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If you took out a conventional mortgage when can your rent out the property?
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∙ 18y ago
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Wiki User
∙ 18y ago
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What are the laws concerning someone who rents a home and is the landlord of the home allowed to come in at any time?
Laws will be different from country to country, and possibly even from state to state in the US. I think virtually everywhere in the US, a landlord does not have the right to enter a rented (up-to-date) property at any time. Your rent doesn't give you full ownership of the property, but it does give you certain rights. The privacy of your home is something you should be able to expect when you rent and are current. The landlord does own the property, however, and has the right to inspect the property after giving you adequate notice (and possibly under other circumstances according to the law). You'll have to check local/state laws.
If you break your lease six months before it ends and if the landlord makes no effort to look for new tenants can he sue you for lost rent?
It has been my experience, that if you break your lease prior to expiration of the lease term, you are in breach of contract. In NYC, unless you obtain signed and written consent from the landlord granting you permission to end the lease prematurely, he can sue for lost rent. I had a verbal agreement to end the lease early with the landlord of my first apartment in the city. I was in the process of moving out and he padlocked the premises with some of my belongings inside, and then sued me for back rent 6 months later and won. (Although I never paid based on principle. He had given me his word and then renegged. I made a naive mistake and he took advantage of me.) Never do anything with out the other party signing an explicit agreement. Many landlords, if given a month or so notice, will waive the requirement, but it is at their convenience. If you are going into the military and you have the correct papers, the lease can be broken.
Can you get your security deposit back if you signed a lease but the landlord has not signed yet and move in date is in 3 weeks?
Technically, yes. If you never took residency (and never accepted keys to your unit), there could not possibly be any damage that was caused by you. However, you may wish to worry about fees involved in breaking a lease - you may have to forfeit a month or two's rent!
How much was apartment rent in 1965?
Today it could cost to rent a 2 bedroom apartment anywhere from $800-$950 Including utilities. Depending on location. I'm in Canada, Ont. and that's our cost, at least in my town - not in the city. However in the 1960's it could cost you only $200-$300 Including utilities. But money was much much different back then. $100 was considered "big money" Their hourly wages were anywhere from $2-$4 and hour.
What structure took the longest to build?
The pyramid that took the longest to build was the Great Pyramid. It is believed it took 20 years to build and it is the oldest of the pyramids in Egypt.
If your parents took out a mortgage in their name how do you get a mortgage in your name for the same property?
A property cannot be mortgaged twice at once. Additionally, you must hold the title to the property to place it under mortgage. Unless the other mortgage is paid off and your parents give you the house, you will not be able to get a mortgage on it.
Your name is on a quit claim deed but the mortgage is in another person name can the bank take your house?
Whoever granted the mortgage to the bank must have owned the property at that time. If they later conveyed the property to a new owner they breached their mortgage agreement with the bank and the new owner took the property subject to the mortgage. The bank can take possession of the property if the mortgage isn't paid.
What happens when the person who acquired the property by quitclaim deed doesn't make their payments?
It sounds as though you sold land and took back a mortgage. If so, you can foreclose on the mortgage and take possession of the property if you reserved that right in the mortgage. You should consult with an attorney in your area since state laws on this issue vary.
Lived with parents for two years till their death. I took care of them. I was told I have to pay rent to stay in the house. This is my legal address.?
Sorry, but the property belongs to the estate. They can charge rent. Hopefully you will inherit the property, or most of the value of it when the estate is settled.
Can you void a mortgage contract because it only has one signature?
If two people were on title and one of them took out another mortgage on the property then the title company is at falt. In this case you have to talk to the title company and perhapes a real estate attorney.
In Nevada if Mary's name is on the title and deed but Lucy is signatory of the mortgage loan who bears the consequences of a foreclosure?
Answer: If Mary owns the property and the lender took a mortgage from Lucy then the bank can't foreclose on the property. Lucy had no interest to convey to the lender. (The lender didn't perform a title examination.) Did Lucy have Power of Attorney for Mary?
If my sister and her husband took out a mortgage with my mom as a cosigner and are now behind in their mortgage payments will my mom's estate responsible for the mortgage?
Each person who co-signs a mortgage is equally responsible for paying the mortgage. If your mother has died then her estate must be probated. The debts of the decedent must be paid before any property can be distributed to the heirs. You need to consult with an attorney who specializes in probate in your area who could review your situation and determine what the obligations are regarding the mortgage.
The Smiths took out a 30-year mortgage How many monthly payments will they have to make on this mortgage?
360
The Patels took out a 15-year mortgage How many monthly payments will they have to make on this mortgage?
180
Can you stipulate in a will that upon your death you wish the balance of payments on a mortgage that you took out yourself be the responsibility of a family member that is not your spouse?
Sorry, you can't force somebody to take on a debt for you. The person that inherits the property also inherits the mortgage and any liens on it. What you might want to do is buy a life insurance policy on the mortgage that pays it off if something happens to you.
When Beneficial Mortgage company went under who took over their loans?
Who took over Beneficial home loans
Am I able to get a mortgage loan if I have no credit?
It is very difficult to secure a mortgage if you have little or no credit. Mortgage lenders have become more picky about who they will lend money to after the huge issue took place with forclosures.
