 I'm not in foreclosure yet but i know I can/t keep up my payments should i volunteer to give up my house? |
| Due to a substansal cut in income i am barely hanging on. 3 years ago my home appraised at 90.000 since then i have put another 10,000 in it and only owe 65,000.Will the loan holder be easier to work ... |
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 What can my landlord do if i break my lease? |
| My lease says the rent check is to be cashed every Monday (I pay weekly) but the landlord cashed the check on a Friday when the money wasn't in the account, (I get payed Mondays) and it overdrew ... |
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 Bad debt and Homeownership? |
| Yes Im trying to get pass paying rent, my rent is like paying my landlords mortgage..$1600, but I just can't get pass the debt I have along with rent due Im in the hole $1475, mostly payday ... |
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 Renters did something without our permission? |
OK, the house payment on our rental is $850, we charge $950 to cover expenses.
We got a call last week that the AC went out so we sent someone to fix it. They just said they had no idea why it ... |
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 Who customarily pays for a survey of property prior to sale - buyer or seller? |
| There's a possible sale of property from my dad's estate. Property is located in Maine. A potential buyer wants a survey done prior to sale. And he's not committed to purchase - even ... |
|
 HELP I just rented an apartment for a 1 year lease. Now she wants me out??? |
| Now, 3 weeks later, my landlady says she needs her apt back beause of personal reasons. She is telling me my lease isnt valid because i didnt go thru any board association for aproval from the ... |
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 I need someone to obtain a real estate loan for me and take the advantages/equity, sell back to me in 2 years |
| I am looking to purchase a condo with an interest only loan. a monthly mortgage of $640.00 My credit score is not high enough to obtain the loan right now and the offer wont last long. I was ... |
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 What do you think of your local Real Estate?? |
| is the market in your area strong/ weak/ buyers market/ sellers market/ ect.ect.... |
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 My score is 777,my hubsands 750; I am a recent stay at home mom, will the lender use my score w/out income? |
| I quit my job to homeschool in Nov 07 and we found our ideal home and community last weekend; now I am concerned that my credit will not be taken into consideration without having income. The ... |
|
 Can a text message ever be legally binding as giving landlord notice 'in writing' to end a UKtenancy agreement |
Can they say that a 'text' is the same as 'in writing' legally?
Additional Details
It's ok - i am hoping the answer is no as landlord is trying to evict me on ... |
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 Housing benefit? |
| i am recently separated, and wanting to move out of maritial home, if i rented house of approx 500 would i get help, as i student on 11,000 in bursaries butthat includes childcare, does any1 kow wot ... |
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 Do you see any violation in this situation? |
I bought a house last year.Seller was my friend and also a mortgage broker . She wanted to sell her house to me with reasonable price. She also wanted to be a mortgage agent on this loan.
So I ... |
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 Moving into a new house with roommates; how do we decide who gets the bigger master bedroom? |
| I am about to rent a new house with two of my friends. However, one of the bedrooms in the new house is much larger, has its own full bathroom and a door out to the upper deck. How do we decide who ... |
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 First time home buyer. How much will the bank loan us? |
| The house is appraised at $90,000. We are approved for it, however, the seller is only asking $85000 for it. I have no idea about mortgages! This is my first one and I'm wondering if we can ... |
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 Should my rent be less?? |
| I moved into a downstairs duplex studio unit a few months ago. It costs $550.00 a month w/all utilities incl. The first and last months were due in advance. As soon as we moved in our cat got ... |
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ecarterman | What happens if your break a rental lease? |
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Margarite
|
You can be held responsible for paying for the remainder of the lease.
Check your lease and see if there is any section on breaking the lease early - some allow for it if you give the landlord enough notice. |
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joevistavideo
 |
ya lose your bond for starters. and plus you lose a good reference for future renting. |
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honeybeth
 |
They bill you for the remaining amount left on your lease. It depends on the contract you signed. Then after all is said and done if you dont pay they send you to collections. Then if you dont pay they get a judgment. Then garnishment. |
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rynnythepooh
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depending on the violation possible eviction to prosecution a lease is a legal agreement if prepared correctly |
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koammudo9
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you get to pay them for the remainder of the time you were supposed to be there. |
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shogun_316
|
Depends on the reasons. If you're upfront there should be language in the lease explaining what happens. You will most likely lose your security deposit no matter what and may be required to pay an extra months rent to cover the empty place.
If you ran out of the place, you could be in even more trouble. |
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Classy Granny
|
With some leases you'd have to pay an additional 2 months rent plus forfeit your deposit. With others you can be held responsible for rent until the end of your lease or until the unit is rented again. |
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Christopher B
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If you do not find an amicable solution with the landlord, and just split - he can hold you responsible for the full amount of the lease agreement that has not been paid. He would do that by taking you to court.
This is true unless your lease agreement has a clause for early termination of the contract. Then, you would be held liable for the terms of that clause. |
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me
 |
you pay rent and utilities until the end of the contract. If you quit paying they take you to court. Talk with your landlord and see if there is any sort of "buyout" option on your lease or if you can sublet. Would be a better way of going about it!! Good Luck |
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liam d
|
Consult your leasing agreement.
Assess your liabilities and negotiaite with the landlord to minimise them.
Honour that agreement or face civil action for recovery.
The judgement and enforcement involves a lengthy and protracted process that may not be realistically enforceable to fully recover moies owed.
Your bond will be at risk and probably non returnable whilst the breach remains unsettled.
You can minimise the "lost" income to the landlord by providing an alternative tenant to continue the rental or give sufficient notice for the landlord to seek his/her own without a break in the income flow.
The leasing document is a legal contract for both parties and non compliance on either side is enforceable in law.
Trouble is, you can scarper and leave the landlord with just the bond and he'll likely be resigned to just that and not pursue the legal recourse.
Don't expect references from that act and perhaps one day such self serving action will come home to bite you. |
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Professor Ash █▓▒▓█''☺█▓
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it is willful damage and you get banned/barred. permentley and the owners will leave and tell them owners and then when they die their tell the new owners etc just pay and say sorry repent and have faith go to church and it will be a whole lot easier. |
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