I'm going to be moving out and theres a condo for 57,900. Estimated $270 payment a month...is there anyway I can rent this..because I'm not going to be there long enough to own it.
2007-12-21 13:26:20 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The owner might be glad to rent it to a responsible person, particularly if the property has been on the market a long time. But keep in mind that your interests might differ considerably. The owner might want to rent until he can sell it, not instead of selling it. So you might find yourself renting a place that is subject to visits by real estate agents and prospective buyers. You have to allow reasonable access to the premises and it can be annoying. You could lose the property had have to find another place to live if the new owner wants to move in. However, you will have the right to stay until the end of your lease if you have one for a specific length of time. You might want to specify that the property will not be offered for sale and you will not have to show it to agents and buyers during the term of your lease. So talk to the owner by all means, but come to a clear understanding of what the future will hold. Come to an agreement that will work for both of you and put it in writing.
2007-12-21 14:05:42 · answer #1 · answered by artwhiterealtor 3 · 1⤊ 0⤋
there is no harm in tracking down the owner and offer to rent it.
btw, condo likely has property taxes, insurance, and association fees in addition to the mortgage payment, so you almost certainly can't get it for only 270 a month. 600 or more seems much more likely.
GL
2007-12-21 21:32:29 · answer #2 · answered by Spock (rhp) 7 · 4⤊ 0⤋
If the association permits rentals, contact the owner.
2007-12-21 21:36:24 · answer #3 · answered by tampabaycreditdoctor 3 · 3⤊ 0⤋