Lease agreements provide tenants the stability of leasing for a fixed term at a fixed cost. But a lease quickly becomes a burden if a tenant wants or desires to move out until the lease is up, or starts having problems keeping up with the rent. Sometimes the landlord will agree with an early lease termination, but, if not, the next best option is to rent the apartment to another party that will serve out the rest. When a tenant…
In California, homeowners associations, or HOAs, are regulated by bylaws, which establish the method by which the institution will be conducted, and with a declaration of covenants, conditions and limitations. The declaration of covenants, conditions and limitations outlines the rules of this institution, which operates as a company. Both sets of files are often drawn up by lawyers during the beginning phases of development preparation. In this time period, the Department of Real Estate at California manages developments with HOAs…
Most metropolitan areas have established practices and policies which all property owners need to follow when dealing with renters, particularly in regards to issues like late payment of rents. If this problem arises, it pays to consult with the terms of the lease you signed with the tenant, and to neighborhood landlord-tenant codes, then deal with the tenant in a constructive manner understanding what legal remedies are supporting you. Don’t Get Angry If a tenant is late with a rent…
Before selling a house or other property, figure out if the house has a lien put on it. A lien is a valid claim against a property used to secure a debt. Promoting the house does not necessarily remove the lien. Therefore a lien may interfere with the sale, decreasing the proceeds for the vendor or delaying completion of this trade. Fortunately, lien listings are a matter of public record, which makes it simple to determine if there's a lien…