In the rent of self-employed business, scammers resort to various gimmicks to fill their property. You must do your homework to make sure you don't become a victim of small words or ambiguous words that are often seen by scammers. contract.
This is a regular gimmick, through some rent to their own scammers - they advertise a low monthly payment, just to surprise you and print extra fees in the contract.
"In addition to rent, taxes, insurance and homeowners' association fees and assessments, tenants will be charged quarterly, and the first payment due three months after the contract date [the delay for all payments not received on the due date is 15%] or monthly."
Read small fonts...
Did you know that the monthly rental of advertising for private homes in rented homes in the Orlando area does not include taxes and insurance, and the minimum monthly fee is $350 to $400.00?
What if you find this small $350.00 per hour $400.00 oversight after signing a contract and you have adjusted your budget to get the key to your dream home?
"20. Regain access and fees: If the agreement is specified before the date specified in paragraph 1, or if a 30-day vacated written notice is not submitted as required, the parties to this agreement agree that the landlord/agent will be considered In order to pay for the difficulty of determining the re-leasing fee, in order to pay the expenses including but not including advertising, bookkeeping and rental fees, we agree to the equivalent of the re-rental fee at that time. The monthly rent of less than 5.00 US dollars will be used as the liquidity of the above-mentioned expenses. Loss assessment to tenants".
Small prints destroy the dream!
Under this particular company's lease option agreement, you should choose not to exercise your purchase option, instead of submitting the letter within 30 days of vacating, you will be charged a "liquid damages" amount equal to the amount paid less than $5.00 per month.
"If a mortgage is obtained through a company other than XYZ, a fee equal to 2% of the loan amount will be charged and paid to XYZ".
If for any reason you choose not to hire this rental to an internal lender of your own company, you will be fined 2% of the loan amount.
What is the lesson?
Simple solution for nightmares
Please read all the instruments carefully before signing any documents. Although this seems logical, people are desperate to find a rental house to their own house, somehow throwing this important suggestion out of the window.
They seem to think they have to take unnecessary risks to find a good home in a nice community.
wrong!
If you don't understand every word you ask to sign, please pass it to your lawyer. Perhaps a sample clause in a real contract that appears in this report will not harm you emotionally or economically; however, if you don't know, each clause may surprise you and may harm you.
If the person who provided the home on the condition of renting the house refuses to allow you to review the paperwork, please leave the person's office - do not do business with that person.
Legal renting to your own family experts will not cause any problems with lawyers, family and friends reviewing paperwork.
Orignal From: Rent to yourself - rent your new Florida home - fraud alert - part 7
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