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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4
votes
2answers
152 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. ...
0
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5answers
292 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 ...
31
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8answers
9k 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 ...
21
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6answers
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-...
2
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2answers
280 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 ...
49
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11answers
8k 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 ...
1
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1answer
341 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 ...
1
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2answers
200 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 ...
4
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1answer
488 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 ...
1
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2answers
129 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 ...
4
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1answer
196 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 ...
14
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3answers
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 ...
2
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0answers
184 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 ...
2
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0answers
81 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 ...
3
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4answers
256 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 ...
49
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15answers
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? ...
27
votes
7answers
16k 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 ...
1
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4answers
216 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 ...
3
votes
2answers
240 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 $...
3
votes
3answers
452 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 ...
2
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0answers
99 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 ...
-1
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2answers
182 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 ...
2
votes
1answer
125 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 ...
0
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1answer
90 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 ...
12
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3answers
4k 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'...
0
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1answer
86 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 ...
0
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1answer
116 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 ...
2
votes
2answers
190 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 ...
3
votes
2answers
574 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 ...
0
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4answers
231 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.
0
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1answer
151 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 ...
7
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3answers
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) ...
27
votes
7answers
17k 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 ...
2
votes
2answers
242 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 ...
2
votes
1answer
120 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 North Dakota, US. The application asks for more detailed financial information than I have ever had to provide on past ...
1
vote
2answers
136 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 ...
0
votes
0answers
43 views

Appartment Rent in a monthly budget [duplicate]

Good day; I'm making a Monthly budget to keep track of where I spend my paychecks. I stumbled upon the rent part; would that be considered a debt? Since it's basically something that I "accept" I'll ...
5
votes
1answer
224 views

Agency wants to increase rent halfway through the tenancy

Context: United Kingdom, South-East, West of London I have made an offer for a rental property: 2 year tenancy with a 6 month break clause at £XXX/month. This offer was accepted and I paid a holding ...
21
votes
6answers
17k views

Is rent considered a debt?

I am taking a financial assessment. It asks me: What is your total monthly debt payment (e.g. student loans, vehicles, credit cards, personal loans, etc.)? Then the next questions are about ...
3
votes
3answers
550 views

The balance between Renting and Buying

My girlfriend and I are spit-balling the idea of buying a house. We've heard pros and cons for mortgages; you're putting your money into an investment vs you're paying far more than you anticipate due ...
0
votes
2answers
146 views

Renting Part of the Home

I am currently living in a rented house. I am thinking of buying a home with the intention of renting out a section (for example, a two story house, live on the first floor and rent out the second ...
1
vote
1answer
291 views

How long do I have to wait to start renting out a newly bought flat?

I've purchased a new flat outright as a cash buyer. The solicitor documentation suggests there is a 'SDLT' (stamp duty) tax of around £8,000. I believe this can be avoided by living in the property ...
1
vote
1answer
565 views

How many times do I pay rent?

First question here, apologies for any mistakes I have just finished renting my first place and have now moved to a new flat The Landlord of the previous place has taken a months rent for the ...
1
vote
0answers
43 views

Renting and selling a US house while being a EU resident

Clearly anybody can buy a residential property in the US. If one buys for investment and lives in EU (say UK) where does he/she pay rent and sales tax? US or UK?
3
votes
2answers
436 views

Is it normal for an apartment complex to raise the rent on a long term tenant while listing identical vacant units at their original price?

I have been at this apartment complex for 2 years now. When I moved in two years ago, the rent for my unit was $2200/mo, which was reasonable for the market. At the end of my first 12mo lease, the ...
26
votes
8answers
16k views

Is the apartment I want to rent a scam?

I am currently looking for an apartment in the near city. Yesterday I found an entry on an online-platform where people rent apartments to students, all in all a serious platform which I have used ...
0
votes
3answers
231 views

Able to pool funds for a downpayment and co-ownership of a home?

I want to buy a house but I do not have quite enough for the 20% down payment I'd ideally like to post for the mortgage. My wife and I are thinking of chatting with our family and getting together ...
14
votes
5answers
5k views

When leasing/renting out an owned property, is there a standard ratio between monthly rent and the mortgage? [duplicate]

I'm leaving the country for work for roughly a year, and would like to sublease my home to a friend of mine living in the area. I have no experience as a landlord, and I've had a tough time figuring ...
36
votes
6answers
17k views

Holding rent money for my friend which amounts to over $10k?

My close friend has just moved into an apartment with me and due to some circumstances he would like to pay me the rent money for a year upfront. The total amount will be about $11k total, and we as ...
0
votes
1answer
213 views

Sublet my apartment or break my NYC lease with forfeit of security deposit?

My NYC landlord has agreed to let me out of my lease agreement if I forfeit my security deposit of $3,225.00. In the rental agreement I have six free weeks of rent on an 18 month lease. So the net ...

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