All Forum Posts by: Joe Xie

I am buying a rental property at Bay Area with rental control has a tenant who is on month to month lease with selling landlord. I am planing continue with the term's the selling landlord. This is my first time to get a property with tenant, not to mention in rental control area so I come here for advice on following questions: 1. Do I need write a new lease or just a rent estoppel certificate refer to the old lease the tenant with the seller? 2. If I need a new lease, my agent suggested I refer to the old lease. But how do I refer to the old lease (I plan to honor all old lease teams ) in new lease? I plan to use exactly same write up as old lease, but then where and how I can refer the old lease? 3. Escrow will be close early next month, should I put 7/1 as start of new lease or 1/8? Or the date of the escrow close?

Alex Capozzolo just learned that the current landlord did not register and pay Rent Stabilization Ordinance fee. What is this mean for me? Could I be forced to back pay the fee since the tenant in the unit (2012)? How people can get away not paying it (mean what would be the consequences not paying it)?

Deanna McCormick thanks for the suggestions, will go get the laws to read.

I am buying a rental property at Bay Area with rental control has a tenant who is on month to month lease with selling landlord. I am planing continue with the term's the selling landlord. This is my first time to get a property with tenant, not to mention in rental control area so I come here for advice on following questions: 1. Do I need write a new lease or just a rent estoppel certificate refer to the old lease the tenant with the seller? 2. If I need a new lease, my agent suggested I refer to the old lease. But how do I refer to the old lease (I plan to honor all old lease teams ) in new lease? I plan to use exactly same write up as old lease, but then where and how I can refer the old lease? 3. Escrow will be close early next month, should I put 7/1 as start of new lease or 1/8? Or the date of the escrow close?

James H. I have other tenants do direct deposit, but they never ask me to go through the process. I have used an email to pay one of HOA through Chase and no need do micro deposit.

Mark I. You are correct. I just verified. Thank!

Paul Ronto thanks. I just take a look my account (account A) which is linked to my another account (account B) through these micro deposits verification in a different bank. I can not only transfer fund to that account ( from Account A to account B), I can also require a fund from that bank (account B) to transfer to my account A. Scary.

John D. Shelly Doris Mark Gallagher Mark I. Dylan B. Thanks guys! I will check each way out. As we are on the topic, anyone knows what could be the problem if I let her know the deposit amount?

Thanks Mark I. This is why make me suspect at first place. I am sure she is not trying to go harm but just do not know how to set up correctly.

Mark Gallagher Thanks. She already have my account information 4 years ago. What intermediary are you talking about? How much do they charge?