The Benefits of a Lease Purchase Agreement
In the current state of the economy, many people with less than perfect credit can find it difficult to obtain financing for the purchase of a new home due to much stricter lending requirements. Economic...
The Value of Leasing
Why Buyers Are Looking for Alternatives More and more people have turned to leasing rather than purchasing homes because of the uncertainty associated with the housing market. Even though interest rates are at historical lows, the ability to...
How to Respond to an Eviction Notice
The Use of a Notice to Quit in the Eviction Process When a landlord begins eviction proceedings, a notice to quit is the first step in the legal process. For individuals who receive a notice to quit, it can be an emotional and worrisome time...
How to Avoid Problem Tenants
The single most important element of property management is the ability to select the right tenant to rent or lease a property. Depending on whether the property owner outsources that task of selecting tenants to a...
Leasing and Your Landlord
Legal Relationship The law governing the relationship between landlords and tenants can be quite complicated, even more so depending on the area of the country you live in. Each state has specific laws that govern the rights and duties of...
How to Avoid Scams in Rent-to-Own Leases
Rent-to-own lease agreements are a great option for homeowners and potential homebuyers alike. However, there are some pitfalls and dangers that potential homebuyers thinking about signing these contracts need to look out for. Most Don’t End...
Letters of Intent to Terminate a Lease
Leasing a property guarantees a tenant the right to occupy the premises for a specific amount of monthly rent and for a specific amount of time, which is usually a 12-month period. While a lease agreement grants specific rights to the tenant...
Selling a House That Is Leased
Selling a home is never an easy process. There is a great deal of stress involved, and depending upon the current market in the area, some homes for sale can sit empty for several months waiting for a prospective buyer. Many homeowners cannot...
Lease Agreement vs. Rental Agreement
A lease agreement or a rental agreement is a vital legal document that should be completed prior to a landlord renting property to a tenant. While both agreements are similar in nature, they are not the same and it is important to understand...