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.
82
questions
-1
votes
1
answer
166
views
Tenants seeking early termination because of safety reasons? [closed]
Tenants are looking for early termination of lease. Lease expressly states this is not allowed unless we agree on terms. Their reason is that they are fearful of the neighborhood (despite having been ...
- 2,864
-2
votes
1
answer
197
views
Why would Landlord lease to Tenant when represented by agent, but not directly to Tenant when unrepresented?
This "change of heart" has happened many times to our family and friends, in both Commercial and Residential Leasing. Tenant is trying to lease. After Tenant approached Landlord directly ...
user118119
1
vote
2
answers
238
views
Why don't landlords simply reduce the rent by an equivalent amount, instead of offering incentives like rent-free periods?
"Incentives" like Free Rent Periods and Tenant Improvement Allowances feel roundabout, overkill, and circuitous. Why do Landlords take "the scenic route"? Presuppose you are ...
user118119
0
votes
1
answer
118
views
Can Leased Assets be Collateralized?
Consider leasing something.
Typical examples are a three-year car lease or renting an apartment.
Although there is no "down payment" per se, typically, a lessee does put some sort of ...
- 449
0
votes
2
answers
117
views
Is it reasonable to expect an adjustment to prorated rent upon early move out?
I'm familiar with the idea of prorated rent but am in a situation that's new to me with a bit of a twist. In the past I've always been the one to set the move out date but this round our landlord set ...
- 1,411
1
vote
1
answer
166
views
Breaking lease early
I went to my leasing office to see if I can put my 30 days notice in. They told me that I had to pay 2 months rent in order to move out and break my lease. They then stated that it's in my lease. When ...
0
votes
0
answers
30
views
Purchase of a bnb property and transfer of online accounts and pre-bookings
An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interests issues).
The ...
- 283
3
votes
1
answer
397
views
Does A Good Listing Agent Really Make A Difference?
Considering the agent is providing the same service to all of his/her clients. What other factors do you need to consider in looking for the best listing agent?
- 39
5
votes
2
answers
525
views
Objectively, would it be better to sell my condo, or rent it out?
I bought a condo in 2016 for 160K, and this has been my primary residence since then. The loan was 152K, at 4.125% APR. I currently owe about 139K.
My mortgage is 898 (includes taxes and insurance in ...
- 189
1
vote
1
answer
4k
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 ...
- 2,864
2
votes
0
answers
105
views
Roommate/co-tenant said she would renew but lied after I sign lease - invalid lease?
So, my roommates and I planned to sign a lease renewal as co-tenants in NYC. While some of the roommates already signed it, the others changed their mind last minute. This unfortunately means the ...
- 21
15
votes
5
answers
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'...
user44213
1
vote
0
answers
27
views
How to assess a price for splitting a Freehold
I've just bought the freehold of a property. More specifically...
The property is a 3-storey House, with a 2-storey maisonette on the first 2 floors, and a separate flat on the top floor.
The ...
- 2,276
3
votes
1
answer
196
views
Is a potential landlord allowed to require a higher income because I rent a second property?
I applied for an apartment in the same town I live with no issues. I exceed the three-times-income requirement and my credit check was cleared.
Then my landlord said we couldn't move forward until I ...
- 31
1
vote
1
answer
230
views
Preparing for Brexit on a personal level
Situation:
I am a UK citizen living and working in Berlin. I am a senior software developer, so have good job security, and am paid well enough that I could get an EU Blue Card.
I own a flat in the ...
- 165
-2
votes
1
answer
1k
views
Can you retire when owning 3 or 4 houses, and what if you still have to pay mortgage on some of them?
I did some calculations before, and found out if a person own 3 or 4 houses, townhouses, or condos, then the person can probably retire.
That's including living in one house, and getting rent from 2 ...
- 1,593
0
votes
0
answers
85
views
Anything to know before selling a Lease back to the freeholder
We're about to sell our leasehold, ex-council property back to the council, i.e. back to the freeholder of the lease.
Is there anything we should know about beforehand?
Should we expect this to be ...
- 2,276
6
votes
3
answers
970
views
Taxes on rent back
I know there are risks to this, but I'm only asking about viability.
Let's say I buy a property in the United States and did a one to three year rent back to the previous owners. The sellers would ...
- 163
1
vote
0
answers
34
views
Combine 121 and 1031 - how much capital gain is non taxable?
Section 121 allows $500k of cap-gain to be non taxable (in the right circumstances) Section 1031 allows the deferral of capital gain taxes (in the right circumstances), and they can be combined. But I'...
- 111
1
vote
1
answer
84
views
How to make strategy for diversification between real estate and stocks?
I am living in tier 2 city in India and my father have all investments in real estate in my city. He had brought land earlier(20-25 years ago) when the prices were pretty low. It has given so much ...
- 115
2
votes
1
answer
187
views
Outsourcing rental risk: selling right to rent house?
I am wondering whether there is a way to get rid of the risk associated with renting a property one owns by selling the right to rent that property for a certain period?
I am especially interested in ...
- 21
7
votes
1
answer
2k
views
What does it mean for money to be 'paid out in rates'? [closed]
Please see emboldened phrase below.
Prof Richard Taylor, Damian Taylor. Contract Law Directions (6 edn, 2019). p 185. para 2.
Indemnity for expenses incurred under an obligation
An ...
user85969
2
votes
1
answer
699
views
How do rental income/costs factor into a debt to income ratio for a home purchase?
If I own a house that I rent out, and I apply for a mortgage to purchase a new primary residence, how do the rental income and costs factor into a debt to income (DTI) ratio for that new mortgage?
My ...
- 111
1
vote
3
answers
155
views
Are all automobile leases closed-end lease?
For example, consider entering into a lease contract with BMW SUV X5. As usual, the duration of the lease is 3 years and the lessee is required to make equal install payments during the duration.
At ...
- 449
33
votes
5
answers
28k
views
Is it appropriate for a prospective landlord to ask me for my credit report?
Context
I'm looking at renting a house.
The application the realtor sent me specifies:
Below is what is needed to submit an application on [Address]
and a few lines below specifies:
Credit ...
- 475
0
votes
1
answer
69
views
Which option to invest savings on home ownership? [closed]
I have savings of ksh 1m to invest in a residential plot(1/8th of an acre) - not built - in the suburbs of Nairobi city - say 30km from the city (Kitegela). the plots cost from 2m-3m, is this a good ...
- 101
5
votes
3
answers
578
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 ...
- 2,864
32
votes
9
answers
15k
views
How do you send money when you're not sure it's not a scam?
I've been hunting around for an apartment recently, and along with the countless posts on Craigslist, I found one with a good price but slightly strange story. The poster claims to have been sent to ...
- 1,375
3
votes
2
answers
375
views
About opening an LLC with little to report in the beginning
I am a full time employee in Texas and my wife is a stay at home mom. We are buying our third house and it should be ready in about 11 months. We rent out our current 2nd home (of which we own about ...
- 1,163
1
vote
2
answers
187
views
Is it a wise decision to buy a home in the current market in a coastal market where prices are at a premium [closed]
I am looking at the possibility of purchasing a property in the San Diego costal area, however I wanted to get some feedback from people that know the economic outlook better than I would. Is it a ...
- 13
2
votes
5
answers
393
views
Found some land for lease online, leasing agent won't tell me the price
I just called a leasing agent, whose information was posted online under the Land for Lease advertise, trying to get how much $$ they want per sqft; he never told me the price, bombarding me with ...
- 412
2
votes
1
answer
288
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 ...
- 210
2
votes
3
answers
9k
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 ...
- 171
4
votes
2
answers
149
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 ...
- 171
4
votes
1
answer
535
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 ...
- 43
4
votes
1
answer
2k
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.
- 59
1
vote
2
answers
290
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
...
- 111
4
votes
2
answers
557
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 ...
- 149
0
votes
1
answer
262
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
1
answer
294
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 ...
- 141
1
vote
0
answers
52
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 ...
- 111
1
vote
1
answer
138
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 ...
- 11
3
votes
2
answers
314
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 ...
- 33
17
votes
3
answers
6k
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 ...
- 273
2
votes
1
answer
11k
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 ...
- 235
1
vote
2
answers
497
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 ...
- 13
-1
votes
1
answer
129
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 ...
Britt J
1
vote
2
answers
131
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?
- 11
1
vote
0
answers
79
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 ...
- 121
7
votes
2
answers
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 ...
- 71