Have tenants on property need to buyout their lease.  How do you calculate their worth?  Need to KNOW?
551811
The only person you need to convince on the calculation is the tenant.  your are on the right track for your math calculations.  i would think about it as if i was in the tenants shoes and figure out what he would make at that spot (your exact calculations).  Dont forget to add his costs to move, plus a little something for his time and headache.  This is how governments calculate compensation for condemnation cases ie widening of roads ect.  \n\nAnother way to calculate the value of the lease is to determine the market rent of the unit and compare it to contractual lease rent.  For ex. if market is $20,000 per month and Actual rent is $15,000 per month and you have 5 years 60 pmts left you can run a present value calcuation on that income stream.  For that example the present value of the $5K month stream at 6% rate of return is $258K.  this is how an appraiser would value the lease.\n\nagain please keep in mind what it is worth and what the tenant wants are often two different things.  wish you luck in you endeavor, when in doubt hire a local professional.
968278
unless there is a clause in the contract then you can legally do it by any amount you want but you dont want to scare your tenants away or make it unaffordable for them to be there. \n\nI would recommend between 10-15% however talk to your tennents first and make sure that this is within their budget. \n\nHave a look at www.rightmove.co.uk at similar properties and their rental value at present also look in talking to letting agents and see what they would advise.\n\nIt is much easier to keep a nice tennent in the property so dont be too harsh. Once the increase is in place present them with the new agreement and advise that this is due to inflation etc and write them a personlised letter with a break down of your reaserch etc, this will mean they are less likely to run a mile!
991392
Have you tried www.mrlandlord.com? They have all kinds of downloadable forms, as well as a calculator that tells whether or not a prospective tenant can really afford your rent. Good luck.
356773
So you obviously want to work with this tenant to be able to sell to them?  \n\nSay you add 10% interest on the total...that would be $71,500 due.  With a monthly payment of $600, it would take the tenant 10 years to completely pay you off.  \n\nI would suggest selling it outright to someone with credit.
100893
The other two would frist have to agree with the exchange in ownship. And the new tenant would just take the other spot and they still would be joint tenant but if he transfered the ownship to one of the tenants the other two would be now tenant in commom
323919
I would suggest getting an up to date valuation from the company which initially valued the property at 50 to 60 k more. If the valuations are miles apart suggest that you would like to take the valuations to arbitration or contact the valuers institute and ask them for advice.
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.
561266
Yes, it is binding.  If you try to evict them, and they show the judge a valid lease document, they will not be evicted, regardless of who owns the property now, so long as the person who signed it had the authority to enter into the lease when it was signed.\n\nA lease cannot be unilaterally cancelled by either party.  Just as the tenant moving into another property doesn't cancel the lease, the landlord selling does not cancel the lease.\n\nIf you didn't know it was leased when you bought it, then you may have a case for damages against the seller, but you won't  be able to get the tenant out.
339331
Phone the company/bank/building society you invested with and they should be able to help you.\n\nAlternatively, if you are invested in funds and know the unit holding, you could look up the price of the fund on the company website or in the FT.
6044
To figure your return (ROI) (return on investment) Use the following:\nTotal rental income - expenses = annual cash flow\n\nannual cash flow / downpayment+ fix up costs = Rate of Return on investment.\n\nFor reasons to own investment property clik this link:\n\nhttp://www.garygeer.com/Why_You_Should_Invest/page_542147.html
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.
1145544
No, the tenants do not have to leave. If you purchase this property, you are buying it "subject to the current lease(s). In other words, all of the current owners rights and obligations under the lease would be transferred to you.\n\nYou or your attorney need to carefully examine the lease before you sign anything. If the tenant is on a month to month lease, you can request that the seller give them a 30 day notice to vacate, but you run the risk that the tenant may do damage to the property.\n\nAlso, in your purchase contract, make sure that rent amounts and any security deposits are listed so they get transferred to you at closing. Best of luck!!
684829
Your deposit would have transferred over to the new leaseholder, the current owner.  He is responsible for the deposit.  Make sure you keep receipts and copies of checks that show what you paid.
1176219
Sadly the two of you are together in the lease, so it is very important when sharing a rental that you rent with someone you know very well and can trust ( also someone you would be willing to pay thier share if they don't or if they move out on you)\n\nYou can ask the court for a new date but you have no way to get out of the court date without merely paying the landlord the money owed or working out a payment plan
526348
In 30 days you run the risk of foricble evicture from the Sherrif's Office.\n\nThe landlord may also be able to seize all of your personal items and sell them for any moneys owed in lease costs.\n\nDon't mess around.
622177
Are you at the planning stage or are you buying in? In order to manage you must know your tenants. Who are weak and who are strong. Everyone wants to make money and if your tenants can not afford the rent than you maybe the problem. Rents, Mortgage payments, Loans, Cash Flow all are responsibilities of the manager. Do your research and do not ask for advice on the Internet. TOO many people depend on you.
738926
simple math.\nlike if rent is 600/month and gets paid on the 1st of the month. the renter moves out on the 13th how much does the landlord owe him? u would than divide the 600 by 30 days, then take the sum and multiply it by 17days and thats what the landlord owes to the tenant.\n\nthe math really is easy.its the laws thats hard to understand