It depends if you signed a contract agreeing to this. You can always ask a local attorney for a free first meeting to get some direction. My oppinion which is not law is that if my tenant returrns teh home with clean carpets that were done correctly i dont care who did it. If it is not done right than i can charge them damages or cleaning fees.Good luck working things out... more
Louisville Metropolitan Housing Authority
The Louisville Metro Housing Authority's (LMHA) MTW goals involve increasing resident self-sufficiency, achieving a greater income mix at LMHA properties, improving the quality of the assisted housing stock, expediting access to assisted housing, reducing administrative and operational costs, enhancing program effectiveness and providing services for under-served special needs populations.
LMHA currently administers approximately 5,300 public housing units and 9,500 Housing Choice Voucher units.
More info at: http://www.lmha1.org... more
Good afternoon Hope,
Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.
The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.
The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.
It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.
Saving money for a down payment? Well, heck, you can do that on your own.
If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.
With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.
Find a way to save up on your own; not with Rent To Own.
Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.
*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!... more
it's a scam. run, don't walk, in the opposite direction. Whenever they want you to Western Union money to a landlord you haven't me, for a house that you haven't been inside of.... it's a scam.... more
Renters today are at increased risk of fraudulent activity. This post will assist renters identify the red flags that suggest advertisement, owner or property manager is a scam. Methods to protect yourself
Many of the landlords I have dealt with aren't just looking at the credit score, but they are looking at the history and the debt "load" in the report. While the income is consistent and the renting history are good, the landlord may be hesitant to take on a tenant who spends a large majority of their income on their bills/debts/collections/etc. They are also checking to see when/if there have been missed payments. They are wanting to make sure whatever tenant they choose will be able to make the rent payment regularly and on time.... more
There are rentals available in the area. There are real estate companies that serve as property managers for rentals, there are classified listings in the local papers (News-Enterprise, Meade County Messenger), if you are military there is the Army Housing Referral Network, all are resources for finding a rental while you are in the area. If you would like additional information, feel free to give me a call 270-668-4522.... more
Have you spoken to the Rental Agent? Landlord? Owner? This is the first place to start, as you can ask many questions & get a feel for their knowledge of the property. Go further by looking up the property field card which shows the current property owner or by calling the local town hall to double check the correct owner before sending ANY money.
The Marie Souza Team - Top Selling on Cape Cod
Cape Cod Real Estate Services
Well, a landlord should not ever rent without doing a credit check etc.
You may be better off in asking if there are any landlords in this area who will work with someone who has "some" bad credit. Be prepared to explain it and show how you will be able to make rent. Maybe prepay some rent.
For tenant credit checks refer to the website.... more
Marie -- It depends on the terms of your lease. Usually, in a month-to-month scenario, the tenant or landlord has to give the other 30 days notice of their intent to end the lease. I don't know how long ago your landlord gave you notice, but if your lease requires 30 days and it's been less than that, you may very well have the right to stay in the house until the 30 days is up.
Good luck to you.... more