Buying a new home is an exciting time in anyone's life, but only if the real estate transaction goes well. There are many legal issues that could come up and hurt the transaction. There are also things you might want to change about a home that could impact the sale.
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.
If you are looking into making a real estate purchase, there is some good news on the horizon. Starting in July 2017, the three largest credit-reporting agencies will be excluding tax liens and civil debts from their reports, helping your credit score improve. In turn, this means you may be able to obtain a better interest rate, mortgage and make a better real estate purchase.
It may be the case that you don't always get along with a landlord, or, if you're a landlord, you might not get along with your tenant. If you have a real-estate dispute as a landlord or tenant, buyer or seller, you're not alone. Many people struggle with disputes, but there is a way to work through them. One of those ways is through mediation.
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.