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FAQs month to month residential rental agreement
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).
Is it a norm to pay one month's extra rent for breaking rental lease agreement in Bangalore (India)?Its not a norm.A term called “notice period”. This is the duration of time. This could be from 1 month to 3 months.As per notice period, you must inform your house owner in advance about breaking of rental agreement.Yes, few owners may demand one month rent if notice period is not followed. Just to incorporate the loss of rent for upcoming month.
When there is an option (for residential lease/rental) for monthly, annual, or semiannual billing if someone chooses monthly, is it legal to charge a processing fee to collect monthly rental charges in the state of California?I’m not aware of any regulation in CA against convenience fees.Since most residential rents are collected monthly, charging a fee for monthly payment seems out-of-keeping with typical rental practices and doesn’t sound like a feel-good situation for the tenant. Instead, how about offering a discount for paying in advance (an incentive) rather than a fee for paying monthly (a penalty)?Reward the behavior you want to encourage.
What's the best way to get a car for 6 months - short-term lease or a rental?six months: I would just buy a used car that holds its value like a Toyota or another popular model. I once bought a used Volvo station wagon , drove it for six months and sold it for more than I paid for it. I found it on Craigslist and it needed tires , oil change etc etc. I bought used tires and got it fixed up and the selling price more than covered the cost of the car and what I spent on it.You might be able to negeoiate a short term rental of a late model used car from an independently owned car dealer, like a lot that only sells used cars.Six months isn’t very long. Can you rent housing close to where you will be working or going to school and just use public transit? Then you could rent a car occasionally for trips or a weekend or two. This is very popular with “ city folks”I hope this gives you a few ideas. Good luck.
California Rental Law: How much notice is my landlord required to give on a month to month contract on a place we've leased for over a year?If all of the occupants have lived in the home for at least one year then California does require 60 days written notice to terminate a month to month lease. I don't think verbal notice will cut it according to the state handbook.However, only 30 days is required if he has a contract to sell and is in escrow. There are a few more requirements on his part to qualify for this exception. Is the place currently on the market?You could wait for the six weeks to run out and then request 60 days written notice but you're just inviting problems with the landlord.My advice would be to offer to pay extra to keep the rental until you need it. A couple hundred extra a month for 6 months might be all the incentive he needs but keep in mind he's probably trying to sell before winter so he might not go for it at any price.If he agrees, get it in writing. Don't rely on his word.If he refuses, look for an alternate solution. There are usually corporate housing options in most urban and suburban areas.Good Luck!Domenick | AccidentalRental
I need to pay an $800 annual LLC tax for my LLC that formed a month ago, so I am looking to apply for an extension. It's a solely owned LLC, so I need to fill out a Form 7004. How do I fill this form out?ExpressExtension is an IRS-authorized e-file provider for all types of business entities, including C-Corps (Form 1120), S-Corps (Form 1120S), Multi-Member LLC, Partnerships (Form 1065). Trusts, and Estates.File Tax Extension Form 7004 InstructionsStep 1- Begin by creating your free account with ExpressExtensionStep 2- Enter the basic business details including: Business name, EIN, Address, and Primary Contact.Step 3- Select the business entity type and choose the form you would like to file an extension for.Step 4- Select the tax year and select the option if your organization is a Holding CompanyStep 5- Enter and make a payment on the total estimated tax owed to the IRSStep 6- Carefully review your form for errorsStep 7- Pay and transmit your form to the IRSClick here to e-file before the deadline
Is there any permission form that green card holders need to be fill out to stay for more than six month in India?Although 6 months stay may not be an immediate problem, if your situation looks ike you take up residence in India for some reason, you may lose your green card. So, I strongly suggest reading this PDF document from USCIS:https://www.uscis.gov/sites/defa...