New answers tagged

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Yes GST, parking and society one time maintenance can be included in the agreement. There is no restrictions on what can be included in agreement. What is important is the wording of the agreement. GST should be less of an issue if the value is increased and agreement says GST is payable by builder. Other items can be tricky as it can land builder into ...


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Call your local utility company, they will be able to tell you exactly how to transfer the utility bill to another party - you can likely find the phone number on your last bill. Some utility companies may allow you to do this online, so you can check their website as well. As for the curtains, I'm not sure you'd be required to leave them as it's not really ...


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This isn't much of an answer, but: the recent California law changes dealing with ADUs are new and their interaction with local law (building codes, etc.) is complex. The ramifications of the changes have yet to be fully fleshed out in practice. A lot can depend on the extent to which individual cities and counties embrace the new laws and try to encourage ...


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Risks: The local government discovers it and wants it removed. Now. The cost to bring it up to code is a lot more than you expect. The procedure for approval may require you to get permission from neighbors, and one won't agree. It is impossible to get approved because it was built to close to the property line, or it is too tall, or too large, or the ...


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Your concern is that someone ("an ex wife") may take some of Brother's assets. Unfortunately, if Brother has cash money in the bank owns real estate owns stocks and bonds has valuables such as gemstones has everyday items such as cars, boats No matter what "mix of stuff" Brother has, as assets, those assets can be chased by another ...


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Is a mortgage-backed security (MBS) something retail investors can buy? Technically, yes, but they are designed to be sold to institutional investors in bulk (i.e. in increments of tens of thousands of dollars). You probably can't buy, say, $500 of an MBS. If you want exposure to the MBS market you can look at ETFs that invest in MBSs. Plus, there are ...


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In the US, retail investors can buy mortgage-backed securities issued by Ginnie Mae, Fannie Mae, Freddie Mac, and other private issuers. These securities trade over-the-counter, so you will need to find a dealer to ask for quotes. Not all stock brokerage firms deal in MBS. The minimum investment is usually $10,000 to $25,000. FINRA has a good basic article ...


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Email would be just fine. Even if Zillow had a built-in way to reject applicants, I would send an email. Someone might not have their notifications set up, or have used a burner email for their Zillow account (different then what they put on the application). Whether you tell them why you rejected the application is up to you. If you have a justifiable ...


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Withdraw it from the market. If anyone asks, apologize and say that you severely mis-priced it, and you can't afford to rent it out for the original price. Most of them will say "I'm not surprised". Then say "I'm taking it off the market so I don't bait-and-switch people". Don't tell them this, but part of the problem is with an ...


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One option is to go ahead and increase the advertised rate on Zillow for any new contacts, but also send everyone who has already contacted you a message telling them that you will still honor the previously advertised price for them. Even so, many of those people could view this as a type of high-pressure sales tactic and run from that.


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I would very strongly recommend against doing so, especially during this pandemic, when evicting people for non-payment will be impossible for a long time. Rather, if you have a lot of prospective tenants to pick from, research them (Facebook, LinkedIn, etc) ask them for a credit report(or at least a Credit Karma screenshot) and choose the one that seems ...


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I'd say 20 interested parties is good, that allows you to look at non-monetary factors as well -- do they leave an impression on you as if they will take good care of things, do they seem like people who'd get along with the neighbours, so if someone goes on holiday, they will watch each others' houses to prevent burglaries. You are still competing with ...


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It is common understanding between civilized, honorable people that a promise is a promise. When you accept an application you make a promise. Namely, that unless the prospective tenant happens to meet certain defined disqualifying criteria, they will be given the right to sign on the exact terms discussed. The person who submitted an application for a lower ...


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Yes you can. Just tell them that there was a lot of interest and someone offered 9 % more than the advertised price and "if you offer +10 % you are first in the line".


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If you haven't collected money from applicants or made any agreements with them, then they aren't harmed by you changing rent, in a legally actionable way at least. As comments point out, some people might view their wasted time as an incredible offense and seek to harm you. If you have collected application fees then you either shouldn't raise the rent or ...


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Small time landlord here. I would say don't count your chickens before they hatch. "expressing an interest" is not the same thing as putting down a security deposit and signing a lease. I've had many people "express interest" who then ghost me. Finding an apartment is a lot like dating. These potential tenants might also have expressed ...


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Not a lawyer but this seems like a very bad plan. What you're hoping to do here looks very much like a classic bait-and-switch scam. Advertising a low price to attract customers and then declining to offer the goods at that price is generally not allowed and could cause you significant liability. You'd need to look at Philadelphia's landlord-tenant laws ...


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You’ve not tagged or otherwise indicated that this applies only to the US, so here’s the answer from a UK perspective. The “buyer’s agent” is most likely a fraudster trying to insert himself in the process, because buying agents are almost unknown and when they do exist, they are always paid by the buyer.


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