This document discusses considerations for homeowners looking to rent out their home as landlords. It addresses the need to understand landlord responsibilities under Massachusetts law and how to properly handle security deposits and comply with lead paint regulations. Tips are provided around drafting a lease, maintenance responsibilities, and obtaining necessary forms regarding security deposits and lead paint for rental properties built before 1978.
Zack Childress Real Estate Guidelines on Land LordshipZack Childress
Zack childress once you have become landlord, there are certain things that you need to know and follow. There are certain perks and peril that you need to know before you do anything.
Coronavirus Act 2020: A complete solution for commercial landlords and tenants?Sophie Palleschi
On the 25 March 2020 the Coronavirus Bill received Royal Assent. In light of this, Commercial landlords and tenants will be keen to understand the benefits and the potential problems sections 82 and 83 of the Coronavirus Act 2020 could cause them at present and in the future.
NRIs or non-residents of India have to spend many months or years abroad without paying a visit to their own property in India. Rental/Lease agreement provides a secure arrangement in case NRI did property investment and lending it to the tenant for a limited period of time. It is a legal document that can be useful tool in litigation.
One of the most prominent clauses in Government contracts in India is the risk purchase or the risk and cost clause. This authorises the promisee to get the promise fulfilled either by itself or through a third person in case of the promisor’s default and allows the promisee to be compensated for the increased costs and effort. Till now, the legal framework of such risk and cost contracting was not clear, leading to difference in decisions in courts and arbitral tribunals on various aspects of risk and cost contracting. Now, the Parliament has attempted to lay down the framework for such risk and cost contracting under the rubric of “substituted performance” by enacting the Specific Relief (Amendment) Act, 2018. This paper analyses the law on the subject and evaluates the provisions in the said Act. It concludes by providing suggestions to contract drafters on how to modify their existing risk and cost contracting clauses and to courts on how best to construe Section 20 to ensure consonance with the salutary objectives behind enactment of the amendments. This presentation was made in the 4th International Conference on International & Domestic Arbitration: Current Scenario & Way Ahead, Chennai, 26-27 October 2018.
Buying your first home is often a blur, but there is one experience that many buyers choose to forget: signing all their closing documents. At closing, you'll be presented with a stack of documents awaiting your signature. But what are you actually signing at closing?
New American Funding has years of experience making your closing as smooth as possible. In fact, we have a 14-day closing guarantee! If you're worried about what to expect at closing, our guide to closing documents is the perfect companion for any first-time homebuyer.
Zack Childress Real Estate Guidelines on Land LordshipZack Childress
Zack childress once you have become landlord, there are certain things that you need to know and follow. There are certain perks and peril that you need to know before you do anything.
Coronavirus Act 2020: A complete solution for commercial landlords and tenants?Sophie Palleschi
On the 25 March 2020 the Coronavirus Bill received Royal Assent. In light of this, Commercial landlords and tenants will be keen to understand the benefits and the potential problems sections 82 and 83 of the Coronavirus Act 2020 could cause them at present and in the future.
NRIs or non-residents of India have to spend many months or years abroad without paying a visit to their own property in India. Rental/Lease agreement provides a secure arrangement in case NRI did property investment and lending it to the tenant for a limited period of time. It is a legal document that can be useful tool in litigation.
One of the most prominent clauses in Government contracts in India is the risk purchase or the risk and cost clause. This authorises the promisee to get the promise fulfilled either by itself or through a third person in case of the promisor’s default and allows the promisee to be compensated for the increased costs and effort. Till now, the legal framework of such risk and cost contracting was not clear, leading to difference in decisions in courts and arbitral tribunals on various aspects of risk and cost contracting. Now, the Parliament has attempted to lay down the framework for such risk and cost contracting under the rubric of “substituted performance” by enacting the Specific Relief (Amendment) Act, 2018. This paper analyses the law on the subject and evaluates the provisions in the said Act. It concludes by providing suggestions to contract drafters on how to modify their existing risk and cost contracting clauses and to courts on how best to construe Section 20 to ensure consonance with the salutary objectives behind enactment of the amendments. This presentation was made in the 4th International Conference on International & Domestic Arbitration: Current Scenario & Way Ahead, Chennai, 26-27 October 2018.
Buying your first home is often a blur, but there is one experience that many buyers choose to forget: signing all their closing documents. At closing, you'll be presented with a stack of documents awaiting your signature. But what are you actually signing at closing?
New American Funding has years of experience making your closing as smooth as possible. In fact, we have a 14-day closing guarantee! If you're worried about what to expect at closing, our guide to closing documents is the perfect companion for any first-time homebuyer.
This Power point Presentation contains the detailed ifnromation to the reader which needs to be taken care of in mind while executing Commercial Lease Deed or intending to enter into Commercial Lease Transaction......A person can buy the documents related to it from our Website www.draftmydocument.com .... in easily editable word format which makes it easy to use for you and saving your time and efforts
Ehsan Kabir can identify hidden matrimonial assets and the dissipation of assets with his unique style together with his vast amount of skills and knowledge acquired by dealing with freezing assets, divorce financial settlements, child law proceeding.
Rental Guide Home61 Miami.
A short guide for Home61.com 's customers on the process and requirements to rent an apartment in Miami as well as a quick FAQ on renting.
What to expect when you apply for a home loan in Australia - a stage by stage guide to the home loan process
posted by Synectic Financial
www.synecticfinancial.com
Real Estate Market In India : A Profitable Investment by MCHIshashikant
The Maharashtra Chamber of Housing Industry is a representative body of leading developers within the Mumbai Metropolitan Region (MMR) engaged in Housing & Real Estate Developments. MCHI's primary task is to be a common link/ platform, and liaise between members (real estate developers and builders) and local authorities, Central & State Governments. This goes a long way towards making 'housing for all' a reality. MCHI Members create 80 to 90 per cent of houses/ flats in Mumbai and in its vicinity.
Maharashtra Chamber of Housing Industry (MCHI) organises exhibitions where 'smart' home seekers can rely on exhibitors who will treat them not as customers, but as friends. MCHI and the developers who are the exhibitors at such property expos share your aspirations, your dreams and help make these come true.
Commercial landlords may encounter situations where a tenant’s rent payment is due and there is no sign of the check. Weeks may pass without any indication of whether rent will be paid.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxfredharris32
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxblondellchancy
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h ...
My Home Buyers Guide is a valuable tool prepared to help you understand the complex process of buying a home in today’s market. My commitment is to put my extensive professional, technological and networking resources to work, in your best interest, to help you purchase the right home.
This Power point Presentation contains the detailed ifnromation to the reader which needs to be taken care of in mind while executing Commercial Lease Deed or intending to enter into Commercial Lease Transaction......A person can buy the documents related to it from our Website www.draftmydocument.com .... in easily editable word format which makes it easy to use for you and saving your time and efforts
Ehsan Kabir can identify hidden matrimonial assets and the dissipation of assets with his unique style together with his vast amount of skills and knowledge acquired by dealing with freezing assets, divorce financial settlements, child law proceeding.
Rental Guide Home61 Miami.
A short guide for Home61.com 's customers on the process and requirements to rent an apartment in Miami as well as a quick FAQ on renting.
What to expect when you apply for a home loan in Australia - a stage by stage guide to the home loan process
posted by Synectic Financial
www.synecticfinancial.com
Real Estate Market In India : A Profitable Investment by MCHIshashikant
The Maharashtra Chamber of Housing Industry is a representative body of leading developers within the Mumbai Metropolitan Region (MMR) engaged in Housing & Real Estate Developments. MCHI's primary task is to be a common link/ platform, and liaise between members (real estate developers and builders) and local authorities, Central & State Governments. This goes a long way towards making 'housing for all' a reality. MCHI Members create 80 to 90 per cent of houses/ flats in Mumbai and in its vicinity.
Maharashtra Chamber of Housing Industry (MCHI) organises exhibitions where 'smart' home seekers can rely on exhibitors who will treat them not as customers, but as friends. MCHI and the developers who are the exhibitors at such property expos share your aspirations, your dreams and help make these come true.
Commercial landlords may encounter situations where a tenant’s rent payment is due and there is no sign of the check. Weeks may pass without any indication of whether rent will be paid.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxfredharris32
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxblondellchancy
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h ...
My Home Buyers Guide is a valuable tool prepared to help you understand the complex process of buying a home in today’s market. My commitment is to put my extensive professional, technological and networking resources to work, in your best interest, to help you purchase the right home.
Guide to Understanding the Notice to Quit in ConnecticutezLandlordForms
Unlock the key to successfully navigating the Notice to Quit in Connecticut with this comprehensive guide. Whether you're a tenant or landlord, knowing your rights and responsibilities is essential. Click to learn more at https://articles.ezlandlordforms.com/state-landlord-tenant-law/connecticut-landlord-tenant-law-and-regulations/
1. Considerations for Sellers Turned Landlords
Homeowners who are faced with relocation and unable to secure a buyer for their home are
looking at “Option B”, offering their home as a rental property. As is often the case, in making
tough choices, there is a yin and a yang to this scenario. Covering mortgage, insurance and tax
expenses through rent receipts is certainly an attractive plan achieved through a leasing
agreement, but you need to fully understand your role as a landlord. If you are new to the
landlord business and attempting to offer your home for rent, without the guidance of a
professional, M.G.L. Chapter 151B (related to housing discrimination) and Chapter 186 (Section
15B, most specifically, addresses tenancy) become required reading.
Obviously, there is more to becoming a landlord than collecting the rent. A lot of thought needs
to go into the terms and conditions of the lease. What are your expectations in regards to utility
costs, tenant insurance, lawn care, snow removal, pets, smoking? One needs to consider how to
deal with ongoing maintenance and emergency repairs. Contracting with a third-party or
management company will relieve you of middle of the night phone calls for a faulty furnace or
plumbing issues. My focus here though, is to address two frequently asked questions by
potential landlords, pertaining to security deposits and lead paint.
What do I need to know about security deposits? Such deposits cannot exceed the equivalent of
one month’s rent and the tenant must be given a receipt. Security deposits must be held in a
Massachusetts interest-bearing account, shall not be commingled with the assets of the landlord
(lessor), and will never be subject to claims of any creditor against the lessor. Security deposits
are required to be deposited within the first month of tenancy. The landlord must provide the
name and address of the financial institution holding the account along with the account number
to the tenant (lessee). Any accumulated interest will be paid to the tenant each year, or the
amount may be deducted from the next rent payment.
What form(s) do I need to comply with the lead paint law? Homes built prior to 1978, may
contain lead-based paint and thus, lessees must receive a federally-approved pamphlet on lead
poisoning prevention as well as a disclosure form addressing any known presence of lead-based
paint, or lead-based paint hazards, from the lessor. The pamphlet, Tenant Lead Law
Notification, speaks to the risks and prevention of lead paint poisoning as well as compliance.
The disclosure, Tenant Certification Form must be completed and signed by the lessor and
presented to the lessee for review and signature. Both parties keep a copy of the fully executed
form. If a Letter of Compliance or Letter of Interim Control is available, the tenant, likewise,
should receive a copy for their records. A Letter of Compliance is a legal letter stating there are
no lead paint hazards or the dwelling has been deleaded. Such a letter will contain the date and
signature of a licensed lead inspector. A Letter of Interim Control is also a dated legal letter
signed by a licensed risk assessor. This letter states that the work necessary to make the home
2. temporarily safe, has been completed. The letter is for a period of one year, but can be renewed
for an additional year. At the end of the second year, the owner must fully delead the dwelling
and obtain a Letter of Compliance.
The Attorney General’s Guide to Landlord/Tenant Rights is a useful tool for any homeowner
considering renting their home. www.mass.gov/ago
Jean Kearney McGillick, Realtor jeankearneymcgillick@gmail.com