While the law clearly states the purpose of the security deposit, it does not mention specific details, such as what can be classified as “wear and tear” of property, as well as how much the different levels of “damage” actually cost. Hence, getting a full refund may be difficult, a...
All rental properties require a security deposit, which is like collateral to protect the property. The tenant pays the security deposit to the landlord when signing the lease, and the money is used to cover any damages that may occur during their stay. If the property is in the same condit...
Your job is to discover what the market will allow for your house and attempt to get that amount, known as “Fair Market Rent.” Luckily, discovering what the monthly rent will bear for your house is not difficult; the best way to determine how much your house will rent for is to simp...
Find out as much as you can so there are no surprises — and keep a little cushion of money for unexpected expenses that might come up. And, don't count on getting your security deposit back. If you're banking on that money and the landlord says you dented the wall and he has to ...
Rent buyouts, also known as lease buyouts or cash-for-keys agreements, have become increasingly popular in New York City’s competitive rental market. The concept is simple: a tenant agrees to vacate a rental property in exchange for a monetary sum offered by the landlord. This arrangement can...
savings goals should be, like your age, lifestyle, income, and overall financial goals. But how much you should have in savings also usually depends on what you’re saving for – a house, a car, a lavish vacation, or the most common savings goals: an emergency fund and retirement fund...
Rent- if you rent, consider temporarily downsizing to a smaller rental unit. This will reduce rental expenses while you save for your deposit. Keep in mind that this arrangement is temporary, and the ultimate goal is to move into one's own home. ...
Still haven't got your deposit back? You do have the right to take your landlord to small claims court. Beautiful Restored Train Car AirBnB Rental I'll go ahead and say that this Idaho rental is better than the Idaho Potato rental. ...
Moving out of your parents’ house and learning how to live on your own comes with a lot of benefits, but one of the downsides is that you’re on the hook for all your meals. Cook says younger adults tend to drastically underestimate how much they’ll spend on food. “Some people spe...
Good faith money can also be known as earnest money and acts similar to asecurity depositon a rental property. Where a security deposit for a rental home, vehicle, or equipment may be taken asinsuranceagainst damages, good faith money is usually taken as insurance against a lost opportunity s...