Can My Security Deposit be Raised even though i signed a rental agreement for $350?
Hello i have looked ALOT online to see if my landord can incline my deposit from $350 to $500 a $150 increase.I have be here for 9 years and my mother recently moved and me and my girlfriend are currently on the rental agreement and is my mother who resembling i said is no longer here.well when i told my proprietor she was moving he said he wishes to raise the rent $25 bucks,and put on a pedestal the deposit $150 bucks so from $350 to $500.And its suppose to be this month but i havent yet to see a NEW rental agreement close to he said he would bring by.so im paying the $550 my rent currently is until i get a exotic agreement or somthing saying IN WRITTING that they are one raised.And im assuming the basis he wants to sign a NEW rental agreement is thats prolly the with the sole purpose way he can officially raise my deposit,since i signed that it would one and only be $350 on the first agreement quite a few years ago.So please comfort me i know the rent can be raised but what roughly speaking the deposit?and am i right to wait for written become aware of??Answers: He does not need a modern lease to raise the deposit, only a reason for it. In 9 years I would suspect he have spent the 350 on damages already. Another 150 is nothing. It won't even replace a faucet.
Any agreement for the amount of surety deposit expires at the same time your annual lease expires. If you enjoy signed no additional lease since you first moved in nine years ago, you are, within effect, a month to month tenant, since you have NO lease.
Your manager can change ANY of the expressions of the lease after expiry, and when he offers the brand new lease.
I'm thinking of buying a house contained by the Silicon Valley nouns. When is the best time to buy?
I am thinking about buying my first home. I figure that now would be a pretty polite time to buy a house, since inventory levels are dignified as ever, and interest rates are down. Would not be a good time to buy or should I verbs to wait? I am wondering if interest rates will verbs to drop and house prices continuing to decline.Answers: I believe it would be a good time to buy for your exact reason. It is tough to predict the Real Estate Market but it is known to dance in cycles. Whether we own hit the bottom we are not sure yet. But prices enjoy dropped and you will have a polite selection of houses to pick from. For the silicon gorge area i recommend Sunny Valley and Milpitas if you stipulation a more affordable area.
That is a zillion dollar ask. Best time to buy is when you can afford to make the monthly salary without breaking the sandbank. Trying to time the "bottom" is a futile effort. My guess is that the interest rate will verbs to drop but the housing prices may continue to dip for subsequent year or so. But nobody really knows. I've be eyeing this one downtown San Jose' home for about a year and I made them a low bubble offer knowing fully very well that the house has be out on the market for almost a year. And wouldn't you know it? The afternoon that I make the extend, 2 other people showed interest and brought the house above the asking price. Talk give or take a few murphy's law. The moral of the story - if you similar to the house and you can afford the payments - don't wait. As long as you hold on to it for awhile - it's almost a sure entity. People that lose are people who can't receive the payments.
Also, keep surrounded by mind that Silicon valley is little more resilient than places approaching Merced. G00GLE, Yahoo, Cisco, Apple, Adobe, Intel, HP, eBay, AMD, youtube, ... (just to list a few) aren't adjectives going to go broke anytime soon. We have engineerins coming here moved out and right everyday hoping to be the part of the subsequent G00GLE. Sort of like those going to Hollywood to become next Mel Gibson. If within is such a thing as a "sure" valid estate investment - Silicon Valley is as close as you're going to get. But nought in energy is a guarantee.
Value of real estate are individual surrounded by nature to the local marketplace but it would be a great time to buy if you find the right home at the right price. Find a real estate professional contained by your area to insist on you and you will more than likely find what you are looking for. Good Luck!
Will interest rates verbs to drop through 2008?
I will be getting married in Sept of this year and be thinking about buying a bigger house. My wife to be and I both hold very stable/secure job. We are hoping that we will be able to bear advantage of the lowering interest rates. We have thought about savng up for a few more years but would really resembling to lock into a low mortgage interest rate. Also we currently own a house that we bought 2 years ago, the interest rate we re paying on t is 6.125. Would it be worth refinacing if the rates drop to 5 or lower ?(if they get that low)Answers: While clear that we still haven't hit the "bottom" yet as far as home prices are concerned, and according to a Merrill Lynch report (http://money.cnn.com/2008/01/23/real_est... ), home prices will drop another 15 percent this year, and decline will continue contained by 2009. The unknown is just how serious (http://money.cnn.com/2008/01/23/news/eco... ) will the upcoming recession be? The FED is contained by full battle presently in conflict against a monstrous deflationary force caused from the collapse of the housing bubble.
Should I buy however? It really depends on your area. Real estate is local to a greater extent, only make sure you achieve a good deal, and by that I indicate a very accurate deal. If you can negotiate a upright price and intend to live there, I'm guessing you should be okay (yes, i did utter guessing). Mortgage rates are at a 2 year low and expected to come down even further. This will make a difference and will bring within a lot of empire who were on the sidelines support into the market. Okay, I'm starting to nouns like a Realtor(TM) presently. Simply put, I don't believe you should put your life on hold waiting for the proper bottom and in some areas it may not turn out as you expect.
Be sure to do your homework and amount out what a property would rent for and and compare that to what your monthly mortgage payments would be. Here's a calculator from the New York Times (http://www.nytimes.com/2007/04/10/busine... ).
If you are planning to sell your existing home inwardly the next 3 years or so, the cost of a refinance will not claim you doing so. If planning on keeping your existing home then refinancing into the low 5’s or lower is a positive.
Make sure to price out your loan with your LOCAL bank and mortgage brokers only.
A lot populace giving advice on here are also looking to distribute you a loan (its not advice, its advertising), if they are not local to you and you can’t attain to them within 1 hour don’t trip up for it. They say they are licensed surrounded by all 50 states, what does that be a sign of? Which state do you have to look surrounded by first if something goes wrong? KEEP IT LOCAL; DON'T GET RIPPED-OFF BY SOMEONE IN WHO KNOWS WHERE WHICH YOU WOULD HAVE NO DIRECT ACCESS TO.
Remember Buddha's guidance:
"Believe nothing, no situation where you read it or who have said it, not even if I have said it, unless it agrees next to your own reason and your own adjectives sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving warning here with a .com or contact me at the expiration is "selling" you something (its not advice, its advertising). Don't buy "it."
The rates are done decreasing. When they did the first drop, they announced that they might drop again surrounded by Jan.
I would make your choices in the next two to three months. Def. up to that time the stimulus checks kick within.
They may drop 1/2% more in Feb. according to some predictions and if history repeats it will hold for 3 to 6 months, but as far as refi. numeral the difference between what it will save you monthly and what it will cost you to refinance that will bring up to date you where to spend your money. It may be best to merely go ahead and buy immediately while the rates are low and it is a buyer's market contained by most areas. Good Luck to you and your family!