im renting my house to someone for one year only and im making them sign a rental agreement?
928541
***Ok I saw the revision of the contract and it looks better then the first one. But I would definitely tell you that you should go to a lawyer who knows much about contracts for you to be able to make this contract completely solid and legal. Usually you should be able to find lawyers who you can pay a minimal fee to just to have them look over and notarize the contract to make it legal. It's best advised to do that in case a lawsuit occurs one day.\n\nYou can go to http://www.findlaw.com to find lawyers in your area or read up on some of the legal rules, cases and issues that might be of help to you with this contract further. Good luck!!\n**********\nThere are both pros and cons to this contract. \nA states that it is a year long lease. But I find something here that I feel you may need to check on so that if you end up getting sued, you have evidence to prove that the other party has to pay damages; I don't see a termination in A. B says that in the month to month tenancy, either party can terminate the agreement by giving a written notice of intention to terminate at least 30 days prior to the date of termination. A doesn't state that.....and A needs to state that in case you go with A and the tenant decides midway that they want to leave without giving you notice. \n\nI would say A is a good way to go, but then B is also a good way to go too because it's a month to month lease. A is good because it is a year contract that if you get a lawyer to help you with the glitch I mentioned you would be fine. You don't have to worry about whether the tenant will leave next month or not because he or she will be there for the whole year and will be paying on time. Month to month tenancy is a little risky and should only be used with tenants who don't want to rent out for a year or more, but want to rent for a month or so until they can go somewhere else or whatever the situation might be. I say go with A and add that clause that either party can terminate and give notice prior to the date of termination.
760293
The tenant pays you to use your house.  It is his home while he pays your rent.  He can ruin it or improve it.  He can be a good neighbour or a bad one.  It should be a mutually respectful business deal.\nBut yes, get a contract and stick to it!
1120849
read your contract, since you are obviously renting the space where your home sits then there must be a contract you signed, and if it states that no additional people are permitted to live in the domicile then that is how it is, you can't just go against something you have signed. However, if it is not mentioned, then they have no right to do anything to you. It's time to do some reading.
909373
It all depends on your contract.  You have to read it very carefully.  For the time your rental contract charges the rental agreement should state exactly what the owners can or cannot do to rates and fees.  The contract is probably fairly long and difficult to read, so you will either need to talk to a lawyer or read it carefully.  \n\nOnce your contract expires, they can change the rate to almost anything they want in the next contract, and then you have the option of signing or not.\n\nThere are exceptions.  I believe New York has laws that freeze the rental rates unless you move.   So you should also check the local rental laws, which vary by state, county, and city.  The easiest thing would be to talk to a rental realtor in the area.  Only they will know most of the little details.  Your other option would be to go to a local law school and talk to the librarian to help you find the right laws.
172687
Whatever notice is specified in the lease.  If you have a lease that doesn't require you to leave upon his sale, it would be binding on the new owner.
694346
Check your lease terms. I am sure that your landlord and manager would understand. Don't forget to give a proper notice in advance.
1010490
Yes..Because by doing a lease purchase..You can have them pay you $3,000-$5,000 down..Plus rent I'm sure you'll be charging them a couple extra hundreds to what the mortgage payment is..Residual income. And you win again because they are paying down the amount you owe on the house.  And they're putting equity into your home. \n Once they have been in the house, paid on time..About a year or two. Depending how you structure the contract, give them time enough to build their credit. Again, you can structure the deal.. the contract by specifying they have 12-18 months to get their credit together..to get their own loan in their name..If not..start the process over. \n They've paid so much toward paying off your house..And you get so much extra cash..It's a good investment. If that's the way you chose to go.\nJust adding something else. To what the lawyer said..Even if they  get behind on payments or make late payment..It's still your responsibility as the owner (loan holder) to make sure they pay..If not, you are responsible for making sure they pay..To avoid foreclosure..After all, the house is still in your name. It's best you hold onto the down payment they pay you..In case they are late on paying the mortgage note or skip out on you. You'll have the money sat aside to make the payments until you find someone else to put in the house...\n\nYes you can do the lease purchase for investment or if the house has been on the market too long..
814820
1st make sure it ia alright to sublet it.\n2nd find someone who wants it aAND\n3rd make sure u have everything in writing and have it notarized and witnessed by at least 2 people and even more perferably by a lawyer .\nthis is so u don't get screwed if the person backs out on u. \ngood luck
167391
You are OK. A lease is an agreement and cannot be broken. You signed a contract and so did the owner.
173919
local law might protect the renter by invalidating the contract clause that is not reasonable. check with an attorney specializing in rental law.\n\nanother solution is that you might want to approach the seller of your home to help you to pay the remaining 5 month rent. include that in your purchase contract clearly though.
556882
You are legally bound to that contract.  Talk with your landlord.  They may keep your deposit as well as re-rent fees, etc and rent until they are able to rent it again.  Check your lease on penalties.  If they wanted to be a jerk, they could hold to to the full term of the lease.  Offer to help find a new tenant, pay to advertise it.  Work with them to get it re-rented and they will probably let you out of the contract.\nGood Luck.
968278
unless there is a clause in the contract then you can legally do it by any amount you want but you dont want to scare your tenants away or make it unaffordable for them to be there. \n\nI would recommend between 10-15% however talk to your tennents first and make sure that this is within their budget. \n\nHave a look at www.rightmove.co.uk at similar properties and their rental value at present also look in talking to letting agents and see what they would advise.\n\nIt is much easier to keep a nice tennent in the property so dont be too harsh. Once the increase is in place present them with the new agreement and advise that this is due to inflation etc and write them a personlised letter with a break down of your reaserch etc, this will mean they are less likely to run a mile!
203044
Get a land lords agreement/contract.  Make them fill out a back ground check.  Make them pay First and Last Months rent.
443570
Depending on the lease, they might or might not have legal right to be there.\n\n1. Does the lease have a sublet clause/assignment provision\n2. What are the local laws regarding point 1\n\nThe people even without a lease may be afforded tenancy though, even if they are a sublet.  It is generally not a requirement to have a lease for tenancies under 1 year.\n\nTheir tenancy would be 'month to month'.  You would have the right to change their rent or serve notice to vacate usually with 30 day notice, again depending on state and local laws.\n\nIf you like them, you'll be better off defining their tenancy on a lease.  This way, should push come to shove, you have a written agreement the court can refer to.
341777
What could she get if she were renting to someone else?  Business is business.  Most people have rental properties to make money.  A lease would protect you as well.  Perhaps someone has offered to pay her $1,900/month and sign a lease and she is offering you the deal first.  Sorry if this sounds harsh, but you are not a guest in your mother's home, you are a tenant.
588324
It's called a lease.  \n\nJust google "sample lease" or "rental agreement".  There are hundreds.\n\nIf the contract involves real estate or housing, the renter can be called the landlord, and the rentee can be called the tenant.\n\nIf you need blank forms, they are availbale at office supply stores like Staples, Office Depot, Office Max, etc.
99216
I asked this question myself when I hired a Property Management Co. to rent out a house of mine. I thought a lease would be best for me when renting my home out. I ended up renting month to month because the management Co. explained that although you have a signed lease the owner has to show do diligence in leasing/renting out the property if the tenant leaves early. They had said a judge would look for the owner to perform before any judgement againt the tenant for failure to meet conditions of lease.\n      I would recommned you discuss with whomever you signed the lease with (if you haven't) and see if you can end the terms amicably. Also, consult with a real estate attorney so you can be well versed in your rights if you can not solve this matter to the satisfaction of both parties.