All Posts Tagged With: "lease"
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 [...]
19Nov2008 | Peter G. Miller | 0 comments | Continued
Is It Better To Own Or Lease A Car For Mortgage Qualifying?
Having title to a car means you have an asset, an addition to your net worth once all financing is paid. Having a lease means having a debt that must be considered when a lender looks at your financial ability. Lenders must also consider what is likely to happen when the lease is up. The [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What Is A Land Lease Or Ground Lease?
With a land lease or ground lease, all improvements (a house or apartment building, for example) on the property revert back to the land owner at the end of the lease period, usually without additional compensation or payment of any type. Thus, as the end of the lease term gets nearer and nearer, there is [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What Is A Lease Option?
It sometimes happens that a buyer does not want to purchase, or cannot purchase, immediately, and a seller does not want to sell, or cannot sell, immediately. In this situation, both parties may want a lease option arrangement. In general terms, a lease option is an arrangement where a prospective buyer moves into a property [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Can all the rent paid in a lease purchase be credited toward the down payment?
If the purchase is being financing by a commercial lender, the lender will want to know the fair market rental for the property. Anything above the fair market rental can be considered a credit toward the purchase, anything below a fair market rental represents a discounted sale price. A lower price, in turn, means the [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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 [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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 [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
Can I Break My Lease If I Get A New Job — 50 Miles Away?
Question: I have received a job offer in another city. What do I do about my apartment — I still have 14 months on the lease? Answer: A lease is a contract. If you cannot fulfill the terms then you may be responsible for rent and other costs as the landlord seeks a new tenant. [...]
22Aug2008 | Peter G. Miller | 0 comments | Continued
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