Sentences with phrase «takes a risk on tenants»

Just as landlords take risks on their tenants, tenants take risks on their landlords.

Just like the landlord takes a risk on tenants, tenants take a risk when renting a home that they know nothing about.

Landlord promises to take a risk on tenant, Cosigner promises to take the fall if landlord does so.

The cosigner is promising that the landlord can trust the tenant and asks the landlord to take a risk on the tenant, and promises that if he does and the tenant defaults, he will pay the debt.

Not exact matches

Without insurance, reimbursement costs would come from their pockets — and who wants to take the risk that their tenants may not have those savings on hand?

Compounding the risk for landlords under s. 57 is that if, within one year after the tenant vacates the rental unit, the designated person fails to occupy the rental unit within a reasonable period of time and the landlord lists the rental unit for rent; or enters into a tenancy agreement with another person; or advertises the rental unit or the building that contains the rental unit for sale; or demolishes the rental unit or the building containing the rental unit; or «takes any step to convert the rental unit or the building containing the rental unit» to a use other than residential premises; then, the landlord is «presumed, unless the contrary is proven on a balance of probabilities,» to have acted in bad faith in giving the notice and is therefore liable to the penalties provided for in s. 57 (3).

A landlord also takes on increased liability risks, due to the activities of both tenants and guests on the rental property.

Landlords often take on additional risks when they agree to open their properties to tenants and their guests.

Many more landlords are now placing this requirement on their tenants because they understand what risks are being taken by the renters when they aren't covered with proper policies.

A cosigner definitely takes a huge risk and on the surface, it seems like they should have tenant rights.

To keep tabs on assets that may be facing a higher than usual risk of default, Morningstar Credit Ratings, a Nationally Recognized Statistical Ratings Organization (NRSRO), follows a special formula that takes into account the assets» debt service coverage ratios, loan - to - value ratios, occupancy levels, maturity dates, tenant rollover expectations within a 12 - month period and the overall leasing conditions in the assets» metropolitan area.

Moms and dads now having to take on the role of property manager may not be prepared for the risks even seasoned landlords need to manage frequently; tenants that won't pay rent and refuse to vacate, serial trouble tenants that tie up landlords with appeals, complex collection laws that delay enforcement and a Landlords and Tenant Tribunal favouring tenants over rental property owners because the courts perceive landlords as big business owners with deep pockets.»

You may find that fulfilling a tenant's request may turn out to be less of an expense for you than turning over the unit and a taking a risk on a new tenant.

The biggest risk would be investing in real estate without knowing the risks, or just plain lack of experience.By investing through our program you are investing in experts who have done all of the research on the investment for you.We have mitigated every possible risk and through our program they are narrowed down to just a few: firstly, if the tenants walks away from the property.This is highly unlikely, since the tenant would also be walking away from their down payment as well a large sum of money they would have saved in a mandatory trust through the monthly lease option payments.Furthermore, if they do actually walk away, we have ensured that the property is in a sought - after neighbourhood and city, in which case we will find another lease to own tenant and take another down payment.Secondly, if the tenant is not able to qualify for a mortgage at the end of the lease term, we may extend the term until they qualify, or in a worst case, ask them to leave and find a new tenant.

I know when we were looking for rentals (private landlords only), they refused to allow us to have roommates due to the unrelated tenants law, as they were unwilling to take on that risk.

I do get some prospective tenants that are priced out or shocked when they hear the asking price but then when they see the place they almost always say, «damn, it's worth what your asking, I just can't afford it» I took a big risk in the ghetto on being able to find one person willing to live in the neighborhood and willing to pay the asking price and so far, it has been paying off big time for me.

It's just so much of a hassle to have a tenant that may be delinquent and lead to an eviction (often evictions can take 6 + months with no rental income coming in) that it's better to have a vacant property for an extra month than it is to take the risk and have a property generating no rental income for months - on - end and can't be re-leased because there's a tenant that you can't evict.