feel free to call 09056000005

Best Renting Tips

Signing a lease on an apartment or a house is a big commitment: It means you’re legally committed to paying a set amount of rent for a specified amount of time. If you don’t cough up that regular cash, there will likely be some sort of penalty to pay. While the terms vary according to landlord and state, a one-year lease is the most common.

But here's the thing: A year can be a long time. If you have trouble thinking about where you might be next week, let alone 12 entire months from now, the idea of a month-to-month lease may seem way more appealing. But are month-to-month leases really as ideal as they sound? Here’s what you need to know before you sign on the line that is dotted.

Benefits Of A Month-To-Month Lease For Tenants: All you nomads, mind-changers, fly-by-the-seat-of-your-pants types, this may be the way to go for you, as month-to-month leases provide the ultimate in flexibility. You don’t have to put down roots, and you can decide on a monthly basis if a place is right for you.

Benefits For Landlords: For landlords, month-to-month leases aren’t as ideal, since they aren't guaranteed a whole year's worth of rent. However, they can be helpful if they’re tight on cash and having difficulty finding a long-term tenant. In most situations, it is always better to have an occupant than a vacancy, in order to keep the cash flow going with Naija Houses.

The Risks Of A Month-To-Month Lease: The downside to all that flexibility for renters, however, is that your landlord has that same flexibility. So even if you’re digging your new digs, he or she can tell you your time is up any given month, leaving you in a position where you have to act fast to find a new place to hang your hat. It also means your rent amount is only locked in for a month, so your landlord can increase it at any time, for any reason.

How To Find A Month-To-Month Lease: So how do you go about finding a month-to-month lease, given that they’re not typically advertised? Shwetz says your best bet is with apartments, as most single-family homeowners are not willing to rent month to month.

Similar Topics

Moving to a new house can sometimes be a pain in the neck, considering that you have to prepare a...

4 months ago Read More

Real Estate salespeople and other licensees who are required to work for and under the umbrella of...

11 months ago Read More

1. Start small. Although I’m a businessman first, I've always been a part-time real-estate...

11 months ago Read More

1. Oversized BedNo matter how tempted you are to buy an oversized bed, please don’t do it....

11 months ago Read More

      When it comes to real estate, the ideal time to sell your home often...

a year ago Read More

If a sudden job transfer is in your future, a little pre-planning can help make...

a year ago Read More

Most people would not consider buying a home without an agent. In any given year, only about 10%...

a year ago Read More

Decorating your bedroom isn’t all about buying expensive furniture and splashing them all...

a year ago Read More

Every property owner wants to get the largest effect possible out of their domestic upgrades....

2 years ago Read More

In an excellent international, actions could match up perfectly. Your present hire could quit the...

2 years ago Read More

Real Estate Trend #1: Homes Are Selling Faster Than Last Year: In February 2018,...

2 years ago Read More

Signing a lease on an apartment or a house is a big commitment: It means you’re...

2 years ago Read More

How To Sell Your Home Before It Officially Hits The Market, need to recognize the name of the game...

2 years ago Read More

Benefits Of Using Buyer's Agents A purchaser’s agent will guide you through the house-buying...

3 years ago Read More