103

The two basic rules for not getting scammed while apartment hunting are: Never sign the contract before you inspected the property in person Never pay money to inspect a property in person Carefully chosen pictures can hide a lot of nasty details. Pictures also don't communicate sound or smell. So insist on a tour of the apartment before signing the lease ...


52

I believe it's not only legal, but correct and required. A 1099 is how a business reports payments to others, and they're required by the IRS to send them for payments of $600 or more (for miscalleneous payments like this). The payment is an expense to the landlord and income to you, and the 1099 is how that's documented (although note that if they don't ...


44

Is it normal for realtors/landlords to ask for for the prospective lessee to provide their credit report? Not normal, but should be. This approach saves money (these costs are already baked into rent or application fees, so hopefully this saves you money) and it also prevents inquiries which are not a big deal but do have a small impact on credit score (...


34

No one appears to answering the stated question, so: How do you send money when you're not sure it's not a scam? Don't If you aren't 100% sure it isn't a scam, don't send money. If it isn't a scam, any renter or seller will acquiesce to any reasonable requests you have to make sure it's not a scam before sending money. Obviously scammers won't. Once you ...


32

Unfortunately we live in an age where a large amount of apartments and houses are being rented on sites like airbnb as well, not even inspecting the apartment is foolproof. Be wary of increasingly common scams of people renting a house/apartment on airbnb for a week and running with the money. The safest bet is probably to get a real estate agent from a ...


30

It depends on the terms of the lease, but it's hard to imagine a lease that would allow to do this unilaterally with no strings attached. That means it actually depends not on how much you like your landlady, but on how much she likes you. In general, by signing the lease you assume a contractual obligation to pay the rent every month for the entire term ...


25

Just ask! If the apartment isn't move-in ready and the landlord asked you to wait, send an email (put it in writing) and say something like: "Dear Ms Landlord, Thank you for painting the space and remove the dirt and cobwebs before I can move in. Please let me know when I will be able to move in. I will pro-rate the first month's rent according to the date ...


21

It is legal. They're probably going to give you a 1099-MISC, which is required of businesses for many cash payments over $600 in value to all sorts of counterparties. (Probably box 3 of 1099-MISC as is typical in "cash for keys" situations where one is paid to vacate early) A 1099-MISC is not necessarily pure income, but in this case, you do have money ...


15

If you used an outside broker to find the apartment, meaning a broker not affiliated with the landlord/management company, then they are allowed to list it as a No Fee apartment with a Collect Your Own Fee option (CYOF). So it will be "No Fee" if you use their broker, but using an outside broker means the broker has to collect their fee from you rather than ...


15

There are a few tips I've discovered during years of hunting for different apartments to weed out suspicious listings. Your situation does seem reminiscent of a time I was nearly scammed on a rental property where the listing was a guy who had moved(from Michigan) to New York for a job and still owned his house in Michigan. We really liked the pictures of ...


15

You said, Normally though, they ask for permission to run a credit report, or just straight up ask what my credit is; but, in this instance they've asked me to supply the credit report And then you asked, is it normal for realtors/landlords to ask for for the prospective lessee to provide their credit report? No, it is not normal. Further, and ...


15

The case referred to is an English case. At that time in the UK, “rates” was the name for the general property tax that had to be paid to the local council on every domestic property. If it was rented, the rental agreement would specify whether the landlord or the tenant was responsible for paying the rates. Domestic rates were replaced by Council Tax in the ...


14

Legally speaking, you are responsible for the entire lease. So, if you have five months left on the lease, you are responsible for paying the rent for each of the five months. On the other hand, the security deposit must be returned to you upon completed payment of the entire lease, provided there's no damage. In most cases, you are only responsible for ...


11

If you help find a suitable next tenant and help smooth out the transition, most landlord generally don't have an issue to terminate the lease early, and move the contract to the new tenant. Remember that the biggest concerns for landlords is that they don't want the place to be empty (leaving an apartment empty costs them money due to tax, strata, bills, ...


11

Confer with the landlord I am surprised at the amount of work this contract wants done. I'd question if it's even legal given the high costs. I suspect it's only there to remind abusive tenants of responsibilities they already have in law for extraordinary abuse beyond ordinary wear-and-tear: they are already on the hook to repaint if they trash the paint ...


10

If John signs the lease he is entitled to stay there for the duration of the lease regardless of the foreclosure status. http://www.nolo.com/legal-encyclopedia/renters-foreclosure-what-are-their-30064.html I would suggest that signing a year lease (even by email), with the plan to leave as early as possible is a good thing. The key will be to make sure ...


9

There's no safe way of sending money to a scam-artist. Once it's on their hands, you'll have a hard time to identify his identity or to request the money back. Only decent people would worry about sending money back, obviously. This totally appears to be a scam for several reasons already mentioned. If you are still not convinced and fear to let a bargain ...


9

PayPal, as a purchase. Ask him to invoice you for a purchase. You won’t hear from him again :) What's really happening here This is the backside of another scam they are working concurrently. That Chase account you're wiring to actually belongs to Susan Danvers, who lives in rural Pennsylvania and is thrilled to have a "virtual" office assistant job ...


8

Go to the landlord and explain your problem. The landlord might be willing to either Let you out of the lease early so as to sell sooner. Let you stay for six more months on the current lease. You don't mention your country nor a more local jurisdiction (e.g. state in the United States), but being asked to leave at the end of your lease does not ...


8

Jon Schaub may have some valid advice, but there seem to be several critical defects with your interpretation of it. You have to post income as income You seem to labor under the impression that since your AirBnB revenue just pays your mortgage, that produces little or no income to tax. That would be the "in my wallet" accounting system, which IRS does ...


7

According to the Virginia Residential Landlord and Tenant Act, section 55-248.35 (Remedy after termination) on page 37 says that if you terminate the contract, the landlord has the right to claim rent and a separate claim for actual damages for breach of the rental agreement. They can claim this until your lease is up or another tenant moves in, whichever ...


7

If there were such 100% reversible payment methods, there would be scams in the opposite direction, where a tenant rents an apartment, stays there for a month, them disappears and reverses their payment. Also, if the price is such that you feel you "should be very fast about pursuing it", it's another reason to be rather slow and cautious about it. The ...


6

You have two issues. The damages due to your breaking of the lease and those related to the physical condition of the unit. Landlord Tenant Law for your state will cover the rules for both types of damages. The physical condition of the unit would have been an issue even if the lease had run to completion. Get a hold of the rules for your state to make ...


6

Would my (new) landlord even be aware of the fact that I'm his guarantor? Does that show up on a credit report or would there be another indication of it somewhere? It may come up during background checks, and it may not come up. You're expected to disclose material information on the rental application, and withholding it may lead to voiding the rental ...


6

If your landlord is OK with you subletting your apartment - then that's all that the landlord has to do with that. It doesn't really matter if the landlord is a private person or a publicly trade corporation/fund. No relevance at all. As to your own reporting - you're receiving rent. That is income to you. You can deduct the portion of your expenses (...


6

Just ask. Something like I see that the apartment still needs some repairs/cleanup before being move-in ready. Can we delay the move-in date until {date}, make the lease contingent on the repairs/cleanup, and prorate the rent accordingly? They can say no, but you can also look around for other apartments. If they have other people wanting to move in ...


6

Rent laws vary a bit by state, but it sounds like you have a "tenant at will" agreement. It should be both ways, i.e. You can give landlord 30 day notice. If I am wrong, and you have a year agreement, he's trying to squeeze you on any of his own expenses going up. That means if the 30 days is not reciprocal, you are taking on a huge risk, in my opinion.


6

I went to the state of Michigan for information regarding tenants and landlords Q3 What provisions are prohibited by law from being included in the lease? The Michigan Truth in Renting Act regulates residential leases prohibiting certain clauses or provisions and prescribing penalties. A provision or clause in a ...


6

Typically, no. Most lenders only count ~70% of rental income for loan qualification purposes, and only after you've had that rental income coming in for a couple years. The exceptions are typically made for business loans which require higher down payments and higher interest rates than traditional mortgages. Also, getting your first business loan can be ...


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