Most popular

What should I know about taking over a lease?

What should I know about taking over a lease?

You inherit the monthly payment as-is. When you take over a lease, you don’t get to renegotiate its terms.

  • Mileage could be very limited.
  • Wear and tear could wear out your wallet.
  • You may be hit with taxes.
  • You might pay even more fees.
  • Can a roommate help you sign a lease?

    Signing a lease means putting yourself down as the person responsible for paying the rent on the apartment and following the rules spelled out in the lease. However, most leases allow you to bring roommates into the mix, whether they are friends to help you with the rent or your significant other finally moving in with you.

    Can you bring another person into your apartment?

    Most lease agreements allow you to bring another person into the apartment, such as a companion or family member, as long as you notify the landlord about the new person. The problem comes in if …

    Can a landlord ask a tenant to leave?

    This means you can’t just ask him to leave. He has the right to stay, as long as he’s living up to whatever verbal agreement he made with you about paying rent and other responsibilities, or be filed with formal eviction paperwork. There’s one potential problem when you try to evict him.

    Can a friend stay in your apartment for weeks?

    Friends and family go through tough times, a budding relationship gets serious, or a short visit becomes a weeks-long hangout. Empathy should never go out the window, however, as a landlord you should know that it’s in your best interest to have every adult living in your rental property on the lease.

    Can a person live in an apartment without being on the lease?

    But normally the lease specifies that only people listed in the lease may live in the apartment, so the person on the lease agreement may get in trouble because of an unauthorized tenant. Not all apartment buildings look at the credit reports. Those who do, usually would be satisfied with a high credit score.

    What to do if neither of you wants to stay in an apartment?

    If neither of you wants to stay see if subletting is an option. Some properties allow it while others have zero tolerance for subletting. If you both want to stay the person who was living their first should get to keep the apartment.

    When to add a long term guest to your lease?

    A tenant screening process is a no-brainer for any landlord, but it’s especially important if you’re moving to add an extra tenant that’s already been residing in your unit. If you’re thinking about adding a long-term guest to your lease agreement, make sure they undergo the same process as any other potential tenant would.