Guide: Legal and Finance (Page 12)
Rental Income Properties
Anybody that has ever considered purchasing a property with the intent to rent it out to generate income would be advised to do a lot of research before moving ahead with the plan. While it can be a lucrative investment opportunity it is a business and therefore cannot be approached the same way as typical home ownership. The very first question to be answered is can you afford the bank payment... ❯❯❯
How to Extend Your Shareholder Lease
There are two main types of property ownership; freehold and shareholder. The difference between the two is that a freeholder will own their property outright, whereas a shareholder will own a lease to their property. A shareholder lease does not mean that a person is renting the property. Instead, it means that they have signed a contract which gives them ownership rights for a pre-agreed term.... ❯❯❯
Five Great Money Management Tips for Expats
Deciding to move abroad can be incredible exciting! Whether you’ve planned carefully or thrown caution to the wind, there’s nothing more adventurous than taking off to begin a new life in a new country. But if you are setting sail for new shores, it’s always important to bear in mind that – no matter where you go, or how light you travel – you will always need a reliable source of money. ... ❯❯❯
Consider the Amenities
The amenities on a rental property can often be the deciding factor for many renters. The available amenities may make a less affordable property seem more appealing. Conversely a property which is more expensive may be considered worthwhile if the amenities offered are considered valuable enough to compensate for the higher price. When making this decision, homeowners should consider their own... ❯❯❯
Read Your Apartment Rental Contract Carefully
Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often sign the agreement with no questions asked. This is a mistake... ❯❯❯
Getting Your Security Deposit Back
For many renters the subject of the security deposit is somewhat of a touchy subject. Most renters assume they should receive their security deposit back in its entirety as long as there is no significant damage done to the apartment. However, this is rarely true as there are number of factors which contribute to whether or not the security deposit or a portion of the deposit will be returned to... ❯❯❯
Breaking a Lease on a Rental Agreement
Most rental agreements have a section regarding the renter breaking the lease agreement. While there is also likely a section or several sections regarding when the leasing agent can evict the renter, the section on breaking the lease should be of particular interest to those who might be in a position to have to break the lease some day. Renters should understand these contract terms so they can... ❯❯❯
Making Sense Of The Information In Your Credit Report
If you've ever applied for a credit card or loan, you’ve probably had your credit report reviewed by the lender. Your credit report has a huge impact on your financial future, so it’s well worth your time to be sure that you understand what your credit report says about you. Even if you’re not interested in obtaining credit, your credit report can impact other areas of your life. Potential... ❯❯❯
Moving into a New Apartment? Know All the Costs
When you move in to a new apartment, the landlord may charge you more than the first month's rent. Before you sign the lease, make sure you understand exactly what you're going to be charged, and get it in writing. Security Deposit: This is mini-landlord insurance. The deposit is equivalent to about one to two month's rent and can cover anything from a broken window to stained carpet. At the end... ❯❯❯
What Are The Responsibilities of a Tenant?
As a tenant, you have many advantages over homeowners... you don't have to mow the lawn, or paint the house, or repave the driveway. It may seem like you haven't any responsibilities above and beyond getting the rent check in on time... but you do. Through the landlord-tenant laws, you are required to do several things: # Keep your apartment or house safe and sanitary. # Dispose of trash and... ❯❯❯
