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Rental Basics : Nationwide Real Estate Advice

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Activity 3,017
Fri Apr 26, 2013
Keith Jean-Pierre answered:
Normal wear and tear is the liability of the landlord, but anything outside of "normal" is tenant responsibility. As for what is "normal", that is open to interpretation, but common sense should be used here. ... more
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Mon Apr 15, 2013
John Bourassa answered:
Inspections are very important upon purchasing a property and I highly recommend that every prospective buyer has an inspection done on their selective property. Although many properties are sold "AS-IS" With A Right To Inspect, meaning that a seller is selling his/her property "AS-IS" in the condition it is in and declares that he/she has priced the property accordingly and will not make any repairs to satisfy a buyer's purchase. However, at least, in the State of Florida (check with your state laws), buyers have a right to inspect any properties whether a property is sold "AS-IS", or not, and buyers may walk away from of a contract if they do not like the results or their inspections (extensive work needed and cost for repairs). .

The time limit for inspections vary from contract to contract. Most contracts have a standard general provision (clause) addressing inspections plus they have addendum and riders for specific inspections (Lead Based Paint, Mold, Chinese Dry-Wall, etc.). Standard contract clauses for general inspections usually have 10 or 15 days default periods for inspections but they also have a blank line to manually add another time period if needed (shorter or longer). Make sure that your inspection periods are consistent with each other: i.e. In addition to the general inspection, if a buyer decides to have a mold inspection, mold inspections are timely because they need to be sent out to labs and after results, it could be necessary to conduct more tests and what not. So, you may want to allow more time for this inspection. Otherwise, If buyers let it be within the same time-frame as the general inspection, they may lose their edge to walk away from their contract on technicality of time and be forced to go through with the sale.

I highly recommend to any buyers to do their homework before they are ready to purchase properties. Call professional inspectors, ask questions about what is involved with specific inspections along with potential costs and time involved. This way buyers will have a better idea of time; then, when ready to write a contract, discuss proper time-frame with your Realtor-Agent.

Even if buyers are looking for fixer-uppers and think "What's the use of an inspection. I'm gonna renovate the house entirely." Inspections are money well spent -- especially on a house -- to make sure the house has good bones, good foundation, condition of plumbing and electrical wiring, a solid roof and that its wood is not decayed by dry-rot or other wood damage (termites, for instance). This way buyers know the whole condition of the property. Sometimes, fixer-uppers can be a money-pit.

DISCLOSURE: I AM NOT AN ATTORNEY NOR A PROFESSIONAL INSPECTOR -- DO NOT TAKE MY STATEMENT FOR GRANTED -- ALWAYS CHECK WITH YOUR REALTOR-AGENT, OR A LICENSED PROFESSIONAL PROPERTY INSPECTOR, OR WITH AN ATTORNEY OR WITH ANY OTHER RELATED PROFESSIONALS CONCERNING ANY INSPECTION CLAUSES OR RIDERS TO UNDERSTAND CLEARLY WHAT IS INVOLVED AND TO ENSURE THAT YOU CAN AND WILL GET YOUR MONEY BACK IF YOU WANT OUT OF A CONTRACT AS RESULT OF NEGATIVE INSPECTIONS.
... more
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Wed Apr 10, 2013
Keith Jean-Pierre answered:
No, but it is advised as it cuts out any possible erros or pointing of the finger.
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Wed Apr 10, 2013
Keith Jean-Pierre answered:
Depends. Sometimes you get lucky and the landlord pays the fee, but the more north you go, the more is required of you. Typically in Northern NJ, you are responsible for either 1/2 month or the full month commission for a one year lease. ... more
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Tue Apr 16, 2013
Alison Hillman answered:
Hey there-

I would recommend working with a local agent: http://www.trulia.com/voices/directory/Newport_News-agent--27100


Ali, Community Manager
0 votes 1 answer Share Flag
Tue Apr 16, 2013
Alison Hillman answered:
Hey there-

I would recommend looking at the listings available on Trulia: http://www.trulia.com/for_rent/Fall_River,MA/SINGLE-FAMILY_HOME_type/x_map/

Ali, Community Manager
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Sat Apr 13, 2013
Tarus Rhinehart answered:
Hi. If you are looking for a rent to own home or lease option, I may be able to help you find some suitable options. Call me at 252-886-1102 or email me at tlrhinehart@gmail.com if you would like more information. Thanks. ... more
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Tue Apr 9, 2013
Nicole Nicholson answered:
Fri Apr 12, 2013
John Souerbry answered:
California Civil Code 1950.5 guarantees your right to request a pre-inspection prior to move out, regardless of what the lease says.
The landlord has 21 days to return your deposit, either the complete deposit or the deposit minus charges for repairs (must have written estimates or receipts to support amount subtracted). If the landlord fails to do so within 21 days, they no longer have the right to subtract any amount and must return the complete deposit. Getting them to do so is another matter, you should consult with an attorney if the landlord fails to allow an inspection or return your deposit properly. ... more
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Sun Apr 7, 2013
Justin Nixon asked:
Sun Apr 7, 2013
Michael Cheng answered:
It's not necessary. You just need to have one party with great credit accept responsibility on the lease.
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Sat Apr 5, 2014
Geoff Ommen answered:
Kevin
Give me a call or send me a note letting me know what you are looking for. I am sorry other agents are not being responsive.

Geoff Ommen
Broker Baird Warner
847-271-2622
geoff.ommen@bairdwarner.com ... more
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Sat Apr 6, 2013
Shaun asked:
Sat Apr 6, 2013
Shaun asked:
Wed Apr 17, 2013
Neha Jaggi answered:
You could go through a rental management company. If you would like more information, email me at nehajaggi@themathercompany.com and I can explain the process to you!
0 votes 1 answer Share Flag
Thu Apr 11, 2013
Shelly Koehler answered:
Each property or landlord has their own criteria. You would just want to ask that question prior to paying any application fees to be sure it wouldn't be an automatic denial. Everything is relevant and will probably depend on time since, re-establishment etc. but again, up to the owner of the property. ... more
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Fri Apr 5, 2013
Caroline Harabedian answered:
That should be acceptable as long as the landlord is okay with it (it's not bizarre).

__________________________
Sincerely,
Caroline Harabedian
Realtor
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
www.HomesByCaroline.net
caroline.wcli@gmail.com
... more
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Mon Apr 8, 2013
Gail Gladstone answered:
This process is a little off. Leaving a deposit to hold the apartment is fine, but make sure you receive a receipt for the money that indicates it is for the apartment.

You have a right to see the lease in advance and have an attorney look it over for you.

A broker is not entitled to the broker fee until leases are signed by both parties.
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Fri Apr 5, 2013
Rafael Hernandez answered:
Most of parking in Mission Hill is usually by permit and depending on exact location you may opt to renting an off street parking so you are not circling around at night or during a snow emergency looking for parking. ... more
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Thu Apr 4, 2013
Robin Lorentz answered:
The Bank who has taken possession of the property has to honor your lease that is in effect until the end of the lease date. They will hire an Assest Management company or Broker to manage the property and collect the rent until the said lease has reached its end date. They may contact you and also offer you what is typically called "cash for key's" to evacuate the property sooner, but you do as a renter with an enforceable lease have the right to stay into the property. ... more
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