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What happens if you stop paying rent and fail to fulfill your financial obligation to your landlord?
If you stop paying rent and fail to fulfill your financial obligation to your landlord, you may face eviction proceedings and potentially be taken to court for non-payment of rent. This could result in you being forced to leave the property and having a negative impact on your credit score.
What else can I help you with?
What happens if landlord says he will lower rent then does not?
Nothing.
What happens if I stop paying rent?
If you stop paying rent, your landlord may take legal action against you, such as eviction. This could result in you being forced to leave the property and potentially facing financial consequences. It is important to communicate with your landlord and seek assistance if you are having trouble paying rent.
Can a private apartment be rented out without informing govt authorities in Seattle WA and What happens if I unknowingly stay in such apt by paying rent?
You do not need to authorize government authorities while renting out an apartment. Your only obligation as a Landlord is to claim the income for tax purposes.
What happens when a landlord has a counterclaim against them and don't show up for docket call?
Landlord doesn't show? Case dismissed. If the Landlord is a Defendant and doesn't show: default judgment against them.
Is a landlord allowed to harrass you through your employer?
Absolutely not! If this happens you can sue him.
What happens if you win the lottery?
If you win the lottery, you will receive a large sum of money as a prize. This can change your financial situation significantly and provide opportunities for you to fulfill your dreams, but it also comes with responsibilities such as managing the money wisely and paying taxes.
What happens if you have cockroaches and your landlord will not get rid of them?
First, call the local board of health and ask them to document the situation. If the landlord does not exterminate soon, the tenant could hire an exterminator, and deduct that amount from the rent, sending the receipt to the landlord.
Income received in adv is current liability why?
Income received in advance is a current liability because you (or the company) has not fulfilled its obligation in earning this income. For example, say you sale computers and someone pays you $1,500 for a computer and you are going to have the computer to them in maybe 14 days, they have prepaid you in anticipation that you will fulfill your obligation and send them the computer. If anything happens and you are unable to fulfill this and send them the computer, you are liable to return the money they paid you for this. Once the computer is sent, the Income is then removed as a liability and is reported as earned income. The accounts used to record such a transaction are.. Debit Cash Credit Unearned Income Once the obligation is fulfilled we then remove this entry from unearned income by Debiting Unearned Income Crediting Income (many companies use Revenue)
What happens if your landlord misplaces your rent payment are you still responsible to pay them?
Check, yes. Cash, no.
If a tenant lives in a property where a landlord has a bankruptcy and does not reaffirm the loan what happens?
As long as the landlord still has control over the property he has the right to collect rent on it and evict non-paying tenants.
What do you do if your landlord is missing so you cannot pay rent?
You could go to the bank and open an 'escrow' account, and put the rent in there. Eventually either your landlord, or your landlord's estate, or your landlord's creditors will come looking for it, and when that happens you want to have both the money itself and proof that you made a good faith effort to pay it in a timely fashion.
What happens when landlord does not stop noisy tenants?
If this noise is a problem for other tenants, the landlord may be in violation of the lease with the other tenants. This would give them a reason to leave before their lease is up.
