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Don't Sign That Lease Yet

by Dan The Roommate Man

You're being transferred to a new city in another state for a position that you start in exactly two weeks. You fly to your new hometown to select an apartment. You have exactly two days to make a decision and sign a lease, so when, after much searching, you find a vacancy in a relatively decent property, you're anxious to sign when the lease is placed in front of you. Resist the urge. As mentioned in previously in our report "Avoiding Tenants' Tribulations," wearing rose-colored glasses can easily fool you into believing that your best interests as a tenant will be protected. Your desire to find a home and wind up what can be an exhaustive search process can push you into signing on the dotted line before you've read and understand all of the fine print of your lease.

What's the purpose of a lease, aside from your agreement to pay your rent each month and maintain your apartment in good condition? For starters, the responsibilities of your landlord are clearly outlined in this contract, so it's obviously in your best interests to read the lease carefully. If you're ignorant of the lease terms, you could find yourself blindsided several months later when your landlord holds you responsible for damage or other breach of lease, and subsequently asks you to move out. What if your employment situation changes five months into your 12-month lease, and you've got to move before your lease expires? Your lease will outline your financial obligations should you need to back out for any reason.

Some leasing offices and landlords will place a lengthy, "standard" document in front of you and downplay its terms -- not necessarily to dupe you, but rather in an attempt to save you time and allow him or her to move on to other prospective tenants waiting in the leasing office. Don't feel pressured; instead, move off to the side, allow the leasing agent/landlord to accommodate other visitors to the office, and continue reading the lease until you understand all of its terms. You may have signed many leases in the past, leading you to believe that they're all the same. They're not. Once you sign the lease, you're usually locked into its terms. You'll want to find out before signing what the consequences will be if you change your mind before moving day (will you get your full deposit back?).

Many consumers don't realize that under the law, they're entitled to request changes to the lease before signing it. In fact, consumers may request any modification they please, so don't be afraid to propose any changes to its terms. If the landlord agrees to your terms, make sure that he or she makes those changes on the lease itself (in ink, not pencil) and writes the date and his or her initials beside them. And don't leave the leasing office without a copy of the modified lease. Verbal promises will never hold up in the event that you have a disagreement over lease terms with your landlord in the future, or if only your landlord had a copy of the modified lease (or if changes were made only in erasable pencil).

If you agree to lease the unit only in the event that the landlord or management company replaces the unit's carpeting, fixes the bathroom sink, allows your pet to live with you, includes a washer and dryer as part of the deal or other conditions, again, get it in writing with the date of signature. If the landlord refuses to put your verbal agreement in writing or claims a sudden attack of carpal tunnel syndrome which prevents him from writing, the red flag should be raised in your mind. Take your business elsewhere.

If it's too late -- you moved into your unit without getting verbal agreements in writing, and now you find yourself making repeated requests for maintenance or other repairs that are never performed -- many real estate law experts agree that threatening to withhold payment on your rent isn't a good idea. There's a good chance your landlord will win in court if you withhold payment without a signed agreement preserving your right to do so. In addition to facing stiff monetary penalties, you could find yourself evicted from your apartment and out on the street. In fact, the State Bar of Texas states that tenants who use their deposits as rent when their leases did not state they could do so can face monetary penalties of up to three times the amount of rent they withheld.

According to the terms of the law, a tenant only has a leg to stand on when he or she withholds rent under three conditions: if the tenant first received a court order allowing him or her to withhold rent if the landlord didn't perform agreed-upon repairs or meet various conditions; if the tenant made repairs in his or her own unit and paid for them out of pocket, if the landlord was aware of and approved those repairs and the lease clearly stated that deductions in rent could be made under those circumstances; and if you have legally terminated your lease because your landlord or apartment management company broke the terms of your written lease agreement with respect to his or her responsibility for repairs, or if your utilities have been cut off unlawfully. The moral of the story? Tread lightly.

All of these warnings aren't to portray the image of landlords and apartment management companies as scheming individuals. The situation is quite the contrary in today's rental climate, major apartment leasing companies have grown and prospered around the country. The renters' market is extremely competitive, and such companies vie for prospective tenants with the promise of good amenities and good service. Sometimes these hassles simply amount to misunderstanding and miscommunication. Your best bet is to shop around, find a landlord or company-run complex with which you feel comfortable, to ask plenty of questions, read everything twice, and get every promise in writing. Don't be afraid of seeming nit-picky. If they want your business, they'll comply -- with a smile. Happy hunting.

About The Author

Since 1989 Dan The Roommate Man has helped 1000's of people find roommates. Need help? Contact him at 800-487-8050 or www.roommateexpress.com

info@roommateexpress.com




Too Many Clothes and Not Enough Bedroom

by Dan The Roommate Man

The commercial and residential building trend for today is more living area space and less bedroom space. When an apartment complex has to compromise - the large bedroom and its accompanying storage space will be the first to get the pink slip.

Lack of storage space is a flash from the past, when storage was not in walls or in shelving but in massive pieces of furniture each had a specific purpose and the grouping seemed to take up the whole room. As a renter - you'll have to supply your own storage.

What's the solution? Consider how America used to live. Small bedrooms herald back to way before the fifties, when people accumulated fewer things and consumerism was less focused on the individual and more on the common good of the fam Too Many Clothes and Not Enough Bedroom Recipe

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Rental Maintenance and Repairs: Who Pays The Bills?

by Dan The Roommate Man

Renting property is an arrangement where the needs of owners and tenants generally overlap: The tenant wants a clean and safe home and the landlord wants rent and someone who will care for the property. All in all, a good trade for everyone -- until it comes time to make repairs.

So if the sink leaks, a light-bulb is out, or the oven burner is shot, who pays?

The answer depends on several factors.

Is there a health and safety issue? If yes, look to the landlord for repairs.

Is the item something within the scope of routine maintenance? That light bulb is the tenant's responsibility.

What does the lease say? In the agreement between the tenant and the owner there is typically a clause devoted to maint Rental Maintenance and Repairs: Who Pays The Bills? Recipe

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The Triple Play: How To Tackle Tough Vacancy Problems

by Dan The Roommate Man

Every property manager knows apartment vacancy rates are a little bit like the weather: everybody talks about them, but no one ever seems to do anything.

Sometimes the usual combination of advertising and tenant incentives doesn't work and something more is needed to give the properties with vacancies an immediate and sustainable booster shot. After months of struggling to find the right formula to attract renters, we came up with what might be called a Triple Play for owners. Here's how it works.

About 55 percent of the renters in our market area need some kind of help to close a lease, a statistic which will vary in other communities. Renters with good credit histories may simply need an incentive to help them make the choice; ren The Triple Play: How To Tackle Tough Vacancy Problems Recipe

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Signing a Roommate Pre-nup

by Dan The Roommate Man

You're just graduating from college. You and your new roommate are moving into your first off-campus apartment. Now you can just kick back, relax, and enjoy the real world. Right? Wrong! The real world walks hand in hand with real responsibility. Just as there are new freedoms and new opportunities, there are also new things to consider. One thing that's incredibly helpful, but generally overlooked, is knowing how to lay some ground rules with your new roommate.

So you're thinking "Hey! I'm moving in with my best friend since 1st grade! We've never had any problems getting along. We'll have a great time!" Well, maybe so... but you can never predict what might happen once you start sharing everything from the same kitchen to the same bat Signing a Roommate Pre-nup Recipe

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