Can a 17 year old rent an apartment or house?
Jenn. It totally depends on the landlord. As one response says, most landlords won't rent to a minor. That being said, they are not forbidden from doing so. The issue is with capacity to contract. Many people think that minors cannot enter into contracts. That is not true. Minors can enter into contracts but the contract is voidable by the minor. That means, if you agree to a 6 month lease and decide to move after one month that you can void the deal and move out. The landlord on the other hand, being an adult, cannot void the contract and is bound by its terms. But, if you live in the apartment and pay your rent, you cannot void the contract after 3 months and get your rent back for those 3 months because that part of the contract has been completed. So you need to find a landlord that will work with you and there are some that will. When I was young, a friend of mine was in your position. He found a person that had converted their garage to an apartment and he rented that. When I was in college, there were always postings form college kids that were renting a place and had rooms to rent to other kids. So if you have a community college in your area, you can go there and look for room for rent postings. And these days there is craigslist. On craigslist there is an area dedicated to rooms for rent postings. So I am sure if you try, that you can find a place to rent. Just make sure that when you meet up with the landlord that you present yourself well. You need them to have confidence in you. That you will pay your rent on time, be a good tenant, protect their property and not be a party animal. Good luck
Breaking a rental house lease agreement?
It all depends on the lease that you singed when you moved in. Do you have a copy? If not, get one and review what it says for the early termination of the lease. Every contract is different though so you're bound to whatever your specific contract says. Maybe if you're renting from a private owner (rather than a property management company or business) you might have some luck just explaining your situation and seeing if there is any comprimise you can come to. Private owners are many times more willing to break the rules for you if you're a good tenant. For example, my old apartment would let you break the lease with 60 days notice and one extra month's rent for a penalty. The apartment I'm currently living in has a lease that states the only way I can get out of my lease is if I find someone to take it over. Otherwise, I'm stuck paying the rent no matter what. Good luck to you, I hope it's easy for you to get out of.
Is it best to buy a house or rent an apartment?
I’m going to go ahead and address the financial ‘broscience’ which claims “renting is throwing away money.” You’ll hear this often, but it’s toxic advice akin to phrases like “toning muscles” in the gym or “credit window milking” for your FICO score.Although, like most misinformation, there is some truth behind the pitfalls of renting versus buying.First, the cost of rent factors in insurance, upkeep (proactive and reactive maintenance), the actual cost to rent per square foot, security, taxes, landscaping, misc fees, and in some cases, utilities. All rents go to the landlord who distributes the money as needed.A mortgage on a house only covers the cost of the house and does not include home owners insurance, property taxes, maintenance, landscaping, HOA fees, etc. The mortgage only goes to the bank because, well, the bank does not maintain your house nor provide landscaping. In other words, the bank is not the landlord.A second thing to consider is your length of stay. Renting general goes in two directions: ‘month to month’ or ‘yearly leases.’ You are only obligated to stay in an apartment so as long as it doesn’t breach contract, whereas buying a home is more of a long term investment. Think 15/30 year fixed mortgages.Mortgaging a house is great for building equity in the long run, and can help you secure more lucrative loans and lines of credit. Renting is great for someone young or unsure of their financial future, and can keep you mobile if work or life calls you in a new direction.Now, if you’re buying a house with straight cash, then ignore all of this.
Can a 17 year old rent an apartment in Texas?
In Texas, you don't need your parents' consent to do so, unless you are already under the supervision of the juvenile court (deferred adjudication, probation, etc.). Otherwise, the jurisdiction of the juvenile court ends at seventeen. (It's big boy jail after that! ;) Since a runaway charge is a status (juvenile) offense, only those under seventeen can be charged as such. If you can find a landlord willing to rent to you, it's perfectly legal. In fact, the lease is even enforceable by the landlord, since exceptions are made for contracts with minors "necessary to the health and safety ... such goods and services include food, clothing, and lodging or shelter." Good luck! :)
Is it legal to rent out a house to pay the mortgage?
As others have mentioned here, it depends when the house becomes a rental. If you buy a house strictly to rent it out, then you MUST inform the mortgage lender, and they will charge you a higher rate. Also, they may not take the proposed rental income as qualifying income if you have been a landlord for less than 2 years.Now, if you buy a house and live in it as your primary residence for a while, and then decided to rent it out, it's a bit easier. You should inform your mortgage lender and they may charge you a fee but probably won't raise your rate or deny you.One small wrinkle. If you are still living in the house but decide to rent out a room or two while you are still living there, this is OK (though you should get some extra landlord's insurance), but should you wish to refi the mortgage you cannot use rental income from your primary home to qualify. You can use the rental income to pay the mortgage, but it can't be counted as qualifying income for a new loan on that house.
If you refuse to let Rent A Center in your house, can they call the police on you?
After watching a neighbor go through this situation I can tell you just what will happen. First you’ll receive a few phone calls saying you’re late or behind on payments. They’ll ask you to return the item(s) or say they can/will send someone to retrieve them. Depending on how handled that, or more likely ignored their phone calls, they’ll send a crew.Assuming you don’t allow them in to take the item(s), they’ll likely leave and report back to their superior who will then make a few last attempts to contact you before threatening to sue. Please understand, this isn’t a threat that will fall short, assuming you’ve agreed to rent more than $1,500, assume that they will follow through. And any lawyer you find to take the case will tell you that you’re best to settle out of court and return the item as well as now pay the additional fees you’ve accrued from dragging this out. In other words, because you signed a contract, it’s safe to assume it’s a legally binding contract and you’ve gone against the terms of the contract.In the situation with my neighbor, the cops were called because she and the retrieval crew caused a bit of ruckus and a neighbor called the cops. When the cops did come, they quickly understood the situation and quickly said that the situation was a civil matter and that they wouldn’t get involved. Though they did say if the situation continued to bother neighbors, they would arrest those involved for disturbing the peace. My neighbor refused to let the men into her home, the men didn’t want to cause any more trouble and left. A few weeks later the neighbor received a noticed that was she was being sued for breach of contract. According to her, she went to 4 different lawyers and all 4 told her to settle out of court and either return the item or pay the remaining amount of the item, as well as prepare to pay the legal fees and so on because the odds of winning the case were very very low.So can they call the police? Sure, but the police won’t do anything for a civil matter. But Rent-A-Center will sue for the remaining amount/item and additional fees you’ve now racked up.