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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.

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First-time cash buyer buying a leasehold flat with 57 years remaining

Intro There is a flat in London that has 57 years left on the lease and the seller/owner has to sell it within 6 months because banks don't give mortgage due to financial circumstances and age which ...
BentCoder's user avatar
  • 103
-1 votes
1 answer
169 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 ...
Runeaway3's user avatar
  • 2,898
-2 votes
1 answer
229 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 ...
user avatar
1 vote
2 answers
285 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 ...
user avatar
0 votes
1 answer
307 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 ...
Frank Swanton's user avatar
0 votes
2 answers
164 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 ...
jxramos's user avatar
  • 1,431
1 vote
1 answer
170 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 ...
the Johnson sisters John's user avatar
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 ...
Gabe's user avatar
  • 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?
Laura Wucher's user avatar
5 votes
2 answers
531 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 ...
Is It Me's user avatar
  • 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 ...
Runeaway3's user avatar
  • 2,898
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 ...
Bonny Chu's user avatar
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'...
user avatar
1 vote
0 answers
28 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 ...
Brondahl's user avatar
  • 2,395
3 votes
1 answer
202 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 ...
Cara's user avatar
  • 31
1 vote
1 answer
232 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 ...
BenRW's user avatar
  • 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 ...
nonopolarity's user avatar
  • 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 ...
Brondahl's user avatar
  • 2,395
6 votes
3 answers
1k 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 ...
Arfo's user avatar
  • 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'...
tom's user avatar
  • 111
1 vote
1 answer
86 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 ...
Patel Parth's user avatar
2 votes
1 answer
194 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 ...
Beginner's user avatar
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 ...
user avatar
2 votes
1 answer
831 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 ...
tom's user avatar
  • 111
1 vote
3 answers
157 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 ...
Frank Swanton's user avatar
33 votes
5 answers
30k 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 ...
KareemElashmawy's user avatar
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 ...
mykey's user avatar
  • 101
5 votes
3 answers
607 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 ...
Runeaway3's user avatar
  • 2,898
32 votes
9 answers
16k 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 ...
TheEnvironmentalist's user avatar
3 votes
2 answers
376 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 ...
MisterStrickland's user avatar
1 vote
2 answers
190 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 ...
CodingRiot's user avatar
2 votes
5 answers
396 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 ...
Tired Of Trading's user avatar
2 votes
1 answer
293 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 ...
Bort's user avatar
  • 210
2 votes
3 answers
10k 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 ...
Anilla's user avatar
  • 171
4 votes
2 answers
150 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 ...
Anilla's user avatar
  • 171
4 votes
1 answer
578 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 ...
Stone Tickle's user avatar
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.
Naive's user avatar
  • 59
1 vote
2 answers
296 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 ...
Improve's user avatar
  • 111
4 votes
2 answers
587 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 ...
dranxo's user avatar
  • 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 ...
Tiffany mizell's user avatar
1 vote
1 answer
295 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 ...
sds's user avatar
  • 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 ...
pooja gajera's user avatar
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 ...
user66078's user avatar
3 votes
2 answers
316 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 ...
Jonathan's user avatar
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 ...
LampPost's user avatar
  • 273
2 votes
1 answer
13k 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 ...
Inti's user avatar
  • 235
1 vote
2 answers
498 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 ...
Yusuf Ning's user avatar
-1 votes
1 answer
158 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 ...
user avatar
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?
user53145's user avatar
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 ...
Seu's user avatar
  • 121