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COLORADO RESIDENTIAL LEASE AGREEMENT 1 GRANT of LEASE Form
What makes the colorado residential lease legally binding?
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FAQs
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Is it possible to get out of a Residential Lease that I signed 4 months ago for a one year agreement?
I am a landlord and also a licensed broker. Aside from simply trying to negotiate with the landlord to break your lease early, there's nothing you can legally do to break it and not be on the hook for the remainder of the lease term. HOWEVER, if you abandon the premises, the landlord has a legal obligation to make his/her "best effort" to re-rent the property out. If the landlord finds a new tenant, then you are off the hook from that point on. Any months during the lease where rent was not paid and the landlord didn't have a new tenant in place, you'll be on the hook for. If you choose not to pay those amounts, the landlord can pursue civil action against you to recover them.Whether your landlord will actually follow the law and make a reasonable effort to re-rent the property out really is determined by whether you were paying above/below market rate for the place, and/or how easy it will be for the landlord to come after you to recover that money.The one thing the landlord can not legally do is collect double rents (i.e from you and a new tenant). -
How common is it to have tenants pay some or all of the operating expenses? Would they normally pay a lesser rent if the lease agreement had them pay OE? Use a 100k 2 bed 1 bath house for example.
I've seen it done, but not a great idea. You're involving additional parties, potentially adversarial in the future, directly in the guts of your business. At the very least, you're releasing potentially useful information for no gain.Say your arrangement is something innocuous sounding, that the tenant takes care of the yard work in return for reduced rent. Maybe things are just fine for the first few months. Maybe 14 month later, you get served a lien on the home for weed abatement expenses from the county, because the novelty of yard work wears off quickly.Maybe your arrangement is that the tenant pays for HOA dues. A couple of years later, you get served a lien on the home out of the blue for non-payment of fees for a half year. Why? Because the tenant needed to cut expenses and HOA fees just aren't a priority. You complain to the HOA. They show you the three warning letters, the last one delivered in person - to the tenant. -
How can I get out of my lease in Toronto? I signed a residential lease for a condo unit. It has been unofficially finalized. I haven't received any communication as of yet. I am due to receive the keys in 2-3 days. Is there anything I can do?
You should contact a licensed lawyer or paralegal in Toronto who is familiar with residential tenancy law and who can provide you with proper legal advice. Don’t depend upon “advice” from random strangers on the Internet. -
How do I report and claim a portion of the rent I collect? The house is provided by my grandmother. The lease agreement goes to my mother and sister. We rent out the extra rooms, and I take a portion of it. Can we report separately?
This question is so complex and requires looking at any original documentation from grandmother on ownership of the property. You would need to talk to a tax expert to find out the logistics of portioning out the rent as well as determining the tax liability for each. It would be better to have one tax person do the breakout and give each of you an amount of income to report and then have the tax person determine your tax liability. This is a very complex question and the answer would be best asked and answered by a tax expert who has seen the paperwork on the rental/lease and the income.Do not rely on Quora to give you the best advice. This is a PERSONAL tax issue. -
How do I lower my lease? The original amount was $1,500 but I negotiated down to $800. I rent out a couple of parking spots from a local mall where I wash cars. I think I'm still paying too much. I'm barely on my 3rd month.
You may not like this answer, but you can't. You see, a Lease is a legal Agreement. A contract. A pledge. A promise. Which you signed your name to. You are obligated to honor it, even if you changed your whim and now decided you don't like the decision you made previously.Reverse the question: Would you be ok with it if the Landlord decided after just 3 months to double your Rent, just because he felt like he could? Of course not.Now what you should do is simply wait until your Lease is up and either move to a different location (presumably with lower rents) or try to negotiate in good faith for different terms for your next Lease.Also, bear in mind that many factors go into a Lease… not just Price. (So maybe, taking all factors into consideration, the Lease isn't as bad as you thought…?)Good luck.
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