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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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0 votes
1 answer
167 views

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 ...
-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 ...
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?
7 votes
3 answers
2k views

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?

What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)?
-2 votes
1 answer
232 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 ...
1 vote
2 answers
288 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 ...
0 votes
1 answer
378 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 ...
0 votes
2 answers
172 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 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 ...
4 votes
1 answer
591 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 ...
0 votes
0 answers
31 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 ...
5 votes
2 answers
533 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 ...
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 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 ...
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'...
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 ...
3 votes
1 answer
204 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 ...
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 ...
-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 ...
2 votes
3 answers
5k 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
0 answers
86 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 ...
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 ...
1 vote
0 answers
36 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'...
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 ...
2 votes
1 answer
195 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 ...
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 ...
2 votes
1 answer
889 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 ...
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 ...
33 votes
5 answers
31k 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 ...
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 ...
5 votes
3 answers
616 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 ...
33 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 ...
3 votes
2 answers
377 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 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 ...
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 ...
6 votes
3 answers
3k 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 ...
2 votes
1 answer
294 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 ...
2 votes
3 answers
11k 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
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 ...
1 vote
6 answers
2k 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 ...
3 votes
2 answers
2k 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 ...
5 votes
5 answers
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 ...
9 votes
2 answers
7k 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 ...
1 vote
1 answer
682 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 ...
5 votes
3 answers
128k 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 ...
4 votes
1 answer
841 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 ...
6 votes
1 answer
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
4 answers
32k 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 ...
0 votes
2 answers
2k 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 ...
14 votes
3 answers
1k 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). ...