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 Which type of mortgage is best?
Which is better, 10 yr fixed mortgage or a 30 yr fixed with extra principle payments?...


 Am I wrong or is my mother?
I made several financial mistakes which have hurt my mothers financial stability. She had financed a house for me which I was responsible for making the mortgage payments. As of know the house is in ...


 If I add a 2 car garage to my house, would I still have to pay PMI?
If we add a garage to our house and that makes the value go up, would we still have to pay PMI insurance? We are paying 80,000 for the house and there is no garage. If we added a 2 car garage would ...


 How to handle the Death of a Tenant?
My tenant passed away last week. Aside from the fact that she has not payed me the rent for June, she is survived by her 17 year old daughter and 14 year old son. Is it legal for me to vacate them? H...


 Is it true that estate agents wait until a friday ...?
before giving you the keys to your house?

What day did you get the keys for your home?...


 How do i look up?...........help?
How do I look up what propery or building used to be on the land where I live at now? I want to find out because I think my apartment is haunted. Does anyone know of any websites where I can look up ...


 Can anyone suggest a good company to refinance with?
Has anyone ever heard of Refinance.com or refinanced with them?...


 What adds value to a house?
Please help i can't decide!
What adds more value to a house-:
Having 2 reception rooms (1 lounge, 1 dining room)
OR
1 lounge and a big kitchen, diner

My house has ...


 Does having a pitbull next door make your house harder to sell?
We don't have a fence between our yards. The dog is in a large fenced cage.
Additional Details
Pitbulls are not banned in MI. We are not allowed to put up a fence....


 Buying a House - Making a low-ball offer to a "DESPERATE" seller... Advice???
Found a 12 yr old 3,200 sqft house we want to buy that needs some work. It has been moved 200 yards to make way for a new development. Its structurally sound but needs new kitchen countertops (...


 What rights do tenants have if a house they're renting is taken over by the bank (landlord not paying mrtg)?
We found out a week ago that our landlord wasn't paying mortgage on a house he leased us, and it's up for foreclosure, some huge company took it over, and are evicting us, giving us $500 to ...


 In a financial nightmare, mortgage?
Help!
We live in flordia and now owe more than the home is worth. we purchase the home 3 and a half years ago for 225k. we got into one of those ARM/intrest only gigs. well the first three ...


 Should me and my common law girlfriend buy a house together??
I have been living with my girlfriend for the last 5 years and we are looking at purchasing a new home....TOGETHER... is this a good idea...or should we wait till we get married... not really in a ...


 Can my landlord deduct £570 from my deposit? Is it legal? Can I dispute it?
I have recently vacated a flat that we looked after impeccably. The landlord claims to have found a small stain on a mattress that he describes as the size of a finger nail.

He is now ...


 The owner of the house !! HELP !!?
The owner of the house I live in told me that in 3-4 weeks I'm going to have to move out !

She put her house For Sale on November of last year, but in the area we live it's very ...


 If my home went into foreclosure, how could I protect my bank account savings in order to start a new life?
I have heard that creating a living trust might not protect me nor my assetts, particularly if I'm a beneficiary to trust designee, and the one that created the trust. I have 2 kids that I could ...


 Getting a Mortgage with credit card debt?
My credit score is about 605. I have several credit cards with balances near the limits (about $45k), but no other credit problems. My wife's credit score is about 640, with little debt, but ...


 How can Californians pay 500,000 for a small house and here in Texas you can get the same house for 50,000?
DO they make that much more money in california?...


 I have 2 houses? One is primary and second is a weekend home about 50 miles away. I want to refinance primary
The problem is that I am over 80% LTV on my primary residence. Can I do a FHA loan? I am currently at 90%LTV. Is this the best thing to do? Anyone have any other suggestions? Even with PMI on a FHA ...


 I'm trying to sell my house. Other than obvious stuff is there anything I can do to make my house sell faster?
I need my house to sell between now and Jan 1. What can I do in my house to make it look better to buyers/stand out? I own a small two bedroom house and I don't have tons of cash to give away as ...



Ozi
If I want to increase the rent of my tenant in the UK at the end of the agreement how much can I do it by?
Should such a clause have been included in the current teancay agreement or if I want to retain this tenat am I entitled to increse the rent by a certain percentage for the new tenancy agreement?
                     
 




SARA H
unless there is a clause in the contract then you can legally do it by any amount you want but you dont want to scare your tenants away or make it unaffordable for them to be there.

I would recommend between 10-15% however talk to your tennents first and make sure that this is within their budget.

Have a look at www.rightmove.co.uk at similar properties and their rental value at present also look in talking to letting agents and see what they would advise.

It is much easier to keep a nice tennent in the property so dont be too harsh. Once the increase is in place present them with the new agreement and advise that this is due to inflation etc and write them a personlised letter with a break down of your reaserch etc, this will mean they are less likely to run a mile!


The brainteaser
Rating
as much as you like


Mr Trend Vampire
u can but only if your current tenent agree, u can get them to do this by paint the flat or puttin new carpets so u can justify it, but u might hav some probs, if u do really want hight rent then mss me im an agent based in e1, we cover from shoreditch - down to stratfor n doclands!


.
if the old agreement is at an end you can charge whatever you like with the new agreement but dont get too greedy or you will have an empty house and an agreement only you agree with


toscamo
Rating
You can charge what you like for rent if it's a new agreement, but if you want to keep your current tenant you should give them at least 4 weeks notice of your intention and explain exactly why you're putting up their rent


DolphinLami
Rating
Don't increase it more than 10% of the current rent. hae to take into account that there is inflation felt by both you and the tenant. So be fair, not forgetting that you also want to make money. But don't be greedy. Also, if it is a good tenant, you might want to keep them as good ones don't come by very easily.


fel t
Rating
you will more than likely have to notify the tennant in writing so that they can decide whether or not to stay in the property


Jo_Diva
I'm sure it can go up with the rate of inflation, any more than that is surely against the law...


ardha11iday
It depends on the clause in the contract!Usually its by the rate of inflation, but today the Bank rate is considered to be fair.
However if you don`t want an empty flat, negotiate with your tenant and agree as to the conditions such as decoration,security and maintenance of the property. You are best going through a mediator such as The Rent Tribunal.


voodoobluesman
Rating
You can try to increase the rent by as much as you like, but likewise they can contest it and get the local council to get you to only increase it by what is reasonable for the area.


CannisRedGlare
Explain to the tenant that you're struggling financially and then work out a plan that works for both of you. I'm sure he/she wouldn't mind paying £10 extra a week if they know they're helping to keep food on your table.

Just be sure not to go and collect the rent in your new Porsche 911 or flash BMW.


ticket2ride
As much as you like - but of course the tenant doesn't have to continue to rent from you - if the lease ends they can move if they feel that the rent is too high!


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