Category Archives: Rental Tips

Tips on Finding the Perfect Apartment or Home to Rent

How To Pay Less Charges in Your Lease

When in a commercial lease, tenants are usually required to contribute payments for taxes, utilities, and building operating expenses. They are billed typically during the first or second quarters of the year.

Review the charges

Good Leasing Contracts Mean Money and Dollar Bills in Commercial Real Estate RentingRemember to always revise and review these bills! They often contain errors. One of the reasons why there are many mistakes is that the provisions in the lease are very complex. There are many small details that can add up to big payments a tenant may be paying for unnecessarily. If you’re a tenant, it really pays to learn as much as you can about lease structures and basic contract language and wording. And when I say it “really pays” it really does! You can really save a lot of money you’d be unnecessarily paying by looking over your contracts and the bills you receive to contribute to your lease. As a landlord it also pays to learn as much as you can about lease and contracts or pay someone who really knows to handle it for you! As a landlord you have to do a cost-benefit analysis of the situation. Is it worth you taking the time and look and look and revise and revise a contract? Or is it worth paying an expert in the field that has intimate knowledge of contracts and legal knowledge to revise them for you? Perhaps your time and money is better spent in marketing or developing your business and not with your nose buried in paperwork.

Make sure the items charged are correct

Another reason why these bills may contain errors is that landlords often are unable to devote the proper time to customize the bills to each individual tenant’s particular lease. There may be so many tenants in the office building or retail space that the landlord cannot create a custom lease for each office tenant. As a tenant, take responsibility and look over the lease and see if there’s items in there that may not pertain to your situation. Maybe you’re getting charged for a particular service you’re not using. Maybe you’re paying for parking you’re not utilizing. Maybe there’s a concierge service that is not applicable. Look into the details and make sure everything is detailed correctly. As a landlord, again think of the benefits of your time and money! Is it worth the time involved to do this yourself? You may actually be losing money in the long run (and getting way more headaches in the process) by doing the contracts and billing yourself. You may be overbilling some of your tenants and underbilling others, and it may even be to the point where you’re getting a net loss from the lack of tailoring your bills to each tenant!

30 days to dispute the charges

There are legal restrictions to dispute any erroneous charges on a lease. If you’re a tenant you better be quick with any disputes you want to resolve because often there is a time limit of 30 days or less. There must be a detailed objection given within 30 days that the bill has been issued. There are many legal templates available that you can use as a tenant to submit a bill dispute. You want to customize the template to fit your situation and then submit this, in person if possible since you don’t want the possibility that this may get lost in transit or in the mail (as we know, the post office sometimes has a magical ability to make mail disappear). Make your letter, take it in person, and keep the communication lines open. Call them up and ask them questions. Get the details and use that to your advantage in the letter. Get names of people that have answered questions that pertain to your situation and write down their responses with their full name and department. This is your evidence.

Compare and contrast

In this situation you must compare your charges as a tenant to the lease language. If possible compare them to the landlord’s books and records – a legal profession should help you here. It’s a tricky situation but it’s one that as a tenant and as a landlord you should be on top of.

The money is in the details.

5 Steps to Adding a Roommate to Your Rental Lease Agreement

Evict bad unworthy tenant as act and effect of lease without screening? 1.Give your landlord a note about your intention to have a roommate. Yes, if you’re on good personal terms and have a friendly landlord you can speak to them directly. A note gives the landlord some time to think the decision over without pressure. Although many landlords will agree and cooperate with your desire to add a roommate, they may want to have your new roommate be a co-tenant. Having this roommate be a co-tenant means they will then have the same responsibilities and rights as you have. When you write this letter, be cordial, polite, and focused on your goal. Don’t ramble on and on. Get to the point and let them know basic facts about your potential roommate and possibly a reason why you want to add them. If you can think of any potential benefits this can bring the landlord, make sure to add that in the note! Landlords in general will be thinking about their best interests first. So if you can show that adding a roommate can add to your value as a tenant then make sure to show that and elaborate in your letter!

Possible reasons why adding a roommate can be beneficial to your landlord are:

a) Adding a second party may give a measure of security to your landlord since now two people are responsible for the monthly paycheck. In case one person falls on hard times, the other can now pick up the slack!

b) If you have someone living with you, this may give you more incentive to live longer at that current residence since now both of you will establish yourself at that location. Landlords love long leases!

c) If your new roommate is clean, that means two people will now be in charge of housekeeping, which will ensure an extra tidy and well-kept home!

2. Get approval from your landlord. By this step, you’ve already verified that your new roommate is more than acceptable in terms of their financial stability to handle their portion of the rent. They also have a compatible personality to yours. But just because you may be best of friends with this person doesn’t mean the landlord will accept them!

a) Make sure your new housemate will meet the good-tenant criteria set forth by your landlord. Most landlords have a very thorough screening process they run new tenants through. This can include credit checks, background checks, references, and rental history. If you know your new roommate’s credit is good, then get a copy of it and submit it to the landlord with the new tenant application. Being upfront with the credit history of your roommate can only help your chances of getting approved! Be sure to attach an explanation of any possible negatives on the credit report, like bankruptcies, evictions, or late credit card payments.

b)Make sure you’re not exceeding the occupancy limit your landlord may have set for you in the rental contract you signed when you started the lease. Even with this, there’s still a chance you can overcome this – but it may not be easy! This requires excellent rapport with the landlord, amazing qualifications by the potential tenant, and great luck in finding an landlord open to revising your contract.

3. Sign the new lease or month-to-month agreement. Although this step doesn’t happen every time you add a tenant, it is a strong possibility. Don’t take this step lightly because your landlord definitely won’t! Making sure the new tenant is added to your lease agreement is very important to the landlord and resident/property manager because it formalizes the arrival of your roommate and makes sure they are one hundred percent responsible for the steady payment of rent checks and that they are just as liable as you in case any damage should happen to the unit. This isn’t just a good thing for the landlord though! It’s also a beneficial step for you because this makes it crystal clear in formal legal writing that your homemate now has the same rights in the legal system under law and formal rental responsibilities that you have.

4. Be prepared for a rental increase. Now the bad part! Most landlords that agree to an additional co-tenant in your unit will want a bump in the rental rates. Their thinking is that since there’s another person in your apartment, townhouse, or rental house, there’s going to be a larger amount of wear and tear that’s going to take place on a daily basis. More wear and tear is not a good thing for a landlord! More wear and tear means more repair for a property manager when you end up vacating the premises when you end your lease and decide to move on to a different location. Since this will be a new legal lease, the landlord can now raise your rent immediately since this is basically going to be a new tenancy under law. Usually a landlord will give you a 30 day notice when you are in a month-to-month lease agreement that your rent will be raised or will wait until your lease ends if you have a long-term rental contract. If your unit is under rent control then you may be helped out by that. Otherwise, your landlord can legally raise your rents for as much as the current rental market will give.

5. Be prepared for conditions in the terms of your lease to change. Big one that’s probably going to change? Your security deposit. Keep in mind that many states limit the amount of security deposit a landlord and property owner can legally charge! If you live in Florida, then no luck, since there’s no statutory limit! However, usually you can expect the security deposit to be some multiple of the monthly rent. Since it’s a multiple of the monthly rent, if your monthly rent went up because of the new tenant, then your security deposit will probably go up also.

Florida Landlords Can Charge Renters Who Break Lease Two Month Penalty

Miami Renters and Miami Beach Landlords Read This!The Florida rental laws get a major change.

Landlords are happy; tenants aren’t.

The Florida Legislature updated the state’s 34-year-old rental laws on an almost unanimous vote, allowing landlords the ability to levy thousands of dollars in penalties against renters who break their leasing agreements.

How was the rental law before this?

A landlord or real estate investor renting a property to tenant could only charge a renter who breaks the lease for the time required to get a new tenant for the home. Overlapping payments weren’t allowed, a practice known as “double rent”.

How have the rental laws changed?

Tenants are now culpable who not only leave before their lease term is over but also those who do not give a 60-day written notice that they will not be renewing their lease. These new changes will now allow landlords in Florida to collect thousands of dollars in penalties from their previous tenant even if they have a tenant lined up and ready to move into the property immediately.

How much would a renter who breaks their lease have to pay?

The penalty is equal to two month’s rent. The renter may also face additional expenses equal to another month to pay back any concessions offered. These concessions may include a free month originally given by a landlord as an incentive to sign a lease.