The low interest rates and double-digit appreciation in the housing market a few years ago have given way to declining home prices, higher rates, more foreclosures, and higher credit standards. Homeowners who need to relocate or want to move are finding it impossible to do so without taking a loss. Many are considering renting their homes until the market rebounds, and this book is for them. The Accidental Landlord helps readers determine if renting is a viable option, and if it is, how to go about the process of being a landlord until it makes sense to sell. In it, readers will learn how to: determine if it makes financial sense to rent, assess whether or not they have what it takes to be a landlord, decide between the various rental options available, explore different types of rental agreements and decide which is best.
First-time renters and seasoned renters alike will be grateful for this volume, which covers the legal rights of tenants through every stage of the housing process. From dealing with rental agents and issues of fair housing and discrimination, to the rights one has once a lease is signed, this guide clearly spells out the rights as well as the responsibilities of those renting property. The final stages of 'tenanthood' are also covered in depth, including renegotiating the lease, breaking the lease, obtaining security deposit refunds, and dealing with eviction.