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 Refinacing a new home purchase?
I recently purchase a a 2 unit building. My low credit score resulted in high interest rates. Score then was 623. My score is 664 now. Can i refinance to lower my payment. And does it cost anything ...


 How do you find out if your house is being foreclosed?
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 I need help, I'm renting a house and the renters are late with 2months of rent.How can i get them out legally?
Now i have been asking for the rent and now they are saying i'm harrasing them.The refrigiator is not working and they want me to get them a new one ,even though they haven't paid the rent....


 Can a landlord demand I give a 60 day notice before I move out?
I ask this because every other place I've lived has only demanded 30 day notice. Obiviously, the extra $650 would be a big help in my move, but I also don't want to get hit with a law suit ...


 Can i single mother get evicted from a low income housing apartment?????
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 I need advise, My x wants me to sign a quit-deed so she can sell the house,. should I ?
It is in the divorce decree that she owes me money, but she said she needs this quit- deed signed first, In the decree it said she would refinance the house to pay me instead she got remarried in 3 ...


 Please HELP! my boyfriend wants to get a joint mortgage!!!!!?
we have 2 kids together but we have a lot of issues that could potentially cause to split ( well, his issues). what should i do???...


 How much roughly would i have to put down as a deposit for a house of flat?
I know it would depend on a number of things but just want a rough idea. Would be looking for a place in south east london.... As i am a student could rent out to a friend or too (I'm only first ...


 We are buying a forclosed home that we just found out is owned by indymac. Any ideas on what will happen?
We are totally scared now. We are doing an FHA loan, so I am thinking that it doesn't really matter who the seller is, only the financing. Help!...


 Is there any morgage company out there that will finance a 30,000.00 home for someone that has bad credit?
My husband and I have bad credit and having a hard time finding a morgage company that will finance us, Is there any morgage company out there that will finance a 30,000.00 home for a first time home ...


 I own my condo free and clear, but need cash. What kind of mortgage should I get?
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 Can someone help me find a site where things are bought and sold. I believe it to be called Craig's Place.
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 Do you feel sorry for people who buy a house they couldn't afford?
1) The bank gave them the loan
2) It was a variable rate, so after 3 yrs or so they KNEW it would go up.
3) Shouldn't a person have enough common sense to know it was too much to ...


 Is it better to buy land & have your house built or buy a house that is already built?
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 What happens if you dont pay Rent-A-Center?
I HEARD IF YOU DONT PAY RENT-A-CENTER, AFTER 90 DAYS THEY WRITE IT OFF???? IS THAT TRUE?...


 Can I fight my landlord for wanting my family to move out of the apartment we've lived in for 24+ years?
I live in Queens, NY and want to know what my rights as a tenant are. We have lived in the apartment for over 24 years and do not have a lease, we pay month to month. We have never had any problems ...


 My friend inherited his fathers home that was paid off sometime in the early 70's, is there possibly equity
He is being financially challenged with upkeep of a home that is currently up for sale I was thinking before his father paid off the home that possibly there could be some money in equity his father ...


 In my situation is an interest only mortgage right for me?
I own a home, brought it in 12/04 (2 years to the date) for $242,000, the Appraised Value as it stands is $305,000 so it has appriciated $63000 in 2 years. Our current mortgage is a 30 yr fixed rate ...


 We just bought our first house?
What are some maintenance things we should be aware of? Do you have any tips? We live in NJ, the house was gut renovated, and everything is new. Thanks!
Additional Details
Thanks ...


 Is it ok to break my lease if I dont feel safe?
There is this guy who is stalking me. He keeps knocking on my door and trying to get me to have sex with him for money and trying to sell me drugs. I have no clue who this guy is. I have called the ...



landlord13
What are the dangers to renting to tenants without a lease?
have a tenant that doesn't want to sign a new lease now that his is expired, and I don't know how to go on from here.
                     
 




Laissez-Faire Guy
Rating
This is actually pretty standard. After a lease is up, all the terms are still valid, except the contract is now on a month to month basis.

If you want your tenant to sign a new lease to guarantee another period of time he or she will rent, you should offer some sort of bonus, like a 5% rent reduction, or a guarantee their rent will not go up in that period.

Quite frankly a few of the answers below mine are terrible. You can't just demand a higher security deposit. That's part of the contract you originally signed. You sure as hell don't want to evict a tenant who you would like to keep. If you feel you must have another guaranteed rental period, use a carrot instead of a stick and offer that bonus.


A_Kansan
Rating
Depending on your state, they become what is called "Tenant in Sufferage." All that means is they don't have a lease.

If the lease has expired, then you can give them a notice to vacate the premises. Usually that is a 30 day notice, but some states have longer time limits, i.e. California.

What I would do is find out what their objection to the lease is, and see if changing it is okay with you, but it should be a very minor change.

Usually, the tenant who doesn't want to sign a lease want to move, and don't want to be tied to a lease. If it is a year lease, you might get them to sign a 6 month instead.

I would go by with the lease, and the 30 day notice, and tell them that either the lease get signed or you will have to serve them.

I have it on my leases that the term is 6 months, becoming month to month thereafter.

If after 6 months you want to get rid of them, 30 day notice is all that it takes.

I don't know how many rentals you have, but if you have more than one or two, create a business name, register it if you need to, and portray yourself as the manager and not the owner.

That way you can tell the temant that you are just doing your job. You can gain their sympathy by telling them if they don't sign the lease, you will be in trouble and could get fired.

My favorite, is to call the owner a jerk. Of course, I'm the ower, but the "owner" never leaves the house. Only the manager deals with the tenants.


djjcheval
Rating
Well, most apartment complexes handle it this way. If you don't sign a lease then the rent goes up considerably for month to month renting. Your tenant can give you thirty days notice and be gone. Or you can tell them that they will have to move if they do not sign the lease as you do not lease the place by month to month. Then put it on the market.


stepup1895
Rating
they can leave at any time and may not be liable for any damage caused. Dangerous...


Megan G
Why don't you offer a shorter lease period? Six months, or maybe even three months? That way you're still protected, but they're not "stuck" somewhere for a full year.


ticketoride04
the rental biz is a dbl-edged sword, you either get a T that you want to keep on a lease or a T that keeps a pig-stye that is on a L and you want to get rid of them.
The lease gives you the advantage if the T is good, but a burden if not...The mo-to-mo is better excepting when you get a good T and he wants to take a ride on reading like yours is, and a god-sent when the T is a pig amoung other things...then you have the upper hand and can get rid on the T in 30days.
It might be advantagous for you to find out what reason the T is leaving and if you want to keep him/her; and your offer could fit in in their program as well...make them an offer they can't refuse so they'll stay at your rental over moving.
I've got 40 rentals and rent to students, and I'm always doing a 'monte-Hall' to keep full.


sexytrojan
Rating
The old lease will be valid as a verbal and month to month.


airbob61@verizon.net
Give him a thirty day notice to vacate, advising him that you only rent with a lease. It's your property, don't let the tenants dictate to you.


newyorkactor
Evict the tenant.


weswe
He can go month to month- but you might want to tell him you need to collect a higher deposit or last months rent to protect you from him leaving with out notice and the place being vacant. If he is a good tenant, It's best to respect the fact he might know he is moving in 6 months or something. Just tell him you need as much notice as possible and if he can give you extra notice he can get his last month's rent back.


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