Questions tagged [landlord]

Questions related to the rental of real estate...

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2
votes
0answers
162 views

Landlord cashed cheque from government rent support and said he didn’t receive it

A legal question as a tenant in Alberta, Canada: Over Covid my fiancé qualified for some rent support. They sent three supplement cheques directly to our landlord. He said he only received two, but we ...
2
votes
1answer
152 views

What is my responsibility as a landlord to providing internet, power, gas, and curtains?

I am a first time landlord in Philadelphia, PA with tenants moving in in two weeks. As the title suggests, I am not sure how to handle transfers of utilities to tenants. To be clear, I am not asking ...
0
votes
1answer
158 views

Is it appropriate for me to ask my prospective tenants about their relationship?

I am a first time landlord in the United States. I am looking to rent out my Philadelphia, PA condo to two people. Two of the applicants (applying together) are promising in terms of their financials, ...
1
vote
1answer
162 views

How to reject a tenant?

I have had some prospective tenants apply to lease my Philadelphia, PA condo. As I listed the property on Zillow, the official 'application' is on Zillow as well. Zillow only has an 'accept' button ...
15
votes
9answers
6k views

Can I raise the listed rent on a rental property due to high demand?

I a US citizen living in the US looking to rent my Philadelphia condo unit. I put the listing on Zillow and had undercut neighboring rental listing to ensure I got tenant applicants, as I was nervous (...
2
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0answers
103 views

UK - What difference would having a “paying guest” lodging in your house make to your home insurance?

I am currently in the process of buying my first house, and had thought about potentially letting out the spare room to a lodger some time in the future. Having just paid for a home insurance policy, ...
4
votes
1answer
174 views

Do I have to put 20% down on a condo so that I don't have to live in it for 1 year before renting it out to tenants?

I really want to purchase a condo and rent it out to tenants for some extra cash flow here in Queens, NY. I contacted a mortgage loan officer and he told me that I HAVE to put 20% down if I decide not ...
2
votes
1answer
112 views

Tenant disputing security deposit deductions can I add additional deductions?

Our tenant resided in the unit for 2 years and we took over managing it as the property manager was doing a poor job. Using the move in report from the previous manager we calculated deductions and ...
1
vote
3answers
71 views

Are maintenance fees and other fees covered by tenant or does the owner have to pay that?

I'm looking around apartments not to live in - but to rent out for some cash flow. I'm eying a particular co-op and was wondering: Hypothetically, I took out a mortgage for the co-op. Am I ...
15
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5answers
5k views

Why would my tenant want me, landlord, to buy his leasehold interest in my own property? [closed]

My lessee asked if I'm interested in buying his leasehold interest. He wants to sell his lease to the landlord, me. He's renting my detached house in Toronto until Jun 1 2024. He pays $9 000/month. I'...
0
votes
1answer
80 views

Am I bound to the existing lease then?

I am an international student from India. I am studying in Saint Louis in the USA. In the summer of 2019 I went back to India giving my room for a sublet. I know the person who was taking temporary ...
0
votes
1answer
94 views

What are potential downsides of asking back half of my rental deposit from the landlord?

I rented an apartment about 2.5 years ago. During this time, I was still a student and the landlord considered my income situation to not be entirely stable, so he asked me for twice the original ...
3
votes
2answers
516 views

Landlord wants me vacated from a property 4 days before the tenancy ends - do I send over the full rent?

My tenancy is set to end on the 20th April, however I've agreed with the landlord that I will be moving out on the 15th (this was their idea, but works well for me). I moved in on the 20th, so my ...
3
votes
2answers
203 views

Feasibility of buying first house at 23 when I may leave the country in a few years to work/travel (UK)

I am 22 years old and in my final year of study towards an Engineering degree, with a graduate job secured for next year with a starting salary of £25,000. I currently have ~£47,000 in savings, ...
2
votes
0answers
92 views

Can landlord's business expenses be retroactive?

Say, I am planning on moving out of my house and keeping it as a rental. The house needs a bit of work, which I can start before I move out to save on the downtime before I look for renters. Can the ...
1
vote
2answers
125 views

How to properly account for a leased property where the tenant has the option to buy

I'm the personal representative of an estate with a situation like the following: Property with tax assessment of $100,000 Tenant with a multi-year lease for the property with a total "lease fee" of $...
2
votes
3answers
306 views

Chicago landlord opening security deposit account under tenant's name

I recently moved into an apartment in Chicago and sent my security deposit check to the landlord about 2 weeks before moving in. Now, 1 week after moving in (about 3 weeks after initially sending the ...
0
votes
1answer
164 views

Get written statement from landlord for a mold that could happen because of his decision over phone?

In my apartment I closed up the ventilation in my bathroom with baking paper. The reason is since it is summer many insects like hornets, wasps and even centipedes started coming from that ventilation ...
2
votes
1answer
202 views

Why do UK Property developers/investors create a company for each property they buy?

I am currently researching on UK property development and buying. An interesting website for that is the https://beta.companieshouse.gov.uk/website. While browsing through it, it became apparent to ...
5
votes
3answers
421 views

Can I purchase a 2 bedroom Philadelphia condo, live in one room, and rent the other?

I am in the process of purchasing a condo in North Philadelphia. The situation is great and my offer has been accepted. I received Condo Association documents to review and have 4 days left to review ...
0
votes
0answers
77 views

Can I run a renting business in USA as a foreign citizen?

I'm considering buying a property in Houston, TX for the purpose of renting it. I'm a foreign citizen and don't know much about how renting functions in the USA. So far I found out that it's possible ...
0
votes
0answers
94 views

Lower rental amount found on an ad

I paid a deposit on an apartment and a day later I found an ad for my same apartment with a lower monthly rent amount. Can I use a screenshot of that ad to get my monthly rental amount to match the ...
20
votes
6answers
7k views

How to return a security deposit to a tenant

Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so? It is Colorado in this case and I see no such ...
14
votes
5answers
5k views

When leasing/renting out an owned property, is there a standard ratio between monthly rent and the mortgage? [duplicate]

I'm leaving the country for work for roughly a year, and would like to sublease my home to a friend of mine living in the area. I have no experience as a landlord, and I've had a tough time figuring ...
1
vote
1answer
161 views

What are a landlord's obligations?

Similar to another question about a citizen's legal obligations, which I found very informative, I would like to ask a the same but for landlords. I would also like to expand the scope beyond just ...
3
votes
3answers
272 views

Canada cheque cashing fiasco

Landlord had me mail checks to his business in business name. They were cashed. He now tells me he gave me wrong address and I need to give him the money. I already had the money taken from.account. ...
4
votes
5answers
632 views

Moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000. I am moving to another city, but don't wish to sell my house, the rental value is £1500. Does it make sense for me to 'cover' the £500?...
1
vote
1answer
227 views

Does it make sense to keep apartment when buying house

5 years ago, my wife and I bought a apartment for 220.000€, taking out a 15 years loan, at 1% Since then, kids happened, and we feel a bit crowded in this apartment. After discussing with a few ...
2
votes
4answers
1k views

Skipping the last rent payment?

I have a landlord who said that I will need to pay another month's rent because I missed informing him of my move out date by 5 days. He wanted a 20 days notice, but I gave him 15 days. Therefore, he ...
0
votes
1answer
121 views

As a landlord Moving into as lodger of the tenant, in UK [complicated scenario] [closed]

I would like to check on one scenario. We've rented out a flat that we own (and we have a residential mortgage on) through an Assured Shorthold Tenancy, via an agent. Now as our situation has ...
2
votes
0answers
213 views

Can my landlord raise my rent for switching to a month-to-month lease?

When I first rented my apartment in Los Angeles 3 years ago, it was not rent-controlled. It had a clause saying my rent would increase by $600 per month if I went month-to-month, with a $600 fee to ...
5
votes
2answers
1k views

Moving out of rental two months early. How can I reduce the remaining rent I have to pay?

Our lease goes from 1/31/17 to 1/31/18. We're closing on a new home next week and don't want anything to do with our current rental (private landlord) as soon after the end of the month as possible. I ...
5
votes
1answer
317 views

Can landlord/property change unit after approval and payment of fees?

My boyfriend and I are currently in the process of moving across the country, about 650 miles. On September 2nd we visited a property in the area we will be moving to and we really liked it. After ...
2
votes
0answers
128 views

what is repayment money for renting lets in UK?

I am almost about to sign a year's worth of tenancy agreement for a house in London. There is 4 weeks rent worth of Deposit and 8 weeks rent worth of Repayment to be paid in the beginning of the ...
30
votes
7answers
7k views

Long Distance Landlording

I hate for this question to be overly general, but I think the problem is that I don't know what I don't know. My wife and I are thinking about becoming a long distance landlord/landlady, but having ...
-1
votes
2answers
436 views

Is this a good way to invest 100K (buy to rent)?

I would like your input on how to best invest 100K€. This is all the money I have and I don't feel comfortable having this much money in my bank account. Now I am living in a student city where rent ...
42
votes
6answers
10k views

Why invest in becoming a landlord?

One of the most recommended ways to invest one's money still is real estate. Sure there are different ways to invest in real estate, but why does it make sense financially to buy property and become a ...
3
votes
2answers
499 views

Second house: buy & sell, or make rental income as landlord

I'm looking into purchasing one or two modest houses (I have the budget for this), both on a mortgage, but renting out one of them. One of these would be a primary residence, and the second an "...
2
votes
1answer
38 views

Landlord Tax Relief Changes UK

I understand that the tax relief for landlords in the U.K. will be affected by the mortgage not being able to offset as an expense of doing business. My question is, can anyone provide an example of ...
6
votes
2answers
204 views

Looking for advice on rental property

For about five years, a close relative and I have co-managed jointly owned rental properties together in California. We each have a 50% share and make joint decisions on everything together. This ...
4
votes
2answers
544 views

How often can a landlord increase the rent in a UK Assured Shorthold Tenancy?

I came across the following page from the UK government's website: https://www.gov.uk/private-renting/rent-increases It states: For a periodic tenancy (rolling on a week-by-week or month-by-month ...
7
votes
2answers
1k views

The cost of cleaning the house that we rented far exceeds the security deposit. Should we bother?

My wife and I rented an 1100-sqft house in Florida for the last six years. All rent was paid on time, and our credit is good. The landlord has been kind to us, doing such things as forgiving the ...
1
vote
1answer
137 views

UK - taxable income on rental property

My wife and I jointly own a house which we rented out during the last tax year. We are just completing a tax return now. We have calculated our total income on this and our profit after deductions ...
25
votes
8answers
5k views

Does this sound like a great idea regarding being a landlord and starting a real estate empire?

I want to build a small empire of my own over time in real estate. I want to pay 20% for a house and rent it out for a small profit (hopefully make around 3 - 5k a year in profit) and then pay it off ...
3
votes
2answers
72 views

Security deposit as a Prepaid

I was given this advice by a friend and wanted to know if this is: Legal Morally acceptable After giving your landlord a deposit equal to the amount of rent, at year-end can you forego paying your ...
6
votes
1answer
37k views

Can I locate the name of an account holder by the account number and sort code? (U.K.)

I received an invoice from a landlord about a cleaning bill. I heavily dispute this (is seriously out of whack: charging 7 hours work for a 15 minute job). She's being all weird and cagey about things ...
6
votes
6answers
1k views

Is being a landlord a good idea? Is there a lot of risk?

A few days ago I asked a way to generate a passive income. It seems the best I can expect is about 2k from a 50k invest at a low risk. However, if I can buy a house for 150k and rent it out, I can ...
5
votes
1answer
315 views

How to deal with end of tenancy for the tenant in the UK

I signed (in London - UK) a tenancy agreement in December 2013 for 3 times 1 year (the landlord wanted this instead of a 3 years contract). The term of the contract will arrive in a few months and I'd ...
2
votes
3answers
309 views

When buying a duplex are current “cash tenants” a situation to avoid?

I'm looking at duplexes for sale with the intention of buying one (both sides) to rent out. From an income-property buyer or landlord perspective, are properties for sale with cash tenants in place ...
28
votes
3answers
8k views

My tenant wants to pay rent through their company: Should this raise a red flag?

I have a tenant in a residential rental property who wants to pay rent through their company. They are asking for my SSN because they say their CPA needs it. Should this raise any red flags?