All Forum Posts by: Lou Migliaccio

The lease says nothing about pro-rating rent. We are in a month to month lease. Can they just pro-rate if they want? I really do not want to get my lawyers involved.

I have one month rent and a security deposit. She informed me last night at 9pm that she is leaving and told me to use the rent deposit to pay for November and asked if I could use the security deposit for the 11 days she is renting in December.

Yes. She said that in the original lease it was stated as 45 days but since we are month to month it doesn't matter. Isn't December technically her last month since she is leaving the 11th? She is claiming that November is. The last FULL month is November but she is staying until December. I really do not want to get my attorney involved so I am trying to get some solid answers here. 

Samantha. I need to know if they are responsible for the entire month of December or just until the 11th which is when they want to leave?

I'm not following your comment. 

Hi everyone. So today at 9pm I received a email that the tenant was terminating their lease. They have been renting for a few years from me and we recently went month to month with the agreement that I receive 45 days notice. So, tomorrow the rent is due and she told me today that they are giving notice. Also she said they would like to move out Dec 11. Are they responsible for the entire month? Can they give that short of notice regarding termination and not paying the rent?

Yes, but I don't think it would be worth the expense to do so.

If I did a Refi for 15 years @ 3.6% (I am 12 years into the mortgage now so I would shave 4 years off)the payment would be (including tax and insurance) $1379.00 compared to 1230.00 right now. If I did a 30 yr loan @ 4.25 my payment would be $1104.00. As far as rent, I could probably push it to $1500.00.

@Garrett KoernerBest bet is to go with a wood look porcelain tile. Hardwood will require maintenance throughout its life. Go with a un-rectified in order to save money on installation.

@Tyler Standish

Usually you'll get approved for the loan but will have an issue with insurance regarding the roof. If the roof has a few years left which is determined by inspection you should be fine. The inside could be ugly as can be as long as the parts are there.