Renter’s Advice and Resources

Renter’s Advice and Resources

Ciao, Landlord: Writing a Lease Termination Letter

aptsherpa

 · May 21, 2007

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Are you ready to leave your tiny, expensive apartment for a bigger, cheaper, better place? Congratulations! But before you hire the movers and turn in your keys, you have something to take care of first. You’ll need to write a lease termination letter to your landlord.

California "Notice to Quit" Requirements Change:

As of January 1st, 2007, new legislation has changed “notice to quit” requirements for California landlords. A notice to quit is a formal notice ending the rental agreement or a request that the tenant relinquish the rental property to the landlord. The new legislation requires landlords to give tenants a 60-day notice to quit, rather than the former 30-day notice requirement. The law only applies when the lease term is month-to-month and the tenant has rented the property for a year or more. If you are a California renter, keep these facts in mind:

aptsherpa

 · Jan 22, 2007

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When it’s time to renew your lease, you don’t necessarily have to succumb to your landlord’s demands. If you’ve been a good tenant, you can engage in some savvy negotiation to get a better deal. It’s always easier for the apartment management to have a guaranteed good tenant than to have to seek out a new tenant with unknown payment and residential habits. These suggestions may help you get on your way to negotiating a better agreement with your landlord when re-signing your lease.

aptsherpa

 · Oct 16, 2006

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A lease option gives would-be buyers the chance to purchase a home, apartment, or condo space after renting it for a certain amount of time. There’s usually an extra fee paid at the beginning of the lease term that will allow you to enter into the lease-purchase option. Lease-purchase options are sometimes offered when the housing market is slow, in part to entice people who may not otherwise be interested in or capable of purchasing a home. Depending on your situation in life and your home-owning aspirations, a lease-purchase option may be appropriate for you. Some of the pros and cons of the lease-purchase concept are covered below. Some agreements put part of your rental payments toward the purchase price; others might only give you first option to buy if the owner decides to sell the property. Keep in mind that the situation will vary with individual contracts and agreements, so make sure you understand the full terms of the deal before signing anything.

aptsherpa

 · Oct 11, 2006

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