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Questions tagged [real-estate-leasing]

a specific tag for any questions related to leasing of real estate property. Please add information about any contract terms, this can also be used for sub-letting of real estate property. Please add country and state tag as jurisdictions do play a role.

2
votes
1answer
171 views

What are the tax implications of renting out my condo if it's worth less than the mortgage?

I own a condo, and its market value is less than what I owe on the mortgage. On the upside, several interesting developments are going in nearby in the next couple of years. Because of some lifestyle ...
0
votes
3answers
223 views

Is it reasonable to charge extra for additional tenants in a single room?

I’m considering subleasing rooms within a single family home. I expect that one of my potential tenants will have their significant other boarding with them. It was originally expected that only one ...
4
votes
2answers
133 views

Qualify for mortgage with projected property income?

I’m qualified by my own income for a mortgage of X amount. But I want to qualify for a house of Z amount. The property I purchase will be subleased to other tenants. I know I’ll be able to afford ...
3
votes
1answer
252 views

I applied to an apartment without paying fees, now I want to cancel but they still want deposits

I was recently on the hunt for a new apartment. I was worried about some apartments going missing so I applied to more than one. Now I have moved into an apartment and signed a lease but one of the ...
4
votes
1answer
1k views

Broker charging 15% on leasing a no fee apartment in NYC. Can he do this?

I am going to sign a lease on a no fee apartment in NYC and my broker is charging me 15%. Can he do this? I thought no fee means the landlord/management company pays the broker? Please advise.
1
vote
2answers
269 views

What does this passage in my lease contract mean? [closed]

In my lease for an apartment that I am renting it says: You are giving up certain important rights. You are waiving your right to have a Notice sent to you before the Landlord starts a court ...
4
votes
2answers
366 views

Can I break a lease in response to a nonrenewal notice?

Just got notice that our house is being put up for sale and that we need to be out in 6 months. This is not an early termination, but a notice we will not be able to renew our lease. Since we'll ...
0
votes
1answer
202 views

Can we walk away from Lease if one of the member is still staying [closed]

My fiances dad died so we moved in with his mom to support her. His Mom lived in the apartment for a couple years before we moved in. Currently we are not getting along well financially. His Mom is ...
1
vote
1answer
240 views

Is it normal to increase rent by 5% per year?

We are subleasing a part of commercial real estate (medical office in Brooklyn, NY), and now that 1 year is over, the landlord want to increase the rent by 5%. They claim that their landlord increases ...
1
vote
0answers
50 views

Regarding leasing removal

I am living in shared accommodation. I am a student and not working yet so I don't have a SSN. But due to some reason I want to move out from apartment and my name is also on the lease, so I need all ...
1
vote
1answer
130 views

Do I need to continue to pay rent like they are saying?

I recently broke a lease due to a child’s medical reasons. I sent my letter of vacating in October but paid rent for October and November. In October they said it was rerented and to return my keys ...
3
votes
2answers
285 views

Apartment Year Lease Increase Statement

I'm looking to sign a lease and I notice there is a statement that the landlord can increase rent with 30 days notice. Is this normal for a lease agreement? Should I be concerned? The exact wording ...
16
votes
3answers
4k views

How do I go about asking landlord to prorate when I can't move in yet?

I am renting an apartment. Move in date was August 1st. The apartment is slightly dirty with cobwebs and the walls definitely need to be painted. Landlord says that she will paint very soon but until ...
2
votes
1answer
2k views

Why is a month to month fee listed on my 12-month apartment lease?

I'm currently in the process of signing an apartment lease. As I was going through the terms, I noticed this: In addition to my "Rent Due Monthly" there is a listed "Month to Month fee". Now, my ...
1
vote
2answers
388 views

“Missing” Apartment Rent Payment

So I'm currently renting an apartment through real estate agent. I've been paying monthly. They claimed that they didn't receive the May payment and there is no unclaimed money in their account. I ...
-1
votes
1answer
108 views

Texas Accelerated Rent

I have to pay $7,022 in accelerated rent charges. Due in 30 days, does anyone have any experience with this? I asked the apartment for a payment plan and haven't heard back. What are ways I can save ...
1
vote
2answers
116 views

Selling a leasehold flat

What happens when you want to move out of a leasehold flat - can you still sell it and move your mortgage to another property?
1
vote
0answers
72 views

Apartment/other, from July to October. Best option?

I will be leaving my current apartment on the 1st of July (in Quebec leases mainly end on this date). Also, I will be travelling for about 4 months, starting from around November. Having to pay for 6 ...
5
votes
2answers
890 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 ...
3
votes
1answer
95 views

Lease term is described as additions instead of a sum

I have been looking at an investment property, it states: Term: 30 years based on 15 + 5 + 5 + 5 Initial rent per unit: Ranging from $13,500 to $19,000 gross plus GST if any (including free-stay ...
1
vote
4answers
2k views

What happens if I break lease while landlord does not have my SSN?

I live in Chicago and my landlord is a large apartment rental/management company. What would happen if I break the 12-months rental lease by leaving 2 months early if they do not have my SSN on file? ...
4
votes
3answers
784 views

Negotiating rent at lease renewal

I'm renting an apartment in Mountain View, CA. My lease will be up for renewal in about 7-8 weeks. My landlord has not sent me a renewal notice yet, and when I called asking about it I was told that ...
22
votes
2answers
6k views

Is it legal for a landlord to report a large payment to a tenant using Form 1099?

I recently signed a Mutual Termination of Lease agreement with a landlord who purchased the complex I was living in (CA,USA). Part of the termination of lease agreement specified a large payment for ...
1
vote
1answer
125 views

Can you lease a secondary residential apartment for a job in NYC, and declare it as expense in tax return?

Currently I commute over 2 hours to work in NYC. Thus I would like to rent a apartment close to where I work. Is there a way to have your rental payment declared as expense in your tax return? One ...
0
votes
2answers
969 views

Is It Possible to Get Out of an Apartment Lease?

My daughter is in a bad situation and I need advice. She recently moved into a new apartment near school. There were a lot of problems, she doesn't feel safe, and wants to move out. But her lease ...
0
votes
1answer
317 views

Can I be held to what a rental lease says if the landlord misinforms me about what it says?

However, he claims that according to the contract I have to inform them 2 full months in advance (by a certain date of the month, so effectively 3 months now) in order to leave or be responsible for ...
9
votes
1answer
2k views

Tax implications of roommate rent from unofficial apartment sublet

I'm currently renting a 2/2 apartment in the US that is managed by a REIT (NYSE:MAA). I set it up in which I am the sole responsible lease holder and have added a roommate to the lease as an occupant (...
1
vote
1answer
131 views

What advice would you give about having to move out during the last month of the lease on short notice?

I am in the last month of my lease and already paid for this month. However, personal events have made it impossible to sign a new lease so I need to move out. Will my landlord keep my deposit?
1
vote
1answer
814 views

Is it illegal to sublet apartment to someone not on lease? Penalties?

I have a 2 BR apartment which I have been using to sublet to tenants for several years. I don't put them on my lease. Is this illegal, and if so, what are the penalties?
0
votes
0answers
100 views

Can I become a secondary lessee with no credit history?

I want to rent an apartment with my girlfriend. At the moment I don't have any credit or proof of income, but I am finally earning enough through freelancing to afford the rent. I have an emergency ...
0
votes
2answers
718 views

Avoid exorbitant costs when forced to break a lease

Assume Joe's employment contract and hence USA visa have ended, therefore he is forced to leave the country and break the apartment lease. The leasing company is demanding the remaining 6 months of ...
6
votes
3answers
6k views

What happens if I don't pay my rent while my lease still has time to run?

I had to move to a new apartment. My current lease is not up for 8 months. In order to terminate my lease early, the contract states that I must pay $1,000 plus the normal rent until a new tenant is ...
1
vote
0answers
776 views

Should I encourage my spouse to jointly sign our rental lease?

Looking for the advantages/disadvantages for us as a couple. We have been common-law for 9 years and are moving into a new place. My spouse recently lost her job so I will potentially taking most of ...
2
votes
1answer
2k views

Can I back out from the lease before signing the contract

I was looking for an accommodation and found one. I have not signed any contract or deposited money yet. I just agree to take the place via email with the current tenant of the flat and planned to co-...
1
vote
6answers
1k views

Landlord retracts email offer of lease (Michigan, USA): What recourse do I have?

I rented a room (Michigan, USA) and stayed there from Jan to June 2014. The entire agreement was done through email, including 'signing' a lease (there was no actual signature, the landlord and I ...
12
votes
4answers
47k views

Moving out three months into my one year lease. What happens?

I recently moved out of my parents house into my own apartment. I moved in the apartment in May. I signed a one year lease but I'm having a really difficult time, financially speaking. I can pay the ...
2
votes
1answer
2k views

Is a lease without signature valid/enforceable?

When our two year lease was up, the landlord agreed to about her 2 year lease by email and stated that the rent would remain the same. This was all agreed upon by both parties via email with no ...
2
votes
3answers
2k views

If I moved abroad, what happens to the U.S. apartment lease I'd be breaking? Would a debt follow?

I'm moving to the United Kingdom. What will happened to my apartment lease here in the United States? Will that debt follow me?
0
votes
4answers
5k views

Is a broker's fee equivalent to one month's rent reasonable in San Francisco?

Friend and I are looking to move from elsewhere in the Bay Area to SF, found a decent option in an okay location. Have been attempting to negotiate with a broker on the rent, and he surprised us by ...
6
votes
3answers
1k views

How to deal with a landlord charging more than what is specified in the lease when I break the lease?

I am not from the U.S. and this is my first experience breaking the lease. I had to break it to move for a new job, and no one would like to sublet the apartment since it is a damp basement. The ...
4
votes
1answer
2k views

Will being a guarantor impact my ability to rent an apartment for myself?

I am considering being a guarantor for my brother (for his apartment in NYC) because he doesn't make enough money. I'm also considering moving in the next 6 months or so. If I am the guarantor for ...
4
votes
4answers
13k views

Is it normal to hold and pay for two apartments at once when moving?

Let's say you're moving out of an apartment and your lease is up September 30th. Is it typical to rent an apartment available September 1st (assuming most apartments are available at the beginning of ...
5
votes
1answer
3k views

Is a lease still binding if not all of the parties sign it?

My wife and I were leasing a house with another couple. Two weeks into the lease, the other couple left in the middle of the night and we have yet to hear from them. My wife never got to sign the ...
4
votes
1answer
683 views

Overpaid Rent Owed By Real Estate

Over the course of my last lease I had overpaid around 2 weeks rent to the real estate. I was notified of this when I moved out, but despite chasing them up about it they have failed to refund me the ...
14
votes
3answers
866 views

My landlord is being foreclosed on. Should I confront him?

I just found out that my landlord is being foreclosed on. My lease agreement runs out at the end of this month, but I had, through email, agreed to stay for another year (no new contract was signed). ...
5
votes
3answers
62k views

What happens if I move out before my lease ends?

Suppose I sign a one year lease for an apartment or a house and pay a security deposit for the same amount as a month's rent. If I move out before the lease ends I know that my security deposit will ...
1
vote
1answer
533 views

What needs to be considered when taking over a 2Br alone and living with a roommate

My housing experience has been me and my roommates signing leases with our landlord together. I am going to move soon, and am interested in a 2br apartment with $850 rent. The landlord of that ...
7
votes
2answers
5k views

What if only one of two tenants signs a lease?

The title is a little misleading. Lease agreements tend to have multiple forms that need to be signed. In my case there was the actual lease agreement (with checkmarks next to many things that needed ...
5
votes
5answers
2k views

How painful is it to break a room occupancy lease?

Well, since September, I have been renting out a room so I could commute to my university. I signed a lease stating that I would be renting out this room until May 2011. Out of nowhere, space in the ...
3
votes
2answers
1k views

How badly does a collection account sent to the credit bureau hurt my credit score?

I'm a college graduate, home owner, and I have a decent credit score. I just received a letter from a collection agency claiming I owe upwards of $700 on a delinquent debt from an apartment I lived in ...