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Tenants Get New Rights When Homes Are Foreclosed

There are any number of reasons why foreclosures are awful and one of them concerns tenants: Until new legislation was signed by President Obama last month tenants could be evicted from a foreclosed home, regardless of whether or not they had a lease or paid their rent in full and on time. Now, however, the […]

June 10th, 2009 | | 0 comments | Continued
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Must A Landlord Fix The Clothes Washer

When you rented the property it was offered to you with certain features. You, as a tenant, have an obligation to do routine maintenance — such as change light bulbs and clean lint filters — while landlords typically have an obligation to make capital repairs above a dollar amount specified in the lease. If a […]

December 12th, 2008 | | 0 comments | Continued
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Can A Landlord Enter Without Notice When Selling?

Question: I\’m a renter who has no contract with the landlord. I pay rent month-to-month. The owners’ recently put the home up for sale, and the real state broker put a lockbox on my door. Do they have the right to come in while we are gone or do they have to wait until we […]

November 19th, 2008 | | 0 comments | Continued
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Must My Landlord Repair A Hot Water Heater?

Question: I have been renting a house that prior to my move in had major water damage to the basement and ruined the water heater. It has been fixed to the point where it will work, but causes a horrible smell throughout the house if left on. Therefore I only turn it on an hour […]

November 1st, 2008 | | 1 comment | Continued
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Should I rent or sell my property?

A number of questions should be asked, including: ___If you rent, can you rent and have a positive cash flow? ___Are property values in your community generally rising? ___What are the tax implications of each choice? Speak with a tax professional for details. ___Does your community have rent control (about 200 areas now have rent […]

August 27th, 2008 | | 0 comments | Continued
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Is it ever better to rent than to own?

There are at least several cases where renting may be more attractive than ownership. ___ You will be in an area for a short period of time, say five years or less. ___ The local economy is bad and getting worse, employment levels are dropping. ___ Better returns with equal risk are available elsewhere. ___ […]

August 27th, 2008 | | 0 comments | Continued
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I need to move. How can I break my lease?

You cannot break a lease without consequences. After all, if tenants can break a lease then why can’t property owners? If you need to move but have time remaining on a lease, the best approach is to contact the owner or property manager, explain the situation, and offer to help find a new tenant. It […]

August 27th, 2008 | | 0 comments | Continued
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Can a computer help me decide whether to buy or rent?

When you use a buy-versus-rent comparison program — whether on a home computer or on the Internet — the results will reflect whatever assumptions are entered into the program. Thus you can produce any answer you like. Program answers can be based on incorrect assumptions or on efforts to examine values that cannot be objectively […]

August 27th, 2008 | | 0 comments | Continued