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What else can I help you with?
What is the difference between a tenant and a guarantor in a rental agreement?
A tenant is the person who rents and lives in a property, while a guarantor is someone who agrees to pay the rent or cover any damages if the tenant is unable to do so.
Can I sell my house to my LLC and rent it back from the LLC?
Yes, you can sell your house to your LLC and then rent it back from the LLC. This arrangement is known as a sale-leaseback transaction and is a common practice for individuals looking to transfer ownership of their property to a business entity while still retaining the right to occupy the property as a tenant.
Can I increase the rent on my tenant?
Yes, as a landlord, you can increase the rent on your tenant, but you must follow the laws and regulations in your area regarding rent increases and provide proper notice to the tenant.
What does landlord insurance cover in terms of loss of rent?
Landlord insurance typically covers loss of rent due to factors like tenant default, property damage, or other unforeseen events that make the property uninhabitable.
Can you rent out a shared ownership property?
Normally, you can’t rent out a shared ownership property without permission. These homes are for you to live in, not to rent to other people. But if your situation changes, you can ask the housing company, and they might say yes sometimes.
What is opposition between a tenant and landlord?
A landlord is generally a person owns property for rent. A tenant is someone who rents property from a landlord.
Can a co owner charge rent to the other co owner?
No. Each tenant in common has the right to the use and possession of the entire property.
Can you sue a property manager if he does not collect rent?
Generally there is no point in suing a property manager for not collecting rent. It should be noted that the tenant is responsible for paying his rent on time. It is not the responsibility for the landlord to collect the rent. If the landlord does not collect rent and the tenant should send it to the landlord by mail or in person.
What are the common issues that arise in tenant vs landlord court cases?
Common issues that arise in tenant vs landlord court cases include disputes over rent payments, lease agreements, property maintenance, security deposits, eviction proceedings, and property damage.
What is the definition of the word tenants?
A tenant is a person who occupies a property, often an apartment, from another person, often known as a landlord. The tenant often pays rent for the property the tenant occupies.
What is a share cropper?
A sharecropper is a tenant farmer who gives a share of the crops raised to the landlord in lieu of rent.
How do you calculate triple net lease?
A triple net lease (NNN) is calculated by adding the base rent to the tenant's share of property expenses, which typically include property taxes, insurance, and maintenance costs. To determine the total monthly cost, you first establish the annual base rent and divide it by 12, then calculate the estimated monthly expenses based on the property’s costs and allocate these to the tenant. The final amount is the sum of the monthly base rent and the monthly expenses. This ensures the landlord passes on the operating costs directly to the tenant.
Does the rent need to be paid if the property is in defualt?
Aslong as the landlord is the legal owner of the property (inquire at the registry of deeds), the tenant is obligated to pay the rent to him.
Can a tenant take a portion of the rent off for property stolen by another tenant for which the landlord has knowledge of prison and gang affilations?
No.
What is ac rent and possession?
"Rent and possession" refers to the legal relationship between a landlord and tenant regarding the rental of a property. Rent is the payment made by the tenant to the landlord for the right to occupy and use the property, while possession signifies the tenant's legal right to occupy and control the premises. If a tenant fails to pay rent, the landlord may seek to regain possession through legal eviction proceedings. This concept is fundamental in landlord-tenant law, outlining the rights and responsibilities of both parties.
Does a landlord have the right to collect rent on a home with a notice of default?
As long as the landlord is in legal possession/ownership of the property and as long as you are residing on/in his property, yes. His notice of default has no legal effect of putting a "stay" on your payment of rent.
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.
