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Renting out a property -what do you have to know about the new tenants?
Eartom
Well, you as a landlord can learn as much as you want, or as little as you want, because as a landlord you can basically rent to whomever you want. That being said you have the right to limit, to a certain degree, the scope of renters, such as convicted felons or registered sex offenders, especially if laws in your area restricts them to where they can live. For example your city laws may prohibit sex offenders from living within 2000 feet of a school, park, daycare center, etc.; in this case you may not be able to rent to a sex offender. However that's really not a problem for you, the Landlord because it's up to the offender to know those rules and where he can live. But you are not allowed to discriminate potential renters on the basis of their gender, religion/faith (or lack thereof), race, origin, or sexual orientation. You may or may not rent to illegal aliens, so check with your city or state about this. Also you cannot rent to a family exceeding the number of people allowable for the unit you are renting out-- generally not more than two adults for each bedroom of your unit. You might want to pass by your rental place surreptitiously while your tenants are home, and observe their behavior and amount of traffic to the home. Make sure the same people you rented out the unit to are there. You should do a complete background check for criminal history and any history of evictions.
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Does Canada allow Tenants by the Entirety?
Which states have Tenants by the Entirety on property? Does New Mexico have it?
How long have tenants got to put a bond in on new lease?
This will vary from state to state. The clerk of the lowest court where the property is located will know the answer.
What are the tenants' rights in common in Australia and New Zealand?
There are many tenants' rights in common between Australia and New Zealand. Some of these rights include making sure the property is clean and safe for the tenants and making sure the property is well maintained by performing necessary repairs.
What are the responsibilities of a new mortgage owner to existing tenants what if new owner wants to tear down and rebuild?
Usually the new owner can do what they wish with the property, but must give some consideration to the previous owners contract with any tenants. You should give such tenants reasonable time before they must vacate. Let them know your intentions and discuss what amount of time would be acceptable for all parties.
Do both joint tenants have to be informed and agree for one to sell?
No. One joint tenant is free to sell their own interestin the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.No. One joint tenant is free to sell their own interest in the property without permission from their counterpart. If they do the new half owner and the co-owner will become tenants in common.
How many days do landlords have to give tenants when they're selling the rental property?
None...but the new owner must give them 30 days to vacate the property...
When was The New Tenants created?
The New Tenants was created in 2009.
What happens if the property you are renting becomes repossessed?
It depends on what the new owner plans to do with your unit. You can ask the current owner if he knows.
What is a tenant esstoppel certificate?
This is a certificate given from a property owner to the new property owner, which details all aspects of the tenant occupancy of the property, such as how many tenants, their information, how much they're paying in rent, etc.
If a husband takes a property out of his trust and adds his new wife' s name to the deed do his children have any recourse to get the property away from their father's wife?
No, not if husband titled the property as joint tenants or tenants by the entirety with his wife. The only situation in which he could not make that change would be if he was ordered to hold the property in trust by virtue of some court order or some written agreement.
If you are in a lease and the owner sells the house can the new owner make you move?
Yes, but only if the lease permits it or when the lease expires. There is a presumption that a purchaser of rental property will know the terms and conditions of every lease for current tenants.
Should I build or should I rent property for my small business?
If it's a new business you might be best renting first. Building is expensive, and if the business is new there's a lot of cost, especially if your not sure that the business will work in the location that you're looking at. Renting gives you more flexibility, and then once you're established and know what you want you can build something to meet your needs.
