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

 I have an ARM with a penalty phase getting ready to end. Where do I start to refinance?
I know that everytime my credit is checked, it is a hard hit on my credit. I want to shop around for the best rate, but want to do so in a way that will not be detrimental to me....


 Is it worth avoiding paying PMI on a mortgage and withdrawing some money from retirement funds?

Additional Details
was thinking to take out 10K from retirement funds as a first-time home buyer (hardship withdrawal) to make the 20% down....


 What do a person need to do when someone want to buy a house from start to finish?
first time and don't know ...


 Do I still have to go by a lease when it when it ended 6 months ago?
I have been living in my apartment for a year this month. Our lease was month-to-month during that time, and now of course we are month-to-month, but without a valid lease. We have been paying on the ...


 Any help out there to prevent foreclosure?
I am about to have a huge problem. We took out one of those New Century loans with a low (ours was not that low but...) intrest rate for two years and then they can rais it. We had planned to ...


 Are the any government grants out there to help a low income family buy a home?
Are there any government grants out there to help a low income family buy a home. I'm a first time home buyer and I can never seem to same any money for a down payment. The cost of the home I ...


 Can i charge late rent fees to my tenants?
I have been a landlord for about 15 years now and never charged late rent fees to my tenants. I have had lots of problems and think its time for a change. Does anyone know what the process is for ...


 I was given an inflated real estate appraisal. What can I do?My sales price was based on it.?
I purchased an investment property last year whose price was based around an appraisal which I now believe to be inflated. In looking at other appraisals, the numbers used are very different. They ...


 As a HOME BUYER, how does this make you feel?
The national association of realtors brags (see link below) that home sellers that used real estate agents to sell their home received a 15.4% higher sales price than sellers that sold their home ...


 Just who are all of the people defaulting on their home loans in America.?
These people made false statements on their applications, and some unscrupulous lenders aided these home buyers.
What is the demographic on these people?...


 Lease Tenant Changes?
I am a primary tenant of a townhouse in Virginia. My wife who also signed the lease recently left. She has no intention of coming back and I would like to know by law what are my rights as a primary ...


 What right s to access does a balliff have to your property?
...


 I would like to build my own home on my own land in atl without HOA or communties .is this possible?
close to the city as ...


 What should I be studying if I want to flip a house some day?
It's a dream of mine to flip a house. I don't know anything near what I need to know in order to be successful. Where can I begin to learn the necessary information so that I can be well-...


 What are some ways a single mother on an average income purchase a house?
...


 Does a house need to be fully rehab before an appraiser can appraise the house?
The house right now is usable and functional. There are a few things need to be done like putting screens on windows, replacing the kitchen cabinets, and putting doors in bedrooms and closets. The ...


 Is it normal for a landlord to charge a full month even if you move in in the middle of the month?

Additional Details
the rent here goes from the 15th to the 15th. I moved from ny into this place on the 1st. they insisted i pay from the 15th to the 15th.i also paid a security deposit....


 I purchase a duplex built in '05. What typically happens with the security deposits from the current renters
I am looking at buying a duplex in lehigh (uhg I know its a risk)

the one I've been eyeballing has both sides currently rented out. IF the current owner/landlord collected a security ...


 How do first time homebuyers with no credit or fairly bad credit find a good deal on a house?
i have no credit and i have some bad things on my credit like hospital bills. i havent been working very long is it possible...!!!!VERY SERIOUS!!!! what about forclosure houses.. *how do i go about ...


 Where in Ontario can you buy an affordable lakeside cottage - preferably two hours from Toronto?
...



Grunley
Renters inadvertantly set fire to my house. Are they entitled to the remainder of that month's rent?
The house is in Columbus OH. The house burnt on the 10th of the month. The renters are now asking for their security deposit and the pro-rated rent. Isn't this something that should be covered under renter's insurance? My insurance doesn't cover my loss of rent, i.e. the mortgage.
                     
 




Landlord
Hell, you can sue them for damages and have pay you for a very long time!

They want their deposit? That is HILARIOUS!!!


acermill
Rating
Let me get this straight. These clowns set fire to your house (inadvertently or otherwise) and they think they should get pro-rated rents and a security return ??????

Give them NOTHING. The security deposit is there to cover damages and unpaid rents, and I'm guessing that the amount you have isn't going to come CLOSE to covering your loss.


Expert Realtor
Yes, you are correct.

The insurance company will reimburse them for "loss of use" so they will be able to get another place to stay and their insurance will pay for it.

They are not entitled to their security deposit back, becuase I think we can all agree, they burned the place...and your insurance company will need to decide whether to go after their own renter's insurance or not for reimbursement.

However, YOUR insurance SHOULD cover loss of rent in the event of an event such as this...because is could be a couple of months before you get the place in shape to rent again.

I would have a frank discussion with your insurance agent, because my policies with State Farm does cover that.


bcyouletme
Rating
Renters insurance will generally cover the items in the home, not the rent payment. THEY set the house on fire and want their security deposit back? Hire a real estate atty and ask what the provisions are....since they didn't give 30 day notice due to the fire, the situation gets tricky. And since the deposit is to offset damages, which there CLEARLY are...cover yourself and ask a pro. Sorry :(


Meghan
I dont know the law, but they shouldn't be entitled to anything back. In fact, they should be obligated to pay the remainder of their lease agreement as well. Hire an attorney to find out and draw up paperwork.

You should be able to sue them civilly for loss of rental income since they are the ones responsible for the fire. Depending on how it started, they could face criminal charges as well.


budhah1
The renters have no recourse, and are actually responsible for the damage of the fire. Your insurance carrier will inform you of the local regulations. Had one renter that had a pop tart catch fire, The insurance company went after them to pay the damages as they had renters insurance.

No return of deposit or rent, and they are responsible for damages in excess of deposit.


talldude
Rating
I would check to see what THEIR liability is in this case.
You may find that, if they are legally at fault, you might be able to keep some or all of the deposit due to damage or loss-of-use.

Only an attorney can tell you that.


the_original_fyrbyrd
I wouldn't think they'd be entitled to any refund until an investigation is completed. If they are at fault for the fire, likely your insurance company will pursue them for damages. I hope they had renter's insurance. (You do require that, don't you? I do.)

If you have a business policy against your rental, which you should, your policy should reimburse you for lost rental income until the house is once again habitable. If you do not have a business policy, you may have another set of problems on your hands all together. Contact your agent and verify your coverage.


standing when
we had a fire, my 3 kidswere able to get out & the sitter,(i was at work), my oldest was the likely suspect(age 3).........our landlord returned our deposit & it was very much appreciated...........we had lost almost everything.........it was a gesture that i'll never forget


 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