Q. I am currently looking into getting a house or apartment. I have seen signs that say "For Rent", "For Lease", and "For Pre-Lease". What is the difference between these three terms?
A. For Rent, you have no obligation to stay longer than a month usually, but prices may go up at any time.
For Lease you will be locked in for a specified period of time. Usually one year but the price is fixed for that one year. If you leave before hand you still owe the money.
Prelease, put your money down now, move in in several months when they are ready for you. The advantage is it usually is cheaper unless they have a waiting list and then you move in when a vacancy occurs and the price is not cheaper.
For Lease you will be locked in for a specified period of time. Usually one year but the price is fixed for that one year. If you leave before hand you still owe the money.
Prelease, put your money down now, move in in several months when they are ready for you. The advantage is it usually is cheaper unless they have a waiting list and then you move in when a vacancy occurs and the price is not cheaper.
Neighbor pulling my for rent sign out of my yard, What can I do?
Q. I own a rental house and the neighbor who Ive had problems with in the past, keeps pulling the for rent sign out of the yard. The last sign he actually ripped it in half. What can I do? I thought about sneaking in the house and trying to catch him on video.
A. I would catch him on video and take it to the police because technically that's trespassing because you own the house not him.
One of my friends use to have a problem with their neighbor pulling something out of their yard, I can't remember what it was, but they put up surveillance camera around their house and saw their neighbor telling his kid to go rip it out, they showed the police and they made him stop
One of my friends use to have a problem with their neighbor pulling something out of their yard, I can't remember what it was, but they put up surveillance camera around their house and saw their neighbor telling his kid to go rip it out, they showed the police and they made him stop
What is the difference between "for rent", "for lease", and "pre-lease"???
Q. I am currently looking into getting a house or apartment. I have seen signs that say "For Rent", "For Lease", and "For Pre--Lease". What is the difference between these three terms?
A. Well, Rent is a month to month form of paying. Leasing is when you sign a contarct for longer period of time. Like 3months,6months or longer. If you lease, then you're stuck in that contract for as long as the contract describes. Pre-lease means that you lease it before you will move in(whice most times comes with a clause so that you can break your lease without having to pay more. Hope this was helpful
I have a signed contract for a rent option to buy?
Q. I have a signed contract for a rent option to buy with a real estate investor. If I did not buy the property they would be opligated to buy. I paid rent but because supposidly others shorted investor on rent and stole money from her my rent did not pay mortgage on rent to own property. Because of the circumstances can this investor be charged with fraud? They ignore calls from other sellers and buyers who were hurt by this situation and never return calls. Is this considered fraud by her with all the circumstances
A. no fraud as far as the law goes, just a bad business. The original owner and tenant may have civil recourse on this "investor" but most all these deals the "investor" is using a sideways LLC and has no assets to collect on. The tenant or original owner would have the necessary cash to hire an attorney to purse the case anyway or neither would have went for this wacky deal in the first place.
The last rent to own tenant, the original mortgage holder and the lender all get the short end of the stick.
quite a few states have pending bills to outlaw this practice, if and when they make it to law is any-ones guess
The last rent to own tenant, the original mortgage holder and the lender all get the short end of the stick.
quite a few states have pending bills to outlaw this practice, if and when they make it to law is any-ones guess
Powered by Yahoo! Answers
No comments:
Post a Comment