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For example, in Oklahoma, landlords must post a notice and send a certified letter, then go to court. Yonce’s experience is a cautionary tale about mixing business, friendship, and real estate .
A housing lease may specify whether the renter is living alone, with family, children, roommate, visitors. A rental may delineate the rights and obligations of each of these. For example, a "sub-let" to a stranger might not be permitted without permission of the landlord. This also applies to whether or not pets may be kept by the renter.
Payment in arrear is a payment made after a service has been provided, as distinct from in advance, which are payments made at the start of a period. [2] For instance, rent is usually paid in advance, but mortgages in arrear (the interest for the period is due at the end of the period). Employees' salaries are usually paid in arrear.
The landlord may make deductions for missing rent payments and for damages beyond ordinary wear and tear, which is the subject matter's depreciation or deterioration in value by reasonable and ordinary use by the tenant. Examples of non-deductible wear and tear include: paint retouching, minor cleaning, small tack holes, and nicks and scratches.
The average monthly rent for a new lease on a two-bedroom apartment exploded from 18,000 pesos at the end of 2019 to 334,000 pesos by January 2024—far exceeding the 210,000 pesos if they'd ...
A goodwill letter is a formal letter sent to a creditor, lender or collection agency to request forgiveness for a late payment or other negative item on your credit report. In the letter, you ...