lease ends Jan. 31, my hotelier is clich¨¦ that I must settle rent through Feb 15?
In November I requested information on the coming rent increase, but the landlord said that they distribute that information 30 days before the lease is up (Jan. 31) and that I afterwards have 15 days to consent to them know what I will do. I got the become aware of of rent increase on Jan. 1, and then notify them on the 15th, at which point they told me that I owed through Feb. 15. In fact, since the ingenious notice of rent increase, which be far too high, they own made several other offers, the concluding one on Jan. 10th. Am I on the hook for the extra 15 days of rent when I didn't even know what that rent would be? I feel approaching I've been with intent mislead.Answers: Well.. you have to look at it from a contractual point of display.
You were properly notified on Jan. 1 that an increase will be taking place. You then have 15 days to notify them that you would be cancelling the agreement. According to your lease contract you must notify them 30days prior to your departure, thus that 30 day counter begin on the day YOU notify them you are going away. Since you notified them on the 15th, you must run through the 30days per the contract.
The opening this could have be done to prevent this issue is that the day you be notified of the rent increase (Jan. 1) you notify the lands lord that you are terminating your lease. This would own ended your lease on Jan 31. Then, if they required to negotiate a different rate you could have done so anytime up to that time the move out date.
Sorry... but in these kind of cases, it's the contractual requirements that must be followed.
Hope this helps and Good luck!
I believe that the regulation states that you must give a 30 year notice when moving out. It seem the landlord be a bit shady, but he DID tell you on Jan 1st how much the spanking new rent would be. At that point you should have give your 30 day become aware of if you felt the latest rent was too illustrious.
BUT, if the landlord told you that you have 15 days before the lease be up to tell him if you be leaving, next he is trying to pull a rapid one on you..If he wants to quote the 30 morning law, later yes, you owe through Feb 15th. Next time, make sure you dispense the 30 day make out.
Yes, you are required to pay the secondary 15 days at the new rental rate.
It's a adjectives negotiating tactic landlord's use. In most states I'm aware with, tenant are required to provide a 30-day move-out notice and landlords are required to provide 30-day rent increase distinguish. Landlords have no incentive to supply tenants new time to shop around for better rates, so they wait until 31 days beforehand the end of the lease to post the unsullied month-to-month and lease renewal rates.
I'm assuming the other offers the hotelier has made own been lower than the January 1 bestow. Generally, I don't believe the landlord have to give you 30-day thought to lower the rent.
Your only hope is if the proprietor screwed-up the language of the increase spy. Check your rental agreement, rent increase notice, and state law. Most rental agreements automatically convert to month-to-month agreements after the end of the lease occupancy. So, the January 1 increase notice should hold specifically stated what the month-to-month rate was increasing -- not only just the lease renewal rate.
Good Luck!
Jed, lets capture real very soon; the lease rental agreement states/or should state specifically that your lease term is up on a finicky date. That's the date ALL relationships end near the LL unless you want to stay longer and the LL will allow you.
Your lease is window surrounded by time that that rent price is locked in for, and beyond that date its up for grab for you to work out a price with the LL that you can live near and stay in residency.
Therefore if you do not come to an agreement beside the LL, you must simply be out on 1/1/08, or pay the LL's up charge for tentative rents on a month to month basis.
Really forget adjectives the deals made b4 next to the LL, he can up the monthly chg by whatever they want, because your time is up on 1/31/08 and its a contemporary day infant, and the LL knows it.
I am a property owner and LL of masses units, and if you are have trouble now, see in your mind`s eye what it'll be like when you are on a MTM near the same LL. I transmit you this because of facts and not because I have any allegiance to the LL syndrome.
Move out and return with on a new playing area or pay the piper!
a lease is a lease for a term of time, the landlord can do anything they want when the lease is over
I own a home, and I will be getting married this summer. How to I add my wife on the mortgage/title?
Answers: Walk into the Land Title Office and add her to the title of the property. It is less that $100.00, and you don't need a lawyer to do it. The bank can add her name to the mortgage when it's time to refinance.
To Title, it's easy... call the same Title Company and for a small fee they'll add her. If you want her on the note, and therefore liable as well you need to talk to your current lender about requalifying or refinancing your current loan to add her. They will need to review her credit, income, liabilities and assets.