Rental properties demands remains very solid with rent's rising 5.6 percent nationally year over year. With rental market booming is almost expected to get an increase in your rental every year. What you should find out if that increase of a 3 percent is legal in the area that you are renting out the condominium.
There are many nice areas in St. Pete. But knowing more about your needs would help to narrow down what you are looking for. Private School? Public School? Price range? Size needed to rent? Renting a house, condo, townhome? Do you need to be close to the interstate, beach, downtown. These answers would be helpful in finding the right place for you. You can give our office a call and speak to Clay Longstreth, (727) 643-6466, Property Manager. He might have a rental that interests you. Later, if you decide to purchase a property Jim Longstreth or I could help you with that process.
Tara May Webster Realtor
Your Neighborhood Realty Inc
Mobile 727-542-4219... more
Read the Lease. If you do not understand any part of the lease, take it to an attorney competent in the field of real estate. DO OT ASK THE LANDLORD OR LANDLORD"S AGENT TO INTERPRET IT FOR YOU! Once you sign the lease, you have to live with it. It is becoming more common to find a repair clause in leases making the tenant responsible for any repairs under $200.00. Always ask that that clause be stricken. State your reason as that you have never lived in the home and so not know the condition or repair history of the appliances or systems. The landlord may not remove the clause, but it is worth the potential cost savings to ask.... more
I believe that should be OK, but you'll want to run that past an attorney.
However, what's the point in escrowing your rent? You'd still end up owing the seller that back rent while he owned the property. At this point, you might want to consider working with the owner and/or lender to cancel your lease. Another option is to buy the property maybe even via a lease-option.... more