 Moving out 1 bdrm good plan? |
| Since my divorce My daughter and I live with my mom to help us and to financelly help her. She got a large inhert. and no longer needs help so were moving. I got a 1 bdrm coz I spend all my time in ... |
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 Can my landlord do this, legally? |
| I have lived at my house for 8 months. I love it. When I moved in, the house needed a little fixing up and there were a couple things the landlord said he'd get out. Well, he promised he'd ... |
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 Mortage with negative equity and need to refinance, guidance please.? |
| I have a mortgage and now my equity is in the negative. But how can i refinance, without putting any more money in, does anyone have any ideas or gone through this. My loan is fixed right now at 6.25%... |
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 Do you have to be good at math in order to be a mortgage broker? |
| what kind of math? cause i am interested in this job but im not what you would call a math wiz at ... |
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 Can a home by owned by a minor? |
| My mother wants to buy a home but wants to have the property under my brothers name. He is currently 14 years old. Is this possible in Texas or any other state? Do you necessarily have to be an adult ... |
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 Is my apartment complex held liable? |
I live in an apartment complex and my air condition just recently went out July 4th. The AC was fixed by a electrician leased through the apartments on Saturday, July 7th.
The electrician ... |
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 Is it too risky to buy a flat in central London this year? |
Hello.
I really need to get a flat in Bloomsbury.
The estate agent I saw reckons central London prices are still rising in 2008? I am somewhat skeptical, but know nothing about ... |
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 What's the best way to say it to my landlord? |
Long story short:
Our lease will be up in 6 weeks. The place is nice, but way too small and the neighbors are too loud. Anyway, my sister's friend offered to rent us this amazing ... |
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 What can a Landlord do if the tenates did not move out in time? |
| I am waiting to move into a house that I plan to rent. However the tenants were suppose to be out by yesterday 8/21. When I arrived with the landlord if looked like that haven't even started ... |
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 How long after closing does it take to get payment for the profit on your sold house? |
| Hello to all! We are in the process of selling a house we own downstate and this is the first house we are selling for a profit. Does anyone know how long it takes before you get the payment from ... |
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 All these flipping shows? |
OK,
so there are all these flipping shows now.
Buy a property for 500,000
Put in 50,000
sell for 900,000 in 4 months.
and they say the person made a 350,000 profit.
but ... |
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| I'm buying a new home and everything is already approved but I feel so stressed, how do i destress? |
| I've already got the money, but I feel like something will happen that will stop the closing procedures.... |
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 Is there a down-side to paying off your mortgage early.? |
| In my state, there is no prepayment penalty. My accountant said to go ahead and pay it off. Now the other day my husband was telling me he was talking to a homeowner and she said she suffered all ... |
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 Can going to school full time and paying for your own apartment, car, food etc.. be done?!? |
Additional Details
Thank you everyone...I am starting to think that maybe i should realize that I am lucky enough to have great parents who will let me live here...and maybe it is a ... |
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waterman262 | What is the penalty for breaking a rental agreement? |
Hello, I am a college student planning to go abroad next spring. Every lease I have looked at wants a 12 month agreement. I live in Minneapolis, MN and was wondering what sort of penalty I would face for breaking the lease early. Thanks in Advance. |
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Leah D
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It varies from landlord to landlord. Study the lease agreement. You will generally be required to pay rent on the premises until such time as the landlord or leasing agent is able to put more tenants in.
You may also be required to pay for advertising the premises for rent again and an administration fee. |
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L.K. Duh
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Try your new college-level negotiating skills! Negotiate a lease with a term that suits you, not the landlord. If he wants your business, he can have it on a month-to-month basis, or a 6-month lease. This is truly not a big deal for the landlord to accept, so show a little backbone!
Your strongest card is to negotiate before the contract.
State and local laws govern tenant/landlord interaction. Generally a court would uphold a contract, so do not sign a contract that does not meet your needs.
Whatever agreement you come up with, make sure it is put into writing!
What is the penalty? The landlord will try to collect the rent while your unit is vacant. He might lie about when it was re-rented, too, so he'll go for the full amount. Without going to court, this can end up on your credit record as a debt owed and not paid.
You have a strong incentive to negotiate. |
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Thing 1& 2
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First when you look at the apt. explain that you will be graduating this month, this day and they will write the lease usually for that amount of time, they did it for my friends in AZ. If you break the lease early you are subject to being held responsibile for the unpaid monthly rent besides loosing deposits. Even if you find someone to rent out the rest of your lease too, they can report it as you defaulted on your agreement and have a black mark on your credit. There are ways to get out of them early BUT you need it specifically in writing AND you still have to give a written notice to the office when leaving even if you arranged it with someone before don't let them tell you its ok- GET it in WRITING- and make a copy of your letter when you give a 30 day notice with the persons name on who you delivered the letter to or send it certified mail so you have a signiture. Because the person you talked to and agreed to arrangements may have quit or got fired when its time for you to go and they claim they didn't know about the agreement which happened to my friend too.
Sometimes you can break a lease without too much hassle if your job has transfered you but you will have to show proof. Sit down and talk with the apt mgr before signing, explain everthing and don't forget to give a 30 day notice or more(depending what the lease papers state) |
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BrokerPro
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You should tell the owners/managers you are negotiating with that you are a student and need a lease that covers the academic year, if they are nearby college/university, they are probably familiar with this request.
Don't get into a lease you know you will have to break early, it will cost you money. |
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Mike
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Well i live in London, UK & i think its the same in Australia so this will prob be the same in the US. When you start your agreement with your landlord they will ask for a deposit, normally one months rent & if you pull out thats all you lose. So as long as the rent per month isnt to high it might not be to bad pulling out early. I pay £1500 ($3000) per month in rent for my flat in London & i am on a 3 year agreement & because its longer i had to give a deposit if £9,000 ($20, 000)so its quite a bit more. |
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oldmrsinms
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If I were you I would approach the landlord and ask them if you can be let out of your lease agreement early and if so what would it entail. Normally, in your rental agreement it should spell out the terms of early termination and from the ones I've read that usually means giving 90 days written notice. A lot of landlords are really decent especially if you're above board with them and if they know in advance they might let you out without penalty as long as they can find someone to take immediate occupancy. |
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lorijotx
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It will go on your record in the renters database (yes, there really is one, they check it as part of your qualification check) and you will be responsible for the balance of the rent (no payment plan). Also, they can put it on your credit report if you don't pay that remaining balance when they ask for it. |
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Weimaraner Mom
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It would depend on the lease you sign. Some state that if you terminate early you could be liable for the remaining time on the lease, some claim you forfeit your security deposit and are still responsible for the time remaining on the lease. It all depends, every lease is different each Landlord decides his own termination fee.
Most apartments now a days do short term rentals, you get the best rent on a 12 month lease but they will do short term like 6 months. See if you can do a 6 month and then go month to month afterwards then all you have to do is give 30 days notice to vacate. |
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John Bradley
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The penalty is described in the lease agreement. Read it. |
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