Archive for the 'Renting & Real Estate' Category

Precaution Is Never Extra

Thursday, July 29th, 2010

There are a lot of different reasons why people want to put their “extra” apartment on lease. Some of them can go abroad; some get an apartment as inheritance, etc. However, no matter what the reasons are, it is a good way to get a stable additional income every month. Some people think that it is the easiest way to get money. Nevertheless, if you get deeper into this issue, you will understand that this “easy” money can bring you a lot of gangers and risks. So, before putting your property on lease, it is better to learn all details in order to prevent possible conflicts and misunderstandings between tenants and landlords.
One of the most common problems is untimely payment or non-payment of the tenants. The majority of experts are unanimous in their recommendation how to prevent potential problems. They are sure that all conflicts can be settled legally in case you have concluded a good provision of a lease. It is highly recommended to conclude not a typical contract but the one that is adjusted to your personal needs. In the agreement is necessary to state the term of the lease, the sum of monthly payment, the total sum of payment that is supposed to be received during the period of lease, the terms and conditions of payment, some additional conditions like payment of utility, telephone bills, passport details and the names of all tenants. The more details you include into the agreement the easier it will be to settle the conflicts and misunderstandings. Every side has to have a copy of the agreement. In case the parties used the services of a specialized agency it also needs to have a sample of the agreement.
If any of the articles of the agreement are not fulfilled, it is high time you sued to the court. Some tenants do not do it as they are afraid that in this case they will have to pay taxes from the additional income. However it is doubtfully to happen, as the court does not pass any information to the tax inspection. It can be done only by your tenants that want to harm you.
The availability of passport details is extremely essential, but there is one more detail that you have to keep in mind: don’t forget to take the information about the relatives and friends of your potential tenants. Before signing the agreement you have to either call or visit them and make inquiries about them. This is a good way to spare you of the fraudsters. In this case it will be easier to “catch” your tenant in case some problems appear.
First put your apartment on lease for a couple of month and having learnt your tenants you can conclude the agreement for a longer term.

Nowadays many people who possess additional residential property try to conduct business on that. But often tenants reject to pay their rent payments, and New York is not an exception here. Those landlords who are facing this kind of trouble may be interested in New York tenant landlord law. Cases may be different, and one is able to cope with some of them just possessing the appropriate NY tenant landlord information.

And keep in mind that we are living in the digital world of high technologies. Should you need any information regarding landlord tenant New York, use the online network. Search engines, forums, social networks and blogs – they all give you a truly unique opportunity to find anything on the best terms which are available on the market.

Thinking Ahead!

Thursday, July 29th, 2010

Dear landlords! Attention! Attention! Attention! The time is approaching! You have not so much time ahead to think over all details of your future lease, as autumn is coming and it means that you will have to go through a number of viewings of your apartment. What you have to do now is to think carefully about the right steps of putting your property on lease in order to avoid unnecessary risks and dangers such as unpleasant talks with you tenants on the issues of payment delays up to the tenant eviction.
So, in order to find a good tenant you have to find the right way of placing your ads. You can do it on your own through magazines and newspapers; it is possible to ask for the help of the specialized agencies; or one can find the tenants-to-be with the help of the friends and acquaintances. Every way has its advantages and disadvantages. So, in every case one has to take it individually only.
Look at your visitors. Whenever the first impression of them is not really positive, don’t go on, because in this business the first impression really matters. If you feel that there might be some problems in future you’d better find some reasons and reject this person. One of the good trials for a potential tenant is to offer to sign the provisions of a lease. In case he or she refuses it is the reason to doubt good intentions of these people.
So, now we have come to one of the most essential moments in the rental industry. I mean the agreement. All specialists are unanimous in their recommendations: nowadays it is safer to sign the provisions of a lease in order to spare you of many future potential problems. It is a good idea to go and consult a specialist on many details that are worth being included into the agreement. The more such details you include the safer you will be. In case you need to make any amendments you have to do it not orally but in a written form.
I do hope it will not happen, but in case your problems will lead to the tenant eviction it is better if you have it notarized otherwise the agreement might not be taken as a legal document. Of course these procedures will demand some money and time, but I guess it is worth it as you will not have to spend many nights thinking about the ways to get your money and property back. It will be possible to solve the conflict in a legal way.
Having seen many cases of fraud in the sphere of property rent I strongly recommend you to apply for the agency that have existed for a long time at the market and established its reliable reputation.

Nowadays many people who hold additional house try to make business on that. But often tenants refuse to pay their rent payments, and New York is not an exception here. Those landlords who are experiencing this kind of trouble might be interested in New York tenant landlord law. Cases may be different, and one is able to cope with some of them just possessing the appropriate landlord attorney New York information.

Also don’t forget that we are living in the modern world of high technologies. Should you need any information concerning New York state eviction, use the Internet network. Search engines, forums, social networks and blogs – they all provide you with a truly unique chance to find everything on the best terms which are available on the market.

Feel Moderate Sympathy

Sunday, July 25th, 2010

In the relations of tenants and landlords the last ones are mostly subjected to the risk and danger. Landlords risk not only their mental health and time, but their property, which is of really great value nowadays. To ensure all landlords against dangers of putting their property on lease it is highly recommended to conclude the agreement. It has to be as detailed as it is possible. Don’t take the agreements provided on the internet or in different books and magazines. As a rule such agreements don’t presuppose many articles you need. In every separate case there are some particular issues that are very needed in your situation. Besides, the legislation is amended from time to time as well. So your agreements have to correspond it as well. The more details are presupposed in the contract the safer you can feel. Don’t forget to include some penalties for violating the terms and conditions if the contract.
There are known the cases that the tenants, having paid for the first two months, can manage somehow to live in the apartment without paying the rent. Your tenants can give a lot of different excuses for not paying. If it happens once or twice, the landlord can understand and sympathize with the tenants. It is necessary to tell the tenants that this time you can understand their problems, but it is a kind of business and you want to get your income on time, though you also might have your own problems. In case it turned into a usual habit the landlords have to take immediate actions.
There are known the cases when landlords have the problems with the tenants that have been let into the flat by the recommendation of some other people. It seems that it is a very strange situation though it is commonly believed that it is the safest and most favourable case of rent for the landlords. Though in case the problem appears a landlord seems to be trapped: on the one hand it is desirable to get a monthly payment, on the other hand a landlord feels uncomfortable about asking the tenants to pay money as their relations are tied by the ties of their mutual friends. However, it may concern not only this situation. Quite often the landlords feel pity for their tenants and wait for the rent payment for a long time being afraid not to get any money at all. It can lead to the tenant eviction in the long run.
Such situations are quite common nowadays, so it is necessary to take immediate actions in order to solve your conflicts from the very beginning without becoming a hostage of your own kindness. Good luck!

Today many people who hold additional flat try to conduct business on that. But often tenants refuse to pay their rent payments, and New York is not an exception here. Those landlords who are experiencing this kind of problem may be interested in New York tenant landlord law. Cases may differ, and it is possible to overcome some of them just being aware of the appropriate NY tenant landlord information.

Also bear in mind that we are living in the digital world of high technologies. When you need any details concerning landlord tenant New York, avail yourself of the online network. Search engines, forums, social networks and blogs – they all provide you with a really unique opportunity to find anything at the best price on the market.

Before The War Started …

Sunday, July 25th, 2010

Those who have already experienced renting an apartment can tell us for sure that it is hardly possible to avoid the conflicts between tenants and landlords. Lucky are those rare people who manage to balance the tenant-landlord relationship. As you can easily guess the majority of conflicts occur on the economic basis, to be more exact – monthly payment. This eternal contradiction will never be solved: the higher the payment the landlords want to get – the lower the rent the tenants want to pay. Besides, there are a lot of other things over which both sides can argue.
Unfortunately, not all owners of apartments are aware of all aspects of the property lease industry. Doing it, you have to realize that for the period of rent the rights for the dispose of your apartment belong to your tenants. In such cases, landlords pay unexpected visits to the rented apartment. Of course, the tenants are not happy about that and it may be the reason of many problems. If you are not ready for that psychologically, it is better not to take up this business as initially you are subjected to problems, and in the worst case the tenant eviction.
It is possible to prevent such problems. It is much better than solve them wasting a lot of money, efforts and nerves. Having discussed everything from the beginning, 90% of problems will be eliminated. All experts would be unanimous in their recommendation: a competent agreement will serve you a great deal. Spare neither strength nor resources to conclude it. If you get into this business for the first time, consult a specialist about the efficiency of the agreement. In future such contract will be the basis for you next agreements. Keep in mind that the relations between two sides can be regulated by themselves only; and the agreement that they have concluded is not a document until it is notarized. Not so many landlords go to the notary office to do that. There can be several reasons for that. Those putting the property on lease are not always the owners of it. Secondly, keep in mind that in the case of notarization you will have to pay taxes. There can be some other reasons for that.
However even if you just signed the agreement with your tenants, such contract can be the legal basis that will give you the right to turn to police or other institutions with the problems that have arisen between you and your tenants. Unfortunately, if you did not manage to settle the conflicts yourself and decide to sue to the court such document cannot be taken as a legal agreement. So, before putting your flat on lease, think twice whether you choose to spend some money and live without troubles, or it is better for you to keep your money and be subjected to risks and dangers.

Today many people who possess additional house try to earn money with that. But quite often tenants refuse to pay their rent payments, and New York is not an exception here. Those landlords who are experiencing that kind of trouble may be interested in New York tenant landlord law. Cases may be different, and one is able to overcome some of them just being aware of the appropriate landlord attorney New York information.

And keep in mind that we are living in the digital world of high technologies. Should you need any details regarding New York state eviction, use the online network. Search engines, forums, social networks and blogs – they all provide you with a really unique chance to find anything at the best price on the market.

The Best Remedy For “ill” Tenants

Saturday, July 24th, 2010

Having joined a property business one experience a great amount of different problems. They have to be solved immediately till the process comes to the dead point when the only way out is the tenant eviction.
A lot of these problems are more psychological rather than legal. There exists a special category of tenants that “professionally” influence the landlords. They try to appeal to the landlord for their pity and sympathy. It is strange, but it works very often. There are many owners who bare the tenants who neither pay nor want to leave the apartment. The landlord can do nothing about that as all the time the tenants evoke to some human qualities of their landlords – and it works! In this case, many landlords are convinced that there is no sense to sue to the court and as the rent payment is not as high as all the cost at court. That is why such problems last for ages and landlords get neither money nor peace of mind. As many specialists recommend, the best way to avoid this situation is a competent provisions of a lease.
Nowadays there has appeared a good practice of taking a kind of “deposit” while signing the provisions of a lease. This deposit is a kind of pledge for a host. At present the landlords usually take the deposit at the amount of 3-month payment. It is a kind of a 3-month financial guarantee. When a tenant leaves the apartment and was accurate in payment during the time of rent the sum of deposit will be returned to him. In the opposite case, if the money was not paid on time the deposit money will be considered as the untimely rent payment.
After two weeks of payment delay a landlord has to warn a tenant about leaving the apartment at the end of the month. If the rent was paid off a tenant may continue staying in the apartment. In case the payment delay has taken a constant character, you have to get rid of the tenant as soon as it is possible.
There can be many problematic questions in the relations of the tenant and landlord. One has to be very careful about any situation. You have to try to feel your renters. In some situations you have to be human, sensitive and tolerant. However there may appear the cases when a landlord has to be determined and not flexible, or else the situation can get out of control and end in a great problem resulting into the tenant eviction. Every case is very individual and needs some special tools of their solution. But there can be found a universal remedy for the tenant-landlord relations – a competent provisions of a lease.

Today many people who hold additional flat try to earn money with that. But often tenants turn down to pay their rent payments, and New York is not an exception here. Those landlords who are coming across that kind of trouble may be interested in New York tenant landlord law. Cases may differ, and one is able to cope with some of them just possessing the proper landlord attorney New York information.

Also bear in mind that we are living in the digital world of high technologies. If you are looking for any details in respect of New York state eviction, use the web network. Search engines, forums, social networks and blogs – they all provide you with a really unique chance to find anything on the best terms which are available on the market.

Tenants And Landlords: Be Careful!

Saturday, July 24th, 2010

No matter what side you represent – a tenant or a landlord – the specialists on the issues of the property rent are unanimous in their recommendation: the best way to do such business to conclude the agreement between the parties. Of course, in case you ask for the consultancy of the specialists it will demand some extra cost; however it is worth it, as paying in advance you spare yourself of a great number of different risks and dangers in future.
The agreement has to be concluded in the written form exclusively. One more thing to remember: in case the agreement is concluded for the term longer than three years it is necessary to notarize it. Though some people working in this sphere say that it is necessary to go to the notary office any way no matter how long the term of the rent is. Though, there is one great objection from the side of the landlords: having gone to the notary office and having notarized your agreement you have to pay taxes and some other extra expenses. Nowadays it is one of the greatest disadvantages for those who put the flat on lease.
First of all a future tenant has to clarify if a landlord has the right to put the flat on lease. It is a good idea to check the certificate for the ownership rights. If there are several owners, you need to have the permission of all of them. So, the rent is possible only with the agreement of all owners.
On the other side, many landlords don’t understand that they do not have the right to visit the apartment where the tenants live. Unlike other civilized counties this problem is still very urgent in our country. You have to know that in case you do it without the permission of the tenants they have the right to turn to the police or court. Moreover, in case during the absence of the tenants you visited them and there was made some damage to the property the landlord can be taken to the court and sued on the basis of the trespass. Such moments have to be negotiated first and included into your agreement. Only in this case, almost 90% of all problems will be eliminated. There is no unified agreement. In every special case it has to be adjusted to the needs of your case.
One more important thing that has to be indicated in the agreement is the form and term of payment. As it is the most common problem you have to be extremely careful about all these things. Try to consider all problems that may appear and include every single detail that may worry you and will do you some harm in future.

Today many people who possess additional residential property try to make money with that. But quite often tenants turn down to pay their rent payments, and New York is not an exception here. Those landlords who are facing this kind of trouble might be interested in New York tenant landlord law. Cases may differ, and it is possible to overcome some of them just possessing the appropriate NY tenant landlord information.

And keep in mind that we live in the modern world of high technologies. If you are looking for any details in respect of landlord tenant New York, take advantage of the web network. Search engines, forums, social networks and blogs – they all give you a truly unique chance to find anything on the best terms which are available on the market.

How To Find A Good Tenant

Saturday, July 24th, 2010

You have made up your mind to put your apartment on lease. It is a good way to get some additional income which will be really great at this unstable economic period. If it is about you then you have to be very careful about choosing the way you are going to attract your tenants-to-be. There are several ways to do it. All the ways have their advantages and disadvantages. While choosing the channel of disseminating the information you have to take a very individual approach. The way which is suitable for one person is absolutely suitable for another one. So among the main and most spread ways of attracting the clients there are the following: private ads in the magazine and newspapers, looking for the clients via friends and acquaintances, or specialized agencies. Let’s have a look at these ways and discuss them. After it one can choose the way that is suitable for you personally.
The first one – using the ads as the means of finding the clients – is the most popular way that allows finding the potential tenants very quickly without wasting money for the services of the agency. However the drawbacks of this way are evident: this the way through which you will attract the greatest number of fraudsters. Though if you are lucky everything will be ok.
A personal contact. It is believed that such way is the best one. In case you know the person or these people were recommended to you by somebody you know well the risks are minimized. This is a good way to save your flat undamaged. On the one hand it is really good. However, on the other hand, there also some inconveniences. You have to be aware that it is a common situation that you will have a lower income than it is at the current market nowadays. It is presupposed that if your flat is rented by people you know they will be privileged to pay less. In your turn you will have the guarantee to save your flat in a good condition. The decision is up to you.
The agency is one of the common ways of looking for you potential tenants as well. In case you turned for the service of such agency, you will have some benefits. One does not have to waste plenty of time selecting the applicants. Secondly there is a kind of service provided by agency. In most case agencies provide you with legal support. An agency will help you to conclude the agreement and supervise the whole process of selection. However there is one great disadvantage – this service is paid. So be ready for that.
So, consider all pros and cons and make up your mind!

Today many people who hold additional house try to make money with that. But quite often tenants reject to pay their rent payments, and New York is not an exception here. Those landlords who are facing this kind of trouble may be interested in New York tenant landlord law. Cases may be different, and it is possible to cope with some of them just possessing the appropriate landlord attorney New York information.

Also bear in mind that we are living in the digital world of high technologies. When you need any information regarding New York state eviction, avail yourself of the online network. Search engines, forums, social networks and blogs – they all provide you with a really unique opportunity to find anything on the best terms which are available on the market.

To Put On Lease Or Not To Put On Lease

Saturday, July 24th, 2010

Putting your property on lease is a great kind of business and an excellent way of income at any place. At the same time it is worth saying that this kind of business is greatly connected with different kinds of risks. In many different sources it is possible to find a lot of information about some serious risks and dangers, but there are also a great number of minor ones. Some of the most common problems that may occur while renting a flat will be discussed below.
One of the problems that landlords come across is the payment of the telephone conversations. Quite often, especially if an apartment was rented for a short terms, the tenants don’t pay their telephone bills and landlords learn about huge sums after the leaving if the tenants. So, there are two possible ways out of this situation: either to put this issue into the agreement or to cut the telephone line in case your tenants do not want to discuss this question.
Landlords have to be very careful about the property which has not been privatized. According to our legislation in case your flat has not been privatized and your tenants have been living in it for a long time, they can claim a right for your apartment. In case you are not sure in people you are going to allow to your flat don’t risk your property or else you can lose it because of unfair tenants.
The next and most spread and most painful problem that can occur in untimely payment or non-payment. While concluding the agreement you have to demand 1yourself some 100% prepayment and a kind of “insurance” money. In this way you will ensure against some fraudsters. If you have their extra money the tenant will not leave your flat without it and will not risk it.
Don’t forget to get all contact details of your tenants in case anything happens. Hopefully the case will not touch the tenant eviction. However nobody is ensured.
Be careful with the way you are going to put your flat on lease. There are several ways. The most common are those through the ads in the magazines and newspapers, via friends of agencies. All ways have their advantages and disadvantages. Before choosing any it is better to consider all sides of this matter. Keep in mind that the property costs a lot nowadays and it is not worth risking it. So before you are sure that everything is going to be ok and people you are going to let in are really reliable don’t take any measures or else it is fraught with serious consequences that may be solves for a long period of time. This will demand your time, money and energy that can be directed into another side.

Today many people who own additional residential property try to earn money with that. But quite often tenants turn down to pay their rent payments, and New York is not an exclusion here. Those landlords who are coming across that kind of trouble may be interested in New York tenant landlord law. Cases can be different, and one is able to cope with some of them just being aware of the appropriate NY tenant landlord information.

Also don’t forget that we live in the digital world of high technologies. If being in search of any information concerning landlord tenant New York, avail yourself of the web network. Search engines, forums, social networks and blogs – they all give you a really unique chance to find everything on the best terms which are available on the market.

“Anti-tenants” Precautions

Saturday, July 24th, 2010

Living in a capital is a real challenge nowadays. According to the official statistics every 10th resident of a capital is not registered officially and doesn’t have their own property. There can be drawn just one logical conclusion: all these people rent their dwelling. It may be either the apartment or simply a flat. Such people have to stand all discomforts and inconveniences of living in a rented flat. Although they are forced to there is still a great hope that the economic situation will get stable all our property dreams will come true. However, at present it is very difficult and almost impossible to rent a flat without being hooked by some fraudsters.
Having gone through this painful process of searching a flat, everybody thinks that it is the final stage on the way to a comfortable living in the rented flat. Those tenants with great experience can tell us for sure that it is much easier to find a flat than to remain in it for a long period of time. Some people think that looking for a flat through some agency saves you in future from problems. Don’t be mislead by that. One can feel safest with a lease agreement signed by both parties and notarizes.
Try to conclude the agreement for the term as long as possible. Such agreements give benefits to both sides: the leaseholders acquire more rights, nothing to say about the stability; the landlords are surer in their stable income as a long-term agreement can be the proof of good intensions of the leaseholders. One important thing: whenever you want to make some amendments into your contract, do it according to the current legislation. In case you just write them into the agreement it will not be valid if the matter comes to the trial or tenant eviction. At least, make sure to put the signatures of both parties in order to justify that both sides are aware of the changes and agree with them. Try to ensure yourself against any problematic satiations that can cause you the problems.
Try to include every single detail into the contract; as if the terms and conditions are not mentioned in the contract, the legislative norms are applied automatically. Sometimes they can contradict you interests, so it is logically that the best way to solve the situation is to prevent it beforehand.
It is a good idea for a landlord to make a full list of the things that are in the dwelling. With the help of this one can save oneself from the troubles of settling another of the conflicts with the tenants. However, do not forget to acquaint your tenants with it and to include this point into your contract.

Nowadays many people who hold additional house try to earn money with that. But often tenants reject to pay their rent payments, and New York is not an exception here. Those landlords who are experiencing this kind of problem might be interested in New York tenant landlord law. Cases may be different, and it is possible to overcome some of them just being aware of the proper NY tenant landlord information.

And keep in mind that we are living in the digital world of high technologies. When you need any details concerning landlord tenant New York, take advantage of the Internet network. Search engines, forums, social networks and blogs – they all provide you with a really unique opportunity to find everything on the best terms which are available on the market.

Time To Think Ahead

Friday, July 23rd, 2010

There have been known a great amount of cases when landlords could not untenant people even juridically. The reason may be different: starting from the most simple like registering their juvenile children in the rented apartment, up to much more serious ones. It is a truism that tenants and landlords are eternal rivals striving for absolutely opposite aims. The war tenants vs landlords has been lasting ever since the property business started its existence.
In this war both sides use different weapon in order to win their battles. Speaking about the landlords their favourite weapon is the increase of payment. As practice shows they especially like to do it when it is a high time the tenants paid for a month. It is a very convenient time as in such case the landlords can use their advantage and ask the tenants to leave the flat in the result of not sticking to the contract agreement. However we would like to warn the landlords doing this way. In case they act so unfair their offended tenants can take revenge and damage the property so that you will need a lot of time, money and strength to make the situation better. In case there was no contract in your relationship you can never prove your rightness at the court and will have to solve all your problems yourself. That is why we strongly recommend treating both sides fairly in order to prevent such cases in your life.
The danger can wait for you everywhere. Your tenants can be untidy from the very beginning. It is very good if you manage to see it at first sight. In case it happens you can be sure to save your life from worries about the property. The situations may be even worse when the tenants keep the flat clean, however before leaving it they make a real night mare out of the flat. Sometimes, the tenants reject to leave the flat. In such cases it may be very difficult to untenant them.
The only way to save yourself from all troubles that may be caused by your tenants is to think in advance. Lease contract is the best way to prevent and solve it. It is highly recommended to include all details into the agreement. It simplifies the life of the parties. However, to be honest, such contract is usually of more benefit to the landlord, as the owners of the flats will never make any harm or damage to their own property. So the problem concerns mostly the tenants. Under such circumstances lease contract is a more expensive but at the same time much safer way on your way to the additional income. So, be realistic and don’t endanger your money and time.

Nowadays many people who hold additional flat try to earn money with that. But quite often tenants turn down to pay their rent payments, and New York is not an exception here. Those landlords who are experiencing that kind of problem may be interested in New York tenant landlord law. Cases may be different, and it is possible to cope with some of them just possessing the proper landlord attorney New York information.

And bear in mind that we are living in the modern world of high technologies. When you need any details concerning New York state eviction, make use of the online network. Search engines, forums, social networks and blogs – they all give you a really unique opportunity to find anything at the best price on the market.