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 Interest Only Mortgage?
Can someone break it down for me?? If I get a home that is 250K and I only pay the interest, will I build equity in the home?? Hope I dont sound stupid asking this!!
Thanks
Additional D...


 My landlord is selling the house we live in.it is being shown today.The realtor said we cannot be in the house
I have talked to several peole that said I don't have to leave my house.Is thet true???...


 Landlords: How do you screen tenants to avoid deadbeats?
I verify references, employment, former landlords, and still have problems with paying the rent and skipping out on the rent. I have taken to filing evictions just so there is a public record to ...


 How do I find out who owns the mineral rights under my house?
We bought our home last winter and we recently received notice that they may start drilling for gas around our property and may eventuall move to our property. I know that we don't own the ...


 Is a propery worth more or less by removing the bath?
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 Need help to stop foreclosure on my home. need to sell quickly?
am a couple months behind on my payments and want to sell now. am not looking to make a profit just need to get what i owe....


 Which is harder to clean up termites or mold?
I have two houses I am considering buying. One has "a bad termite report" (whatever that means) the other has a lot of mold on one outer wall of the bedroom. Which would be worse?...


 I live in a duplex and my landlord is selling the property and did not even tell us. is that legal?

Additional Details
we are not on a contract anymore and now on a month to month base. what can happen?...


 How to look for a place to rent in another state?
I will be moving and would like to move to another state, I am thinking about Missouri. But would like to find a place to live before moving there. Is there anything on the internet that would help ...


 Can I buy a house without upfront closing costs?
I have a good credit score, (784) but not much in savings. However, I think the time is coming soon for me to buy a house. I just want to start preparing now and I am tired of paying rent....


 What motivates a home buyer to place an offer on a house?
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 Accept a check for first, last and security deposit?
I am renting my grandmothers house, never been a landlord before. I am due to sign a lease tomorrow (prorated for the month) and collect the first and last month rent, and security deposit. What ...


 Is it harder to get a foreclosed home to buy for a first time buyer then a regualr priced home?
What are the step to getting a forclosed home. for first time buyers in CA....


 Can anyone buy a house on $28k income?
When I talk about renting everyone says "you are throwing your money away" and talk about 1st time buyer programs. But do I have any other choice than to rent when I live alone and make so ...


 I think I have a bug problem. I rent so is it my responsiblity or my landlords?
The landlord didn't want to fix the broken phone jack in the house said it was my resp. so will this fall under the same thing? I've looked online and can't find any info out. I'm ...


 How much does it cost to live on your own with a roommate?
i am going to be out of high school pretty soon and i was wonderin how much it took to live on my own with a roommate. i was thinking an apartment around $450 would be good since my roommate will be ...


 Been renting for 19 years now landlord is putting house on market. we had no lease. What if any are my rights?
Ineed to know if he can ask that I move ANYTIME or does he leagaley have to give me some sort of notice or even evivtct me?
I'd just like to know what my options ...


 I have bought 1 acre on the moon what should i do with it, what crop is suitable for lunar soil if it has any?
i bought it from http://www.moonestates.c they are very good and its good value land too! Only about £20/ acre. Anyway i was thinking of buying a hundred or even a thousand acres, well why not its ...


 How can I find out who is in charge of an abandoned house?
I am curious about purchasing it!...


 Has anybody ever gotten thier deposit back after moving out of a rental house?
Everybody keeps saying we'll never see our money no matter how nice it looks.I even took vidio of how it looked before and after we moved in and it looks great....



Kristy F
Awful tenants: what can I do?
Today is Jan 27, our tenant's rent is due by Feb. 1 (but they never pay on time) I want to update/change a few things in the lease ASAP. Can I change the lease at any time and have them sign it or should I do it a certain time during the month or what?
Additional Details
My main thing that I wanted to add was a no smoking clause in the lease. They KNOW they are not suppose to but it's not in writing, I know, shame on me. The rent is due on the 1st of every month with a 10-day grace period. So if they pay on the 5th, I guess techincally is n't late????
                     
 




tink
You cant change the lease at all if you all already signed one in the beginning. You can, however, evict them for not paying their rent on time.


realtor.sailor
You can change the terms of the lease IF your tenant agrees with the change. If they don't agree, then you are stuck with it until the term expires.

realtor.sailor


Designer~Wife
Rating
If they have a lease, you are bound to that lease until it expires (usually 12-months) - You can make your changes/updates to the next lease, but not the current one.


schwildcat1977
NO! You CANNOT change anything on a lease mid term. You can only change things when the lease is renewed.

If they are on a month to month then you can change anything at the beginning of a month and with 30 days notice.

Kind of - they are technically late by paying on the 5th, but with the 10 day grace period you cannot charge late fee or do anything about it unless they pay past the 10th.


TrickyD
Your lease agreement will have certain stipulations on it I'm sure ..such as when they are obliged to pay the rent. If they are not adhereing to the original agreement then they are in breach of contract. There are probably details of what either party can do in the contract when a breach ocurrs. These will include periods of notice for any changes in the agreement. As long as you adhere to the periods required you can change the agreement. Make sure you get any new agreement signed and witnessed if you can.


the d
Rating
no.

what you can do is if they are like more than however many days late it says in the lease you can legally eveict them.

honeslty we need more info to properly answer this one.


reenzz
If all parties agree to a lease addendum...it CAN be done and is quite legal.


Lyndsey D
Rating
If there is a written lease, then generally it cannot be changed unless both parties agree to the change. Is the lease instantly renewable or do you need to renew it. If you do have to renew the lease at the end of your tenants lease, then you may make the necessary changes then without them agreeing to it. If you want to evict your tenants, you can do so without any notice at the end of their lease. If you do not renew the lease, but continue to have your tenants living there, then they are classed as a month to month tenant, which means they have an unsigned agreement until the end of that month from when you took the money for rent. That basically means give your tenant notice for a month.
If I was you, I would consider getting yourself new tenants, because if they are causing you trouble now; then the chances are they will cause you more in the future. You can't beat a good tenant


RuthAnn
Leases can be amended at their expiration date -- usually year to year. Be more careful about your next tenet -- always check references, but be careful. I had someone give a good recommendation to someone who wanted to rent from me, just so they could get rid of that same tenet. That was a surprise. So U really can't be too careful. Ask for references, follow up on them, and use your own intuition about how these people are going to fit into your rental.


gafpromise
Rating
If you're in a fixed lease term, you can't change any of the terms until it expires. And if your lease gives them a 10-day grace period to pay rent, you have to stick to that and can't evict them for paying 5 days late. Yes the lease can be changed if both parties agree mutually but I doubt that will be the case and you can't make them agree to it.


Rina
I say you kick them OUT!!! and if they don't get the police to kick um out. don't let them take Advantage of you.


Penny S
I am sorry to say that you can't force them to sign a new lease not if the old one is still in date.HOWEVER if you can get them to agree to sign a new one as though you may have misplaced your original copy here's a good way ( agree to back date it from the original date of the first lease) this will help in putting their guard down.
Is there a date that rent must be received? If so and you can prove there rent is generally late then you can make them move. You just have to go to your local courthouse and ask for a eviction notice then the officers will serve it. Depending on your state determines the amount of time they have to leave the property. If any damage is done then small claims court will make them pay plus any fees or court cost you are out of..


Tia L
Rating
Consult an attorney in your state. Landlords really tend to get the shaft while lousy tennants are well protected by law in most states. Even if they are violation of the lease you can still lose in court. Get real, legal advice on this one. Good Luck.


Gina 7
Rating
Being a landlord myself, I wouldn't worry about the tenants being a little late. There could be a reason and you should be understanding.
If you have a problem with them paying late then add a late fee.
You can rewrite the agreement and stating that there will be a late fee charge. I went from monthly to weekly because I wanted to make sure I was going to recieve my rent. If I didn't get it within 2 weeks they were evicted. Just some tips from an experience landlord.


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