Questions tagged [rent]

Questions around the idea of borrowing rather than owning an asset. Could apply to real estate as well as other assets as cars can be rented as well.

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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 ...
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3 votes
1 answer
155 views

In Islamic mortgage, is rent going towards paying for the house?

If I get an Islamic mortgage for 200k, the bank might charge 210k, with the 10k being the profit they would take instead of interest. The monthly repayments for this mortgage will be split in two - ...
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0 votes
2 answers
262 views

Is there a renter vandalism insurance

I'm renting out my house soon, it there some kind of insurance I can buy to protect me from renter vandalism? I'm living in the Northeast coasts of the US.
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3 votes
2 answers
567 views

UK Finance: When calculating rent affordability, why aren't council tax, utility bills factored in?

I have two questions In this rent affordability calculator, is the "Applicant Minimum Salary" referring to salary AFTER taxes? If yes, then it all makes sense. I don't need an answer for ...
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0 votes
1 answer
107 views

purchasing a car with a trial period

A stranger is selling their car for $5000 and I like it for that price. But, instead of a straight purchase, I want to arrange a deal in which I pay $5000 in full now (without any loans) but can ...
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1 vote
2 answers
168 views

Can a company rent stock shares instead of selling them?

I'm beginner in stocks. I know that public companies can sell their stock shares, but what about renting them for a period of time and getting them back? Are there any certain examples that a company ...
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0 votes
0 answers
39 views

How to setup a canadian CIBC bank account, from the US?

I am an international student (US citizen currently residing in the US). I will be going to university in Toronto Canada in a couple of weeks. I have arranged to pay rent for a single room apartment, ...
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1 vote
1 answer
214 views

At what point is it better to buy a home vs continue renting? What additional costs of owning a home should we consider? [duplicate]

I know this question has been asked lots of times before. I read this question which tells me at some point it is best to buy instead of continue renting forever. My situation is that I have a ...
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1 vote
1 answer
357 views

All of a sudden my money supply cut off and I have no money, what do I do?

I'm done for. I said some things to my abusive manipulative father and he finally snapped. He's not paying for anything for me anymore. The only reason I still talked to him was because he was paying ...
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-1 votes
1 answer
116 views

(COVID) How to request fine reduction? (USA-NJ)

I have been renting a unit with Newport Management, Jersey City since August 2020 and have been on time with my rent for the past 11 months. For the last 6 months I am unemployed and have no income, ...
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5 votes
1 answer
81 views

Social Security vs SSI: cash gifts, free rent, etc. (USA)

I understand the social security administration may reduce SSI benefits if the recipient receives cash gifts, free rent, etc. What about normal social security benefits or retirement benefits? Are ...
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30 votes
5 answers
7k views

Paying for a flat renovation to reduce rent payments in the future

A friend of mine owns an old house which requires renovation. They proposed me to pay for the renovation, and in exchange, I could live in the house and pay a smaller rent (or perhaps no rent for a ...
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0 votes
0 answers
39 views

My HRA limit is 20000 per month. Can I use it for a total of only six months instead of 12 months (40000 per month x 6)?

I am from India and a Monthly salaried IT employee. My question is "My HRA limit is 20000 per month. Can I use it for a total of only six months instead of 12 months (40000 per month x 6)?". ...
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0 votes
1 answer
62 views

Changing rental payment date

I could do with changing the date of my rent payment to co-incide with the payday of my new job. Normally I pay my rent on the 11th of each month, but I get paid on the 25th. Let's say my rent is £500 ...
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4 votes
2 answers
187 views

Handling rent debt in California

Due to the pandemic, I was unable to pay rent for my apartment complex that I have now moved out of. I do not have the money to pay this debt because I was unemployed because of the pandemic. ...
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0 votes
5 answers
341 views

Why would a bank not "buy a house for me" if they own the house until I've paid it anyway? [duplicate]

I find myself in a situation where I'm trying to buy a house, but don't have the money readily available. And my bank won't give me a loan, in spite of not having any problems with loans/money in the ...
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31 votes
8 answers
11k views

My landlord claims I didn't pay rent even though I can prove I did - What can I do? [closed]

I got a letter from my landlord saying I missed 3 month rent. The letter said if I do not pay those 3 month rent in cash, she will take me to the court and evict me. I paid rent every month and never ...
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21 votes
6 answers
7k views

Landlord making up charges

We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc. The lease was ending on Feb-27th, but we returned keys on Feb-...
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2 votes
2 answers
362 views

Can my landlord live in a property I rent if I move out before the lease ends?

We moved out two months earlier than our lease ends, but are still fully prepared to keep paying rent until May. We were responsible for getting the lawn mowed, so I had my dad go mow it. While he was ...
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49 votes
11 answers
9k views

In the US, is it normal to not include an electronic way to pay rent?

A property manager requires rent to be paid using check. Is it normal that rent cannot be paid using electronic methods such as a credit/debit card, or a bank transfer, or Paypal, or anything ...
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  • 607
1 vote
1 answer
494 views

Asking for my phone number while offering hard-to-believe low rent in Manhattan — is this a potential rental scam?

Today, I responded to a couple of Craigslist ads for rentals in the heart of Manhattan, NYC, where I currently live. The rent advertised is about half of what I currently pay, so naturally I am ...
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1 vote
2 answers
323 views

Why don't most unfurnished rentals in the US accept the option of paying rent upfront, instead of doing credit checks?

In the US at least, if you want to rent a home found on a typical rental listing site like Trulia/Zillow/Apartments.com/Hotpads, the owner (an individual or a property management company) makes you ...
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5 votes
1 answer
967 views

I saw the place and have a signed agreement, might this still be scam?

Note: This is happening in Germany so the relevant document is in German. Translations to English are my own. TLDR: After visiting a place the landlord and I signed a document "Protokoll des ...
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1 vote
2 answers
158 views

Can I use my investment savings as a source of income to be considered for a loan?

I'm currently receiving public benefits from the Social Security Administration and my state's Supplemental Nutrition Assistance Programme (SNAP). I've been on these programmes for many years. I've ...
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4 votes
1 answer
217 views

Are there any avenues for hedging against the risk of a broke landlord?

My family rents our primary residence in a major city and we pay significant monthly rent, enough to cover two or three mortgage payments in a cheap juridisction. One of the key reasons I have been a ...
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14 votes
3 answers
6k views

Current renter wants me to mail application and check to them instead of landlord — is this legitimate?

I responded to an ad on Facebook Marketplace for an apartment. The ad said that they weren't the landlord, but were looking to move out before their lease was up. When I contacted them for a showing ...
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2 votes
0 answers
200 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 ...
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2 votes
0 answers
114 views

Are there standard mathematical models for rent vs. buy?

The internet has a lot of "calculators" to decide on rent vs buy. However I think there can be simple mathematical models/formulae to make this decision. I see the following variables, some ...
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3 votes
4 answers
273 views

What is the best way to start investing in real estate if you have no experience?

I want to buy a condo to live in as a starter home but want to begin renting it out at some point after I buy it, presumably when I have enough money to buy a larger home, as opposed to just selling ...
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49 votes
15 answers
12k views

Is there any reason to not buy if mortgage is comparable to rent?

I'm curious: Say if you could buy a property or choose to rent and the mortgage per month on the property is similar to (or even lower) than the rent in your area, is there any reason to not buy? ...
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29 votes
7 answers
28k views

Tax consequences of paying "rent" to romantic partner that owns the house

I moved in with my romantic partner nine months ago. My partner owns 100% of the property and pay about $1000 per month to the mortgage (minimum is something like $300). Partner had no intention of ...
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1 vote
4 answers
239 views

I just started a new job in D.C. and looking to buy my first home. I have a few questions, and any help I can get would be very much appreciated

Background: I just got a new job in downtown D.C. and I'm interested in buying my first home since interest rates are low and I have excellent credit (750-ish). I will be making 130K a year. I have ...
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3 votes
2 answers
312 views

Is it a bad idea to buy a home with the intention of renting out a room?

With my lease expiring soon (house with 2 roommates), I am looking to purchase a home with total cost of debt, tax, expected maintenance, and insurance less than my current rent payments (or within $...
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3 votes
3 answers
531 views

Should I tell my landlord that I am considering not renewing?

My lease is up for renewal in the not so distant future. My landlord recently contacted me to say they want to increase my rent by 2%. Which is not itself much, but the rent was already pretty high. I ...
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2 votes
0 answers
104 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 ...
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-1 votes
2 answers
188 views

I owe rent for a month and my landord is threatening me to move my stuff out of the house

This is Covid19 pandemic time and I understand that it is a tough time for everyone. I'm living in a rented single room in a shared-house with a verbal agreement (No on-paper lease) in MA, US. As ...
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2 votes
1 answer
144 views

Should I take my landlord's variable rent rate offer?

My apartment complex's landlord sent out an email to everyone, offering to change our rent amount to the following: $400 per month paid via check, plus 10% of monthly post-tax earnings, set up via ...
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0 votes
1 answer
110 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 ...
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  • 103
12 votes
3 answers
5k views

How to negotiate rent renewal when house prices are decreasing?

My rental contract is due for renewal in a few months. Currently, in the UK, house prices are decreasing, so it seems fair to ask for a slight decrease in rent to represent market rates. Ideally, I'...
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0 votes
1 answer
111 views

GNUcash - temporary funds received for purchase?

Where I live we have an app where we can transfer cash to each other. This morning for example, my girlfriend sent me 3750 so that I'd send 7500 to our landlord for rent. Where would i get these funds ...
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  • 103
0 votes
1 answer
209 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 ...
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2 votes
2 answers
232 views

Will not paying rent in the UK due to loss of income (COVID) be reported on the credit score file?

Background: Landlords do not have to pay their mortgage. Landlords will also be protected as 3-month mortgage payment holiday is extended to Buy to Let mortgages At the end of this period, landlords ...
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3 votes
2 answers
625 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 ...
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0 votes
4 answers
237 views

Should tenant be allowed to have rent due on x days past start of the lease?

A tenant ask if he could pay rent on the 10th of the month when the lease starts on the first. Is this common or be allowed? Seems like he is asking for 10 days of courtesy habitation.
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0 votes
1 answer
154 views

Planning overall cost of rental for the next 20 years [closed]

I'm helping my mother plan senior housing. She has a fixed amount of money in the bank that she can use to pay for housing. Generally housing has an annual increase of, say, 4%. Using Google ...
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7 votes
3 answers
2k views

Why is 5 years the 'magic number' for how long one should live in a home? [duplicate]

It seems common knowledge that it is good to buy a home if you plan to own it for 5+ years as seen in this answer as that is the point at which you will make up for losses(e.g. realtor fee) ...
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27 votes
7 answers
24k views

How much of a discount should I seek when prepaying a whole year's rent?

I'm currently looking for a new apartment. I am prepared to pay a whole year's rent up front in exchange for a discount. How much of a discount should I seek? It adds risk for me and I lose some ...
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  • 409
2 votes
2 answers
260 views

Is there any recommendation of rent / spending / saving ratio?

In the USA, are there popular rent / spending / saving ratio recommendations? Say I earn $150k per year and split it evenly between the three. Which would be $50k for rent or mortgage, $50k for ...
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  • 1,543
4 votes
1 answer
208 views

Is it normal to be asked to include detailed financial information on a home rental application?

I'm submitting a rental application for a privately-owned townhome in the US. The application asks for more detailed financial information than I have ever had to provide on past applications. It asks ...
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1 vote
2 answers
152 views

Should relocation to more expensive area affect home-ownership decision?

I am about to relocate (from outside the US to Massachusetts) for a limited time period (~4 years). Compared to my current job and expenses, both prices and wages should be approximately X1.5 times ...
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