2006-12-06 07:29:43 · 12 answers · asked by Engelits 1 in Business & Finance ➔ Renting & Real Estate
Yes you can but if you still have a mortgage the lender can be very awkward, they want to know everything. Can your tenant give a reference from previous landlord and a current bank statement? Plus they ask you to give the name of a "guarantor"?? etc, etc, for yourself. A bit tricky, but I just gone through it all. Please feel free to e.mail if you'd like some advice. xx
2006-12-06 09:45:58 · answer #1 · answered by RUTH M 3 · 0⤊ 0⤋
absolutely. more than half of people in America live in rented places and at least half those are single family homes or duplexes. However there may be local codes or covenants in any specific area that restrict this. If there are no restrictions where you are then get a simple book on landl9ording at library check references, not just where they are now but a couple of previous residences. Current landlord may give g reference just to get rid of someone. Check personal references and verify employment and criminal history. You want a deposit plus first and last month rent. Deposit should be a bit more or a bit less than the monthly rent so they can not claim it = another month to stay free. These checks can cost $25-50 and you can charge an application fee to cover that. Sometimes people will take the first and last mo and let them make payments on deposit. Get more info in writing than you think you could ever need and verify more than you ever think you need to. Make it very clear that 10 days late automatically means eviction notice. Check your local laws for when you can actually file the eviction court fee is cheap compared to the cost of n0on paying property damaging tenant and that is part of what deposit is for. Sounds heartless but unless property is fully paid off you need the rent to pay the mortgage
2013-10-08 03:19:20 · answer #2 · answered by A F 7 · 0⤊ 0⤋
Yes a landlord can rent Residential property, in fact I am living in a residential property owned by a private landlord.
2006-12-06 07:41:46 · answer #3 · answered by CT 6 · 0⤊ 0⤋
Of course! Most landlords do rent residential property
2006-12-06 07:31:47 · answer #4 · answered by Emma K 2 · 0⤊ 0⤋
Information is missing from your question (like where you are talking about)...absent a state or local law or say a zoning ordinance ...the answer is yeah
A landlord by definition rents property (residential or commercial)
Why on earth would you think they couldnt?
2006-12-06 07:33:00 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Have you tried calling the Police? Let them know that it is your property and you don't know what is going on inside since they will not allow you in. You need to build a paper trail so when you appear in court you will be able to show that you've tried making contact with them and they have not cooperated. It's a shame that the laws protect people like this. Good luck to you.
2016-05-23 01:30:45 · answer #6 · answered by Elizabeth 4 · 0⤊ 0⤋
Yes you can rent out residential property.
2006-12-06 07:31:57 · answer #7 · answered by Ollie 7 · 0⤊ 0⤋
The word Landlord itself suggests that there must be tenants, residential or commercial.
2006-12-06 08:04:04 · answer #8 · answered by Davy Crockett 3 · 0⤊ 0⤋
There are landlords for business and for residential. They can rent out houses, condos, town houses, apartments, trailers...
I guess I don't understand your real question.
2006-12-06 07:33:10 · answer #9 · answered by bellgoddess1 3 · 0⤊ 0⤋
yes
2006-12-06 07:31:39 · answer #10 · answered by spot 5 · 0⤊ 0⤋