Elliot Adler

Whether you're a landlord or want to rent house , you should be aware of your rights. There are a lot of landlord rights you should be mindful of, whether it's a tenant's right to get a copy of your official notice of the orders or a tenant's right to restitution of damages for violation of the lease. Whether a new or long-term renter, you must grasp your landlord's rights regarding security deposits. While state regulations differ regarding processing deposits, landlords are generally bound by tight requirements. In New York, landlords are allowed to keep a renter's security deposit if the tenant has not paid rent. A landlord may also utilize a security deposit to offset damage to a unit. Some states have put limits on the amount of a security deposit. Others permit landlords to hold security deposits equal to one or two months' rent. Landlords in several states can charge more outstanding deposits to tenants who have pets. When a landlord fails to obey the...

If you are a first-time buyer , you may want to consider buying a home through a rent-to-own arrangement. However, you should know the risks involved, especially when working with a shady seller. The process can be safe if you're working with a reputable seller. A rent-to-own home is a rental agreement where a tenant pays an option fee to buy the house at the end of the lease. This fee is usually one to five percent of the purchase price and is non-refundable. This fee gives the tenant the first right of refusal if another tenant wants to buy the property. The option fee is typically about one to five percent of the purchase price and is similar to a down payment on a new home. However, the process isn't without its risks. Although a rent-to-own home can help you save for a down payment, it can also be risky in the long run. For this reason, it is recommended that you stay rented until you've saved enough money for a down payment. A rent-to-own contract will clearly state t...