Imagine this situation: You need to break your lease because you have taken a job in another state.
Rental properties are there to help a landlord make money, and in turn, provide tenants a place to live without requiring them to buy. When the real estate market gets tighter in the local economy, one thing you may be able to do is to negotiate the price of an apartment or rental building. As a tenant, you can politely bring up the cost of the home and negotiate, and as a landlord, you have the right to price the home at any price you believe is fair in the current market.
Landlords and tenants both have their own set of responsibilities when they enter into a leasing contract. Landlords specifically are required to keep the rental property in a habitable condition. Additionally, if the landlord wants to enter the property, he or she must inform the tenant with a reasonable amount of notice. The only time a landlord can enter a property without notice is if there is an emergency.
You love being able to lease out your duplex, but you also know that whoever you bring in needs to be a safe, respectful tenant. How can you make sure you protect yourself as a landlord and only work with people who are respectful of your property?
A tenant leasing agreement has a number of different facts about the lease in it as well as restrictions, obligations and other legal matters. There are several things that will be listed in each lease including the names of the tenants and landlord, the term of the lease, the address of the unit, if the tenant can have pets and how much the security deposit will be.
If you have a tenant who has not paid his or her rent, there are steps you can take to make your tenant pay. On the flip side, if you're the tenant, you should know your rights and how you should expect to be treated by your landlord when you owe rent. In both situations, working with your attorney can help you through this process in the most effective manner.
When a real estate dispute erupts between a housing authority and a tenant, the results may not be in favor of allowing a tenant to stay. In some cases, this might violate a tenant's rights, in which case a tenant might want to appeal. That's what's happening in this case, which has caught the media's attention.
Many New Yorkers are housed in units that are either rent-controlled or rent-stabilized, and while the two terms are similar forms of rent regulation, they are not synonymous.
When a tenant signs a lease, the landlord then has a contractual obligation to allow the person to live in the property. Even though the landlord owns the property, the tenant cannot simply be thrown out without cause. However, there are legal reasons that tenants can be evicted.
Once the terms of a commercial lease have been finalized after hours of careful negotiation and the necessary signatures are appended to the document, both property owners and tenants often breathe a sigh of relief, confident that the matter is effectively resolved and eager to turn their attention to other pressing matters.