For rough numbers...
Sam Bought house in 1995 for 150,000.
Sam Married Joan in 2000. Value of house at that time is $175,000.
They both lived in house a few years until buying another and renting this one. Not sure this matters.
Current value of house is $450,000. Sam wants to keep it.
Current...
We live in Illinois. We booked a vacation rental property on Captiva Island, Florida, for Mar 28-Apr 4, 2020. The rental was facilitated VRBO; actual booking was with Dream Vacation Rentals (DVR). We cancelled due to Covid. The Illinois governor issued a "no leisure travel" order on March 20...
I've lost 3 potential buyers for my apartment building that has 7 apts. During the COVID-19 pandemic doesn't seem like a good time to sell.It seems hard for buyers to get the financing they need. I has also taken 2 1/2 months to get over the virus. I'm 72 but I hung in there. I found out...
My rental contract states the following:
"If the non- renewal notice is less than 2 months ,the lease shall be automatically renewed OR the tenant shall pay a penalty equivalent to 2 months rent CALCULATED FROM THE NOTICE DATE UPON APPROVAL OF THE LANDLORD, AND THE UNIT SHALL BE HANDED OVER BY...
This is my first post on the forum, so I apologize if I misplace this question. Anyways, I have been attempting to create a longer term solution for affordable housing in my area. Although I have been volunteering and donating to shelters, these seem like inefficient ways of helping less...
I have been talking with a potential landlord through Craigslist and she sent me this rental agreement through email:
--------------------------------------------------------------start----------------------------------------------------------
I (print):
NAME_______________________...
Hello,
We have been living in our apartment for several years now and have previously used a 12 month lease and then a 6 month lease. At the end of each lease would resign a new lease for the next agreed upon period. Recently the property was sold to a new owner.
Upon introduction the new...