Apartments for Cheap

Questions and Answers

Your Questions About Townhouses For Rent

August 24, 2013

Richard asks…

How can I get out of my lease early without any termination fees?

I am moving to a different area due to a job change. I resigned my lease 3 months ago before knowing I would change jobs. My townhouse manager said that we have to pay for 6 months rent and then we can get out of the lease.
My dilemma is, my new apartment is more than double the amt i pay at my current house, and I have to pay a security deposit PLUS a first month at my new place PLUS 3 more months of my current rent….It’s SOOO much money.

Does anyone know if there are any laws saying I don’t have to pay the whole 6 months? HELP!

Administrator answers:

Like the 1st commenter said, the only real solution would be to find someone that will take over the remaining period on your lease. Generally though, termination fees are stated in the lease agreement you signed and are legally binding. There would just be too many people taking advantage of landlords if tenants could move out at any time without any recourse for the property owner.

However, you did say that you have 3 more months on your current lease, correct? I don’t see how your landlord can charge you 6 months of rent to break your lease when you only have 3 months left on it. If you cannot find anyone to take over your lease, just move out, hang onto the keys to your current apartment, pay each month of the 3 months left on your lease, and then return the keys.

Susan asks…

How can I find a townhouse to rent in the King of Prussia area outside of Philadelphia, PA?

I’m looking for a town house rental in King of Prussia, Collegeville, Blue Bell and anywhere in between. I have had very little success with craigslist and everything I’ve been finding is apartments. Would I be better have a real estate agent help or is that a waste of money??

Administrator answers:

Craig’s List in a good place to get an idea of rents and value for the dollar. If I were you, when I was ready to make the leap, I would get in touch with a realtor. They can get the most recent listings to you quickly so you don’t miss out. I have never rented a place through a realtor but I have listed my condo with a realtor for rent in the past and always had good luck (knock on wood). As far as a waste of money, I believe the landlord pays the agents fees, not you. When I listed they took a percentage of the rent as the fee… A quick call to an agent could confirm that though. Best of luck to you!

Sharon asks…

How much do you pay for rent?

and what are you paying for? 2 bdrm, studio, house?

Administrator answers:

I’ve paid $550 for a 1brm in atlanta surburb
$675 for a 2br apr in a Atlanta suburb
$850 for a 2br townhouse in a atlanta suburb
$850 for a 1br apt outside baltimore, md

Maryland is high

Michael asks…

How are rents in New Jersey so small compared to the high taxes and to the high property prices?

A rented townhouse in the same complex was recently put on the market for 365K, the rent for that unit was $2100/month. My math says there is no way the place was making money, further proving to me that it is smarter to rent in NJ because of the high prices and taxes. Does anyone actually own and rent property in New Jersey and make a profit? How??

Administrator answers:

This depends on where the property is located. New Jersey is a long state that runs from being across the river from NY in the North down to Delaware in the south. On it’s west it has Philadelphia and of course the east is the Atlantic Ocean.

There are varied economies that border NJ enough to influence it’s own economy and will affect home prices. For example, in South Jersey homes are very reasonably priced. You can easily get a place that has at least a 1/4 acre of land with 3 bedrooms and 1+ baths for around $200k. If you travel deeper into the state you can get much more for less.

This is a far cry from some of the areas in the north that border NY. Home prices there are reflective of the economy of NY as many people work in NY and travel to NJ to live. In NY it is common place to purchase a property with the expectation of losing money on the rent each month. It’s the way the local economy works.

Lastly, you are wise to check out the rental prices against the purchase prices to see what is a better option. Which is smarter, however, depends on your thinking. I would never rent a property from anyone else unless it was absolutely the only way I could survive. Renting only builds up equity for someone else. Why would I want to do that? I prefer to build up my own equity.

Charles asks…

What are good website to look for rooms to rent ?

I moved in Philly over a week ago, but I have no clue what is a good area to look for under a tight budget. I went on Craigslist to look for rooms but they all were in messed up areas, and I ask a cop and he told me don’t ever look room or housing from Craigslist. So what are good sites to look for rooms.

Administrator answers:

Pick up a copy of your local daily newspaper. The Sunday edition will often have the most comprehensive classified ads. If your community has alternative or free weekly papers, get copies of those, too.

Scan the classified ads. Newspaper classifieds often have separate categories for apartments and rooms for rent. Have an idea of how much you want to spend for rent, what areas of town you’re willing to live in, and what kind of amenities you require — say, laundry machines or a place to park. Look for ads that meet your criteria.

Contact the person who took out the ad. It’s a good idea to check the place out before committing to rent, so schedule a showing.

Visit the classified ads section of the newspaper’s website if you don’t find any good offerings in print. Newspapers sometimes have new ads online that have yet to make it into the printed paper.

Visit Roommates.com. This website has a database of tens of thousands of people looking for roommates in hundreds of cities across the country.
Search for a room. You can join Roommates.com for free as a member, or just do a quick search for rooms for rent. Under the “QuickView” tab on the homepage, select “I Need a Room,” then select your state, then enter your city.

Look over the search results. Each result will include the gender and age of the person renting the room, whether he or she is a smoker, the location of the room, the type of dwelling (such as townhouse, condo or single-family home) and the amount of rent. You need to be a member to view more details and contact information.

Read more: How to Find a Room for Rent | eHow.com http://www.ehow.com/how_5427541_room-rent.html#ixzz24yO8c2Th

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