 If value of home drops am I still liable on the outstanding mortgage? |
| What if the value of my home drops? Am I still personally liable on the outstanding mortgage? I heard that you could hire a real estate lawyer and actually reduce the outstanding loan to the lower ... |
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 Will this be a good time to buy a house, since the economy is doing poorly? |
| I'm looking to buy a house, I was wondering will this be a good time since the bank wants to get rid of them.I have no credit. What are the down payments I can expect if I was going to buy ... |
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 Why are landlords pains in the a's? |
First of all, I want to comment on alot of what I have read on here from different landlords answering questions...
Rent being a fews days late, no going past your late rent fee... why ... |
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 After closing on a house - Is it mine? |
| Buying a HUD home, Closing to tomorrow...After I sign..Legally I can go ahead and go in, right? or do I need to wait a day?... |
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 Do you think alot of people are in foreclosure because they lost the "fitting-in" game that is America.? |
Seriously, I bet the majority of people who are in foreclosure are in it because they bought their house out of social pressure (explain later) and the need to fit-in.
Social pressure is a ... |
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 I want to move to the South, from Pennsylvania? |
| I've posted a simular question here before and received mixed and vague answers. I live in North Central, Pennsylvania and want to move to an economic hotspot in the South to better my family�... |
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 Question about a home morgage and interest.? |
| HI, I am thinking about getting my first morgage, and I am confused. My broker says for the first few years I will be paying mostly just interest, and over the course of the loan interest will ... |
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 What is a resonable counter offer? |
| We are selling a duplex in Anchorage, AK. It has 5 bedrooms/2 baths, 1900 sq. ft, on a 9,000 sq. foot lot. We are asking $292,000. We got an offer for $272,000. That is too low for us to accept, so ... |
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 Where should we move? |
| My girlfriend and I are looking to move again next year. I need a city with at least an indie film community so that I can continue to work locally. NYC scares my girlfriend and LA is too far for her.... |
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 I had to damage a door because of a faulty lock, now is it mine or the landlord's responsibility to pay? |
| Hey guys, a strange thing happened. My landlord had fit in a new door, but it had problems with a lock, and I got locked in and could not get out. There was no one around to ask for help, and I was ... |
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 Is £60 a month on house bills expensive? |
| My flat mate charges me £60 for bills which includes water gas and elctric and mayb internet. Am i being over charged or is this about right? its a small terrace ... |
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 Why do people like to live in $900,000 'condos?'? |
| I live in Atlanta, Georgia. I've grown up here all of my life, and I hope to move away into a nicer area further out in the country, at some point. I'm tired of the city...it's not ... |
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 Can I be sued for past rent and damages for a home that my mother was buying when she passed away? |
| My Mother was buying a mobile home from a private seller when she passed away in March. she is still legally married to my stepfather but he is incarcerated. My younger brother lived there for the ... |
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 Do I have to have pre-approval letter just to see the property? |
I'm planing to buy a property so I got a realtor who said that he has a few properties but would not show them to me unless I have a pre-approval letter. Is this normal? Is this a must?
<... |
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 I recently bought a house and was disappointed to find out I paid exactly the appraised value of the house.? |
| Is this unusual? I thought in this market I would be paying less but that was not the case. My coworker said I should have bought the house and already had equity in it. IS that true? Don't get ... |
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 Why is it that 96% all mortgages are still being paid on time? |
| Yet America hating liberals focus only on the 4% of scumbags that should have never qualified for a mortgage in the first place?!... |
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 My tenant wants to break the lease and move out immediately. as a land lord, what should i do? |
| she says that her mother has cancer and she has to move to Texas to take care of her. she says that she got fired from her job. there is no money to pay rent next month.... |
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 Apt rental agreement question with a faulty appliance? |
| I have just gotten a new 1-bedroom apt and it came with a refrigerator. most of the apts though in this bldg and managment company DO NOT come with a refrigerator and so i noticed there was one when ... |
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Maritza B | My lease ens in April, so I asked my landlord today if I had to renew it.She said : No, its month to month.? |
She said the rent is going to stay the same. But I am a little confused. I never received a lease renewal letter.Shouldnt I get at least some kind of papers with the new terms of this new agreement? Can I move out at anytime? Can they increase my rent without warning in the future? Is this month-to-month thing good or bad? |
 |
 
☺-Hi-Tech Redneck-☺
|
Month to month is the same as youre previous lease but you are not locked into it, So you can move at any time with a 30 day notice without having to pay off the complete 1 year lease.
In my opinion it's better just incase you find something better. |
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cin_ann_43
 |
Month to month with no lease then yes they can increase or ask you to move out. I would ask for a lease.. |
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Classy Granny
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A month to month is a bad idea. She would still have to give you 30 days if she decided she didn't want you there any longer, but she is free to increase the rent every 30 days if she wants to. With a lease you are locked in at whatever the term is when you sign. |
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ebosgramma
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Read your original lease it probably says that at the end of the first lease it becomes month to month.
How much notice you need to give will depend on what is written into the original lease and on the rental laws of your state. The lease will remain exactly the same as it was since you moved in except that it is now month to month rather than a 6 month or 1 year period. This means that the landlord can change anything she wants about the lease by giving you only 30 days written notice. It also means that either of you can decide that you will move out by giving 30-60 days written notice. Not a good choice in rentals for the tenant or the landlord. |
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Ron Berue
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You could AND you should write her a letter about your conversation about the month-to-month lease.
It should read something similar to this:
March 1, 2008
Dear [Landlord's Name]:
I just wanted to write a note clearing-up the discussion we had on ______ [Date] about the property I'm renting from you.
We talked about the lease being a month-to-month lease and the rent was going to stay the same at $_____.
Thank you very much.
Very Truly Yours,
{SIGNATURE}
Maritza B.
Property Address
ALL methods to communicate with you such as YOUR phone number, e-mail address, pager, cell phone, etc.
This is what I put at the end of each of my Y! A
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name! |
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King Violation.
 |
Lease is much better. Its assurance that you will not have to move until the specified date. Even if she tries to sell it the sellers cannot kick you out until the lease is up. |
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Chuckles
 |
when a lease expires..it is the option of the owner/lessor in almost all cases to renew or not...upon expiration.. the tenant / land lord contract reverts to a *month to month"..that being stated..if you were asked to move..you have 30 days upon the request...like wise..you are required to give a 30 day notice if you chose to vacate...either way..if i were you i would read the writing on the wall...they chose NOT the renew the lease...ergo..they have other plans for the dwelling....start looking....good luck |
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OliveJuice
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It is not unusual for a lease to become month to month after the original lease term has expired. The terms will be the same as the original lease and there should be a clause in it stating that it will become month to month. You need to give 30 days notice in writing before moving out, and the landlord needs to give 30 days notice before going up in rent or changing the orginal terms. I personally think month to month is good for the tenant. |
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Tony D
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Most leases automatically roll into a month to month tenancy after term. Unless you leave or renew the lease. The original contract probably states these details. Month to month gives you a continued tenancy in the property, but only for 30 days at a time. The landlord can show you the door, with proper notice as determined by state law. Or raise your rent, again with proper notice and subject to state laws. Good for you to have the option to move out when you want, bad for you to be subject to rent increase and possible rental termination on short notice. Read your contract for specifics. Good luck. |
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