Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 What would a million dollars for a house buy in your area?
in mine it would buy a four bedroom two story home with three and a half baths built 15 yrs ago on an acre or so. hbu?...


 Terrible landlord. I am moving and want out of my lease. Afraid of eviction?
I live in Georgia. I am pretty well versed on eviction in Georgia. I am moving to Alabama. My lease is not up till next July and I am not willing to wait. I live in a badly run complex and my ...


 How did people have homes before banks invented mortgages for the sake of profit?
With a mortgage you don't even own the house until 30 years later after you make all the principal and interest payments which means you end up paying double the original purchase price. There ...


 Does anyone know if I claim bancrupcy can I keep my house and my car and continue making payments on them?
...


 Is $35,000 a year considered a good salary in california?

Additional Details
if not what is considered okay?...


 Questions to ask when purchasing a home.?
My spouse creature and I are going to be buying a home for the first time soon. I need to know what questions I should ask about each home I view.

If there are specific issues with ...


 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?
...


 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?
...


 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 ...



tkessandoh
Missed 3 months of rent on my apartment with no lease?
My friend signed a lease when he moved into his apartment. But the lease expired about 1 year ago he is still in the apartment but missed paying the last 3 months for rent Aug Sept Oct. He owes $3,600.

Since he did not sign a new lease can he just not pay the last 3 months and just leave? Or will they sue him even if he did not sign a new lease?

This is in New York State
                     
 




fraz
Rating
pack your bags your movin out!!!!


OG
He will definitely be sued. When a lease expires and it is not renewed it automatically puts things into a month by month contract.


linz_b
yes they probably will sue. if he didn't renew his lease, it automatically becomes a month to month lease, in which case he still has to give a 30 day notice before he can move out.


Angie
You need to read the lease that he signed. Even though it is no longer in effect, many times the lease will say that if you don't renew the lease, the terms in the original lease stay in effect until one or the other party gives proper notice. That means that rent is still due and that they can sue him for it.


tobelove75
Rating
Not only does your friend owe for the three months of rent that accrued once the lease ended, he/she might owe more. Leases make it possible to keep a fixed rent, the owner knows you are going to be a good tenant staying for a set term and therefore agrees to let the renter live a fixed rent. When the lease is up the owner has the option to increase the rent. And your friends rent might have gone from $1200.00/mth to $1300.00 (example). In addition, your friend is going to have a more difficult time finding a new place now that he/she has damaged their rental history.
And to put icing on the cake, the owner might sue for interest, as well as keep the deposit $ for the slightest damage.
Bum move man.


bostonianinmo
Rating
If there is no written lease, he's automatically on a month-to-month tenancy unless the original lease says otherwise. Some leases automatically renew if no notice is given.

At any rate, he owes for the rent and should count on being sued AND evicted. As a former landlord, I'm surprised he hasn't been evicted yet -- if he were my tenant he'd already be gone!


Ask M
he has no defense to say he left and was never there because
the electricity and phone and cable are still connected,
he owes the money


Weimaraner Mom
He better pack his bags because the landlord will and can evict him for non payment of rent, along with ruin his credit and place a judgement on his credit. Just because his lease expired doesn't mean he's not legally bound by it any more, he's just considered a tenant at will and a month to month tenant, the landlord can give 30 days notice to vacate, however, I'm surprised the LL hasnt' placed a 7 day notice to cure along with a three day notice to cure or vacate.

If your friend doesn't want to find himself in court being sued for the $3600 along with legal fees and court costs then he better pay up. He can't just leave and not pay it'll put a lien on his credit and it will follow him whereever he goes preventing him from renting any where else.


brandyrhi
Rating
Most standard leases have clauses in them stating that the lease will automatically renew unless you give notice to vacate. Read the lease agreement!

He is very lucky to still be there. I would have evicted him after the first payment was due.


Classy Granny
In PA if you don't sign a new lease it goes into a month to month. You still owe rent each month and you can be sued if you don't pay it. If you get sued it cost you not only the rent but court cost. Best to pay up to date even if you are leaving.


☆BTriX☆
Morally he should pay them for the time he stayed there!

That's essentially stealing!


The Handyman Pro
Rating
he still was in the place the lease was only to protect both parties as to the price and time of his/her stay in the unit

he will most likly be sued and lose plus cost of court and or attn fees if it was in the org lease


T
Rating
When you don't sign a continuing lease, your rent continues at the same dollar amount and with the same stipulations on move-out.....such as one month notice. He cannot get by without paying. If he runs, they will first try a collection agency, then they will sue. And then there will be all kinds of processing and administration fees. The bill will triple, at least.


Open Book Advisorsâ„¢
If he were my tenant -
he would have been escorted out 2 mos ago by a couple of sherriffs.

If the landlord has let it go that far...........they are clueless.
He actually owes 4 mos worth. He hasnt given notice and hasnt been evicted.
Maybe the landlord will lose the property to foreclosure since he hasnt paid the mortgage. He sounds like a professional loser.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.044
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy