Renter’s Rights: Getting Out of a Lease

September 7, 2010

Finding and moving into a new apartment takes a lot of work, time, and money. It is supremely frustrating when after all this hassle the new apartment has all sorts of problems, especially after paying a security deposit, first month’s rent, and fees to a broker.

In this week’s Apartment Guru, Bitten and Burned paid out a sizable amount of money for her new apartment, but when she went to move, she discovered that the apartment has a flea infestation and severe water damage in the kitchen. Instead of moving in, she took pictures of the apartment and then compared them to the pictures of the apartment when she went to see it with her husband.

Go to http://wwfefw.rentedspaces.com/2010/09/03/how-to-get-out-of-the-lease-for-a-flea-bitten-water-damaged-apa/ to read Apartment Guru’s advice, and go to Neighborhood NYC at http://www.neighborhoodnyc.com to find your next home.

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One Response to “Renter’s Rights: Getting Out of a Lease”

  1. aha Says:

    This is a great article for anyone that’s looking to acquire real estate and hold it for the long-term. Quite a few years back, I was in the same boat and I went out and acquired a portfolio of approximately 20 residential properties.

    The goal, of course, was to take advantage of leverage, tax breaks, OPT and OPM. I figured that if I wanted to be a real estate investor that I was going to have to take the plunge and acquire some property. What I found throughout my time as a landlord, however, is that there are other ways besides buying property to acquire valuable real estate at steep discounts.

    Private lending is a technique that plenty of master investors are currently using to acquire interests in real estate for pennies on the dollar. It might be worth some discussion here.

    Thanks for the well thought out and well-written articles!

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