Posts Tagged ‘Lease Agreement’

Renting from Family

in Find an Apartment on by

Renting a room or apartment from family may sound wonderful at first. Before you pack your bags, why not sleep on it for a little while? Letting the idea sink in and ensuring this is the right thing to do may end up saving you some time and a relationship. This time may also enable you to decide what you are going to do to ensure that your renting relationship is at a business level, securing your personal/family relationship. read more

Renting from an Owner vs. an Apartment Manager

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You have narrowed your apartment search down to two possibilities. One is managed by a property management company (PMC), or is a part of a large group of apartment communities (e.g., AMLI, Archstone-Smith, Equity Residential). The other is managed by an individual owner who may own a few properties or just the one rental you're looking at. Before you sign on the line, you weigh the pros and cons just like you are supposed to. What side of the list does this fall? Is it a pro or a con to rent from an individual landlord? read more

Top 5 Tips When you File a Complaint

in Legal Issues on by

You've moved into a new apartment, your stuff is unpacked and you're finally settled in- and that's when you notice it. It might be the neighbor's insufferably loud music, a broken security gate, a clear fire hazard or water that smells like sewage running down the only set of stairs to get to and from your apartment. Get ready to file a complaint with your landlord or management company, because little will get fixed if you don't. But first, you'll need to take some steps to make sure you come out on top. Keep these five tips in mind to ensure that your complaint will not only be read, but that some action will be taken. read more

Ciao, Landlord: Writing a Lease Termination Letter

in Legal Issues on by

Are you ready to leave your tiny, expensive apartment for a bigger, cheaper, better place? Congratulations! But before you hire the movers and turn in your keys, you have something to take care of first. You'll need to write a lease termination letter to your landlord. read more

California “Notice to Quit” Requirements Change

in Help Me Now! on by

California "Notice to Quit" Requirements Change: As of January 1st, 2007, new legislation has changed “notice to quit” requirements for California landlords. A notice to quit is a formal notice ending the rental agreement or a request that the tenant relinquish the rental property to the landlord. The new legislation requires landlords to give tenants a 60-day notice to quit, rather than the former 30-day notice requirement. The law only applies when the lease term is month-to-month and the tenant has rented the property for a year or more. If you are a California renter, keep these facts in mind: read more

Negotiating Rent When Resigning Your Contract

in Saving Money on by

When it’s time to renew your lease, you don’t necessarily have to succumb to your landlord’s demands. If you’ve been a good tenant, you can engage in some savvy negotiation to get a better deal. It’s always easier for the apartment management to have a guaranteed good tenant than to have to seek out a new tenant with unknown payment and residential habits. These suggestions may help you get on your way to negotiating a better agreement with your landlord when re-signing your lease. read more

What is a Lease Purchase Option?

in Legal Issues on by

A lease option gives would-be buyers the chance to purchase a home, apartment, or condo space after renting it for a certain amount of time. There’s usually an extra fee paid at the beginning of the lease term that will allow you to enter into the lease-purchase option. Lease-purchase options are sometimes offered when the housing market is slow, in part to entice people who may not otherwise be interested in or capable of purchasing a home. Depending on your situation in life and your home-owning aspirations, a lease-purchase option may be appropriate for you. Some of the pros and cons of the lease-purchase concept are covered below. Some agreements put part of your rental payments toward the purchase price; others might only give you first option to buy if the owner decides to sell the property. Keep in mind that the situation will vary with individual contracts and agreements, so make sure you understand the full terms of the deal before signing anything. read more