· Mar 11, 2010
Most landlords impose minimum income requirements for renting their apartments, whether or not they say so. Some property managers and landlords will state any requirements on brochures and other marketing materials, or when you request a rental application. Others won’t say anything, and just deny your application or refuse to rent you an apartment, because […]
Whether it’s a bad economy, an unexpected job loss or some other change, you might be tempted to stop paying rent. However, there are financial consequences that can impact you for many years after your decision. Think carefully about what could happen: Late Fees Not paying rent will result in you being charged a late […]
· Mar 10, 2010
Rent control has its advocates as well as its opponents. Therefore, it’s good to be armed with the proper information before you readily believe some of the myths that have been spread about the subject that you don’t know about. Myth #1 – Crime Increases When Rent Control Is Enforced Some people are under the […]
· Mar 9, 2010
There are three types of disabilities that are protected against discrimination. A landlord is not allowed to refuse an apartment to any person based on any of these three disabilities. They are physical, mental and emotional disabilities. Let’s take a look at all three in depth. 1. Physical Disability Whether it is a person in a […]
· Mar 8, 2010
Rent stabilization is a set of laws designed to protected tenants. Originally formed in the post-World War II era, the laws were created to induce tenants to rent apartments by guaranteeing lower than market-price rents. The Three Rights of Rent Stabilization Tenants in rent stabilized apartments are guaranteed three basic protections: the right to tenure, […]
· Mar 5, 2010
What exactly pro rated rent is and how it is calculated can be confusing. At a time when you are spending so much money and signing so many documents, calculating what the figure is based on is the last job you want to do. Pro-rated rent, however, is easily explained. Pro-Rated Rent Defined Typically, apartment […]
· Mar 4, 2010
Once everything is moved out, and the apartment is clean, a tenant would anticipate receiving a returned security deposit. Rather it was $100 or $500, receiving the security deposit back from the landlord is customary, granted the apartment is left clean with no damages. Once you have turned over the keys and received a passing […]
· Mar 3, 2010
When renting an apartment that has rent control laws, view this as a good thing. There are ways to make these laws work for you, not against you. Limited Reasons for Eviction While landlords in the past have been able to abuse the eviction process, those days are over. Thanks to the rent control laws, […]
· Feb 26, 2010
When paying rent, three different forms of payment are acceptable. While situations vary for each tenant, generally everyone has the ability to pay by one of these payment forms. Most landlords are fine with a variety in payment, as long as the rent is paid on time 1. Payment By Check Most people prefer to […]
· Feb 25, 2010
When it comes to asking your landlord to make repairs, the success of the request depends on how it is made. If a landlord thinks that you are not going to stand up for yourself and cause a fuss, you may end up last on the list. In that scenario, other, more demanding tenants may […]
· Feb 24, 2010