what are the arguments for defining market rent as"the most probable rent in a transaction with a new tenant"?
454780
Well in HUD properties they use the highest Market Rent to base the subsidy of each tenant.  So if you live in a small community with 40,000 and the next city is metro with higher cost of living, but in the same county.  The strategic thing government does, is of course use the market rent for the metro city and apply to that small town.  You get more than you expect by using the higher market rent.  If you get contract rent from lets say HUD to subsidize the rents and use the highest market rent in that county, then HUD pays you that market rent value.  The company owning the property somewhat seeems a profit.
933112
No you are not wrong.  You are your own person, with your own opinions, and it is ABSOLUTELY none of the new tenants business what has occurred.  You just need to worry that rent is paid.\ngood luck
89315
i'm in maryland and typically we increase rent 5% each year, resulting in a new base rent. some of our leases increase according to the increase in the consumer price index (CPI).  what does it say in your lease? normally in leases it should say "rent will increase each year by...." however sometimes it can be vague like "rent will increase yearly".
439635
There are a few factors that go into the calculation per tenant, but typically it should be in the 8%-12% range.  The lower the percent the less risky.\n\nMany factors will need to be considered depending on what use you are trying to use this ratio for.\n\nLong term NNN properties with a 10yr + lease generally can have a larger initial percentage of sales ration, but the average ratio over the length of the lease should be considered.\n\nAnother factor to consider is profitability.  Some restaurant concepts are more profitable and thus can support a higher ratio.\n\nStrength of tenant/concept is another consideration.  A brand name corporate guaranteed lease can afford a 15% ratio vs a 'mom and pop' which you'd want to see at a lower ratio...\n\nThe list of factors to consider really depends on what you are looking at this figure for.  The lending rates and subject property's value can be affected by such a ratio.\n\nHope this helps.
552739
Yes, often and have sold them...\n\nYou need to take into consideration the property type when it comes to value.\n\nA single family home occupied by a tenant will be less valuable to a home buyer if they are considering occupying the property.  But, that same property might be desirable to an investor because of it's appreciation potential and it's cash flow.\n\nApartment buildings are typically the same.  Most investors are interested in the cash flow of the property as well as potential for them to raise rents according to the rental market, aka Upside.\n\nIn the end, investment decisions with rental properties are made according to their ability to monthly service their expenses with premiums paid for income/appreciation growth potential.
400908
First and last month's rent\nSecurity deposit\nSometimes utilities
929082
The answer is No!. The contract can only be binding when it is exchanged. If you are having doubts and no longer prepared to purchase the property. Instruct your solicitors immediately not to exchange. You might however still neet to meet part of your solicitors cost for the work he/she might have done so far.
760293
The tenant pays you to use your house.  It is his home while he pays your rent.  He can ruin it or improve it.  He can be a good neighbour or a bad one.  It should be a mutually respectful business deal.\nBut yes, get a contract and stick to it!
759667
No. It is under foreclosure because the tenant, who does not own it, could not pay for staying there. If the tenant says here is proof (bankruptcy filing) that I can not pay for it that will not stop the foreclosure. The auction is the bank trying to deal with the owner's foreclosure. It has nothing to do with the tenant.\n\nIf you meant the owner living there, not a tenant, he has lost any rights to the house at foreclosure so it is not an asset that is part of his bankruptcy so again there is no impact.\n\nIf there was a prayer that an owner could avoid foreclosure or have enough money to buy the property at auction that is long gone. It just doesn't happen in real life.
1073154
There are so many possible "pitfalls" that I can't begin to describe them here.  Most commercial leases I've seen are 30-40 pages of single-spaced typing on legal size paper.  That means an awful lot of possible pitfalls.\n\nI recommend that you have the lease reviewed by an attorney before you sign.  The attorney will explain each of the provisions to you and may be able to negotiate some of those possible pitfalls with the landlord.
761795
No.  I know this is a hard idea to grasp, but once you buy property you have the right to use it, lease it, or sell it to anyone you want.  You do not have the right to buy the property unless you have a contract that states you do or a 'right of first refusal' contract that says you have the right to buy at a price equal to an offer in the future.
212254
If they are paying the rent directly to the landlord, then the landlord was notified when they moved in.  In that case, a new lease SHOULD have been drawn up with all three of your names on it and all three signatures.  Otherwise, YOU are taking full responsibility for any and all damages to the house.  Not a good idea.\n\nBut since yours IS the only signature and you are taking full responsibility, you are within your rights to ask them to vacate the property.  They have no legal rights to be there if they don't have a lease.
172687
Whatever notice is specified in the lease.  If you have a lease that doesn't require you to leave upon his sale, it would be binding on the new owner.
1073439
The answer is yes, but....\nIf anyone wants to buy the house they would have to honor the lease including the option to buy.  The rent to own contract will probably contain some language regarding your rights to exercise the option prior to the sale to any other purchaser.  The terms of your option to buy may or may not contain verbiage about the price and terms.  If the price and terms of you option are attractive enough, a buyer might want to buy the home at a lower price for cash hoping you will exercise your option at a higher price thereby insuring a reasonable profit.
1018884
It may be but there are somethings to consider.  FNMA will make the borrower qualify for the entire payment without counting the rental income unless the borrower has previous experience as a landlord.  If the rental income is allowed as income, FNMA will only allow a credit of 75% of the rental income to compensate for a 25% vacancy factor.
1108539
The entity that has the Last Right of Refusal has the option to purchase / lease / accept the deal, overwriting the initial bid.  For example, landlord leases 10,000 square feet of space to Widget company, and Widget has Last Right of Refusal on the adjoining space.  When ACME wants to move in next door, Widget always has the right to meet or beat ACME's bid for the space.\n\n(Contrary to first right of refusal, where Widget would just have to match ACME's bid for the space and win, with Last Right, ACME can up the bid in which case Widget can then match.)
338611
Because it's likely in the lease. Rent might be different if more people were living there. I know that if I'm to have a guest for more than 2 weeks I need to inform my landlord and get their permission.