Lease To Own/ Seller Finance
I have a client who is looking for a lease to own approx. 300k range. He is in SE Missouri. Here is his story: He have a business, 13 years, its there but no good, gov. levy 1/2 mil.(He was not a PG) He is now in a rental because he had to downsize from a 500k home to an apartment because the home was foreclosed on in January. He filed Bkrptcy chapt. 7, should be coming through this week. Wife just beat bout with Cancer and he really want to get her back into something better. He have partners that will be able to help him with down. Credit in the 400s. He now works for one of his partners dealership and will be back in the health aid business. (This is the type of business he have). He have partners that will be able to help him with down. Credit in the 400s.
[ Edited by maarich07 on Date 05/02/2007 ]
Late rent? That makes it easy. In NH a landlord can use an Unconditional Quit notice for repeated late payment of rent. This means no second chance, you are out of here in 30 days, period. However, you must have issued three pay or quit notices in the last 12 months. Hopefully you always issue one when rent is late- if not, it is a good idea to start.
NH and NJ are the only states that require just cause to terminate a month to month tenancy. Usually "just cause" is defined in the ordinance. In most areas with rent control, which also requires just cause for termination, substantially remodeling the unit, when it requires the tenant to move out, is just cause- but I would check NH laws on this.
You are on clearer ground with a lease violation. If your lease does not prohibit alterations and improvements without your permission, you now understand why that is a standard clause in most rental agreements.
Chris
jimandlacy,
Raising the rent as retaliation for a tenant exercising their rights is a good way to get into legal hot water. That said, if other tenants in the building are all still on leases, this might be a good time for a rent increase- at least it would maske up for the additional work needed to maintain the bushes. But if not, you would want to raise the rent of all the tenants not on leases to avoid being charged with retaliation.
Chris