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On demand? Both tenants and landlords may have reasons for mtm rentals…but in the long run- it’s not in a landlords best interest. I don’t see it becoming more popular than the typical one year lease.

In the US, a person living in your unit will often be a tenant. You can have different relationships with your tenants. A house catty-corner across from where I live rents spaces in a two-apartment house, and has an individual relationship with each tenant. Here in Indiana, a judge would have no problem with evicting JUST that tenant. Failure to pay rent when due is an almost insurmountable bsignNow of a tenant’s obligations in Indiana and much of the US, and in Indiana you would usually be able to get a tenant out in say three to five weeks. I would go into court right away.It’s also possible to have a collective agreement with a whole group of people. There, one person is responsible for ALL of the rent, OR all tenants have to pay it by chipping in: either/or. If this is a “joint tenancy” of that sort, then the one tenant’s failure to pay is the failure of all of them to pay, and your remedy is to evict all of the tenants. [Of course, you can probably - at least in Indiana, and possibly much of the rest of the US - simply fail to go through with the eviction for the two or three tenants you DO like, and only boot out the one who’s the trouble-maker. It’s not discrimination - treating ne’er-do’wells badly and nice people nicely is not invidious discrimination under American law.]Sadly, in the second scenario above - but not the first - the judge might determine that you’ve been taking partial payments. If you’ve done it long enough, you have reformulated the contract, and you might be stuck for that period of time. To be safe, what you should do is just send a Notice of Change in Terms of Tenancy to all tenants [possibly by registered letter, though an email without a bounce-back might do just fine in many places] indicating that, in the future, no partial payments will be accepted. If the ne’er-do-well then continues not to chip in, refuse the rent from all parties; move to evict everyone; tell the good tenants that the action against them is only a formality; get the ne’er-do-well out by sheriff’s action; and let the good tenants stay under a new agreement.As a side note, when I was a landlord, I never rented person-to-person. I made groups of roommates - in the rare cases I accepted tenancies from them - sign a joint agreement.

From an Indian Perspective:You need to give a notice to your landlord as per the terms of your agreement as mutually agreed upon at the start of term. Please make sure you have sufficient provision for termination in the agreement, so that neither party faces hardship.Sometimes landlords accept a lower notice period if they find a tenant to replace you, so if you can find someone who will move in to the place, you can avoid giving a notice. Either ways you need to make sure that:Make sure all the relevant clauses(along with remedies) are in the agreement prior to signing it.Talk to your landlord if you have a genuine reason for moving out without being able to serve them a notice. You’ll be surprised at how accommodating people can be.If you want a easy to customize rental agreement at affordable prices and delivered home for your convenience, visit us at Lawbuddy andSave time and money by reducing lawyer fees.Be safe and secure for our documents are drafted by experts.

They may at a premium. Landlords do not like to keep re-renting the same places. It is a waste of time for the landlord and rough on the rental. There are apartments that will rent at a premium for a short term lease that reverts to a month to month. The minimum is usually three months.

Notice period will be same as your rent cycle as mentioned in the agreement. Ideally it means about the period before you are planning to vacate the premises. E. G. If you are planning to leave by mid-feb, you can tell the landlord in jan first week or dec last week if your rental month is as per the English calendar. This helps you because in case you are planning to leave in the middle of rental month, you can negotiate payment and settlement of rent towards excess stay

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You need to calculate the rental capitalization rate which has to be at lease 10% on the return on investment. The average rent is $950 on a single family house, minus $500 a month for taxes, insurance and a 6% mortgage on the average. Will leave you will $450 on each rental. To make $4000 a month, You would need 12 to 13 units because on the average 2 or 3 houses will be always empty = 12 houses you have to buy to make $4000 a month.Quora: Any website link I may or may not provide are "FREE" from spam, affiliate programs or other making on-line programs.

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