My apartment has sent around a memo saying that at the renewal of my lease, I will have to purchase renters insurance or be evicted. Everyone in the complex is being sent this memo. Is this legal?
2006-11-23 13:34:04 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The key is that they are not requiring it before lease renewal. It will be a condition of staying. They can pretty much condition the lease on anything they can find enough renters to agree to.
Now, renters insurance isn't terribly expensive, and has benefits to you and the landlord. I suspect it's going to cost you about $15 per month, get a quote somewhere. Look at it as if it were a rent increase, and make your decision whether to accept it or not.
What renters insurance does for them is protect against damage done to their place by your pets, or a fire you cause, some other things. What it does for you is protect you if a guest of yours is injured on your property, cover your belongings if there's a fire or burglary, some other things.
They sell renters insurance to a lot of people that aren't required to have it by their lease. You should get a rate quote and find out what good it does for you. It's not necessarily a bad idea.
2006-11-23 14:12:41 · answer #1 · answered by open4one 7 · 0⤊ 0⤋
Yes, it's perfectly legal. They are altering the terms and conditions of your lease agreement and that to upon renewal. You can either accept the change and buy renters insurance or refuse and be evicted.
See: http://rentersinsurance.nightbirdssolutions.com/quotes.html or http://rentersinsurance.nightbirdssolutions.com for quick quotes.
RE:
Can my apartment complex force me to purchase renters insurance?
My apartment has sent around a memo saying that at the renewal of my lease, I will have to purchase renters insurance or be evicted. Everyone in the complex is being sent this memo. Is this legal?
2014-11-04 01:17:53 · answer #2 · answered by Anonymous · 7⤊ 0⤋
Yes, it's legal.
They are changing the terms and conditions on your lease. You have two choices ... accept the change and get insurance or refuse and be evicted.
Renters insurance is not considered an unreasonable change to a lease, so your chances of winning if they go to court to evict you are close to zero.
You should have a policy anyway. What if there is a fire or something? Renters insurance is very cheap. You can get the smallest policy they sell with the highest deductible they offer for the cost of two or three mocha lattes a month.
""They cannot make an ammendment to the lease later and demand that you sign it" ...... Wrong! You only have the right to refuse what is called a unreasonable change. An unreasonable change would be if you had a dog, a washing machine, use of the yard, etc ... for years and now they changed their mind. You have every right to refuse a change that is unreasonable. There is nothing unreasonable about wanting property to be insured.
2006-11-23 21:45:19 · answer #3 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
particular, this is authorized. they are changing the words and stipulations on your hire. think ofyou've have been given 2 thoughts ... settle for the substitute and get coverage or refuse and be evicted. Renters coverage should not be considered an unreasonable substitute to a hire, so your opportunities of helpful in the event that they bypass to court docket to evict you're quite lots 0. you've a coverage besides. What if there's a hearth or despite? Renters coverage could be very much less high priced. you will get the smallest coverage they sell with the least complicated deductible they supply for the fee of two or 3 mocha lattes a month. ""they won't make an ammendment to the hire later and demand which you in basic terms sign it" ...... incorrect! You best have the right to refuse what's prevalent as a unreasonable substitute. An unreasonable substitute could be in case you had a dogs, a bathing laptop, use of the backyard, etc ... For years and now they switched over their mind. think ofyou've have been given each precise to refuse a transformation it somewhat is unreasonable. there isn't something unreasonable approximately desiring property to be insured.
2016-10-13 00:13:24 · answer #4 · answered by fanelle 4 · 0⤊ 0⤋
Only if it's in the lease that you signed. They cannot make an ammendment to the lease later and demand that you sign it, so if that's the case and you don't want the insurance, don't sign it.
If it was in the original lease, and you signed it, then Yes, you are obligated to purchase renters insurance.
2006-11-23 13:36:42 · answer #5 · answered by sdkramer76 4 · 0⤊ 0⤋
It really depends. Did you sign any kind of agreement when you entered the lease? What state are you in? Your best bet is to consult a lawyer who is familiar with the laws in your state.
For what its worth, in Florida it has generally been upheld that condominium and homeowners associations have the right to enforce restrictions on there residents.
2006-11-23 13:38:31 · answer #6 · answered by discmiss1 3 · 0⤊ 0⤋
I would say it depends on your state but for the most part, yes. If they put it in the lease as part of the terms and conditions, failure to comply is grounds for lease termination.
Its not that expensive and definitely worth it in case your neighbor decides to start smoking in bed.
2006-11-23 13:36:57 · answer #7 · answered by pumbakitty 2 · 0⤊ 0⤋