TRENDING NEWS

POPULAR NEWS

If Landlords Give You The Property Rights Of An Apartment How Will This Affect The Equilibrium

Can my landlord evict me if i didn't pay an electric bill?

It depends upon what your lease says, but a general answer is that when you vacate the premises, final utility bills become the landlord's responsibility if you dont pay. The next tenant cannot get the utility until it's paid. If you are dealing with some of the larger apartment complexes, BE VERY CAREFUL about what you say, what you do and how you leave. They have hidden language in their leases that can escalate a small balance into thousands of dollars. Here's how it goes:

If you signed a new lease and they evict you, they can charge you an early terminiation fee, insufficient notice fee and other fees that can add up to several months of your rent. So, if you have a thousand dollar rent, you can get evicted and be charge an insufficient notice fee of two or three months. Then, they can charge you an early termination fee that can be anywhere from 30 days to the full amount of the lease. It doesnt matter WHY you leave early. If you leave early, they can charge you. They can also charge you a "re-letting" fee. Again, a couple of months. It is not uncommon for people who rent from Cambridge or other large apartment complexes to get calls from a place called "HUNTER WARFIELD," a collection agency, looking for thousands of dollars. They fail to tell you that in many states there are defenses to these outrageous fees.

Try to resolve this by paying the electric bill and getting the Notice to Quit rescinded. If it was a notice to quit or pay the electric bill, that shouldnt be a problem. But trust me, if you try to get cute with them and save a few bucks on the utility bill, they WILL screw you.

What should you do if the landlord sends you a 30 day eviction notice because the landlord doesn't want to fix problems with the apartment?

Laws covering housing and protecting tenants vary by community and state. You should run downtown to the government agency in charge of housing in your neighborhood and find out what your rights are. Tenants have rights that drive landlords crazy.  But landlords go into this business with their eyes wide open and have no right to complain.  This is the nature of the beast. A "30 day eviction notice" itself must have been issued after a court proceeding to which you apparently were not invited.  If this is the case, you can extend this and have the proceeding rescheduled while you evaluate the situation and decide what to do. If on the other hand you were invited and simply neglected to mention this in your question, it would be less likely that you would be able to extend your tenancy. Given the variation in laws that would apply to you, I would simply run down to city hall and find out what the relevant agencies have to say about your situation.  In the U.S., tenants are allowed to get away with plenty because homelessness is considered a terrible way to live, a violation of a person's basic rights.  Just find the right government agency to guide your actions.

What will happen if I don't pay the rent to my apartment?

You’ll have to look at the original lease contract to know what your legal responsibility is here. Some contracts have auto-renewal clauses that force you to formalize the termination of the contract before you’re ‘off the hook’. But if the expiration date in your contract was final, then you can inform the leasing office of this and should be fine. Otherwise, if you did accidentally overlook something and it’s your legal responsibility to pay for July, then you should simply ask the landlord to help you out.And remember that the lease contract takes precedence over a move-out notice.

How long can you typically go without paying your apartment rent if you got a 3 days notice to pay the rent or get out?

I assure you that not paying your rent is one of the worst decisions that you can make. Your life will not be the same after an eviction. It can be a very traumatic experience.Every state is going to have slightly different eviction laws but here in Ohio my company has a very large rental portfolio in the Cleveland area and this is how we handle tenants who do not pay rent.Rent is due on the 1st.Rent is late on the 2nd.We call tenants 3x day from the 5th through the 10th.We put up 3 day notices on the 10th.After the 3 day notices we file for eviction. Once we file we will no longer accept rent. At this point the non paying tenant can't pay or get out of the legal ramifications of their actions.We win the court eviction and get a write to regain possession of the property. The eviction remains on your record for life. It will be incredibly hard if not impossible to find another landlord willing to rent to you.We send in the bailiffs (guns drawn) to the home. If you do not open the door they kick it in and forcibly remove any occupants living in the home.Everything that the tenant owns is placed on the curb by a moving crew. They can clear out an entire home in about 2 hours. They are not vary delicate with your possessions. Everything stays on the curb until 5pm. Scrappers and thieves usually come by and steal anything of value. At 5pm we bring a dump truck and load up everything that is left and take it to storage. After 30 days in storage we take it to the dump.After all of the above a non paying tenant can also expect the following to happen.We take you back to court and sue you for back rent, legal costs and damages.We garnish your wages until all debts are paid off.As you can gather from everything above being evicted is a terrible experience that is 100% preventable by you. Don't be stupid, pay your rent or move out of your landlord's property you are only hurting yourself if you don't.For more information on evictions take a look at the LIVE video of one of my company’s evictions below.Have more Real Estate related questions? Let me know! Follow/Subscribe & simply ask. I will make you a FREE video reply. #AskJamesWiseFollow me on InstagramSubscribe to my YouTube ChannelWould you like access to a FREE list of the most profitable Real Estate Investments in the USA? CLICK HERE FOR ACCESS!

If another tenant takes the apartment after I break my lease and the last 2 months they will collect rent?

I'm not familiar with ohio law, but what I can do is offer you some basic principles and strategies which you can check into that can give you some guidance.

First off let him sue you for the balance. Don't offer it. Chances are he won't bother because the extra two months $1078 won't be worth it to him because you can drive him crazy in court (small claims or landlord tenant court).

Secondly, as a general rule Ohio (and many states) require landlords to do what is called "covering" on residential leases.
"covering" means that the landlord cannot generally just sit back and collect rent from you without covering his damages (minimizing them) by re-renting or attempting to re-rent the apartment.

If he has in fact gotten someone else to rent the apartment for equal or greater amount you will not be responsible for the rent. If he has not gotten anyone (after using reasonable efforts to re-rent the place) or has gotten someone but at a lower rent, then you will be responsible for either (a) the full rent if he couldn't re-rent it after reasonable efforts or (b) the difference between the rent you were paying and the new cheaper rental amount.

Realistically it wouldn't be worth his time to pursue you for the whole amount, or even the amount if he re-rented it for less.

If he were to re-rent it immediately you might not even lose your security deposit as some states won't allow him to just keep the deposit as damages if he didn't suffer any damages or there was no damage to the apartment.

If I were you I would just pay November up to the date you move out and let him sue you for the rest. Drive him crazy wasting his time and the worst he could do is get a judgement against you. He will have to spend money to find you and even if he does come after you you can always settle.

If you want more info I suggest talking to an ohio attorney for an hour or checking out ohio law and case law yourself.

Effects on Rent control (Need help on homework) quick question.?

Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, as the quanity of apartments demanded is greater than the quantity supplied at that price.

When cities prevent landlords from charging market rents, what can happen in the long run result? Check all that apply.

**(I tried to answer it, if you know that answer, and if mine is incorrect please let me know. Also, help with the right answer would be appreciated.)

X_The Quantity of available rental housing units falls
X_Black markets develop
The future supply of rental housing units increases.
Efficient use of housing space results.

Effects of rent control Question?

rent controls force landlords to price apartments below the equilibrium level. An immediate effect is an excess demand of apartments as the quantity of apartments demanded is greater than the quantity supplied at that price.

when cities prevent landlords from charging market rents what can happen in the long run? indicate all that apply.
1) landlords earn lower profits from renting housing units, but the rent charge has no effect on either the quantity or the quality of rental units.
2) Efficient use of housing space results
3) Black Markets develop
4) Non-price methods of rationing emerge

(basically if they all apply, tell me that they all apply, otherwise just tell me which numbers are the correct answers thanks!)

If I have co-signed a lease for an apartment and my co-signee moves out before our lease is up with no intention of paying anything more or finding a replacement, what is my next step if I can't afford the rent on my own?

It depends on whether you're on a fixed-term or periodical lease, but by saying "before our lease is up", I'm assuming you're on a fixed-term lease. Your co-tenant is obliged to pay rent for the entire duration of the contract. Having said that, if your co-tenant stops paying rent, it puts your whole lease into arrears and affects you, as you may be served with an eviction notice for non-payment, even if you're paid your half. You are "jointly and severally liable" for paying rent, which means that you can be held responsible for your co-tenant's portion of the rent, if they don't pay. If you're easier to find (eg because the co-tenant has gone interstate or overseas), or if you have a better paying job, the landlord may find it easier to come after you for the whole balance remaining on the lease, and whilst you can sue your former co-tenant, you may not have any more luck than the landlord in tracking them down and/or getting money from them. So it's not a pleasant situation to be in.Your best course of action is to be pro-active and find a replacement yourself; that way you know that your lease is secure, and you can find somebody who you'd like to live with. And make sure that you don't allow your co-tenant to get their portion of the bond refunded, at least until your new co-tenant moves in.Make sure that you keep the property manager at the real estate agent informed as to your co-tenant's intentions, and ensure you lodge all the appropriate forms (eg form 6 which states who gets how much of the bond at the end of the tenancy), and that any damage or cleaning due to your co-tenant is taken into consideration.There are loads of possible things that can go wrong. But in summary, you need to:1) Try and find a new co-tenant ASAP,2) Ring the RTA and/or Tenants' Union for advice on protecting your own interests, and3) Keep the PM / landlord up-to-date on the situation.

TRENDING NEWS