i got a memo today that says: on monday we'll be making an ispection of all the apartments. the financial institution will be checking the general conditions of the buildings and verifying occupancy of the units. And it says i need not to be present.... they checked the apartments for "drugs and pets" a couple of months ago. i dont want a stranger looking through my stuff!
2007-12-15 08:20:01 · 7 answers · asked by chikis 6 in Business & Finance ➔ Renting & Real Estate
Don't worry, they could care less about your stuff.
He is either getting it appraised to refi it, or getting it appraised to sell it.
They just quickly come in and verify number of bedrooms, general building conditions and major damage. They will be in there less then a minute.
2007-12-15 11:30:22 · answer #1 · answered by Landlord 7 · 3⤊ 0⤋
The financial institution in question is probably a lender, indicating that the landlord may be refinancing the loan on the property. When such occurs, lenders want to verify owner claims of occupancy rates, as well as general condition of the units. Have no fear. These folks are NOT interested in your personal belongings. The most they will do is walk through your unit for about a minute or less, glancing for the obvious in terms of condition.
2007-12-15 16:28:06 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
They will not be looking through your stuff.
Their interest is, as the memo stated, the general condition and occupancy.
The fact of the matter is that in many states, the landlord has a right to enter to inspect as long as proper written notice was given.
2007-12-15 17:05:35 · answer #3 · answered by ? 6 · 0⤊ 0⤋
he more then likely is refinancing the apartment and the person that's coming over is the appraiser and is looking to see how much the building is worth before the bank does anything.
2007-12-15 16:26:00 · answer #4 · answered by george 2 6 · 1⤊ 0⤋
They are only interested in the structure. The owner is probably refinancing a mortgage.
2007-12-15 16:31:44 · answer #5 · answered by marie 7 · 0⤊ 0⤋
It means there is either a sale or refi loan pending. It does not concern "your stuff." It concerns the building.
2007-12-15 17:05:10 · answer #6 · answered by npk 7 · 0⤊ 0⤋
He's selling it!!!! If two men come in really nice suits there is your verificaiton.
2007-12-15 16:24:43 · answer #7 · answered by Anonymous · 0⤊ 2⤋