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FAQ

When there is an option (for residential lease/rental) for monthly, annual, or semiannual billing if someone chooses monthly, is it legal to charge a processing fee to collect monthly rental charges in the state of California?
I’m not aware of any regulation in CA against convenience fees.Since most residential rents are collected monthly, charging a fee for monthly payment seems out-of-keeping with typical rental practices and doesn’t sound like a feel-good situation for the tenant. Instead, how about offering a discount for paying in advance (an incentive) rather than a fee for paying monthly (a penalty)?Reward the behavior you want to encourage.
California Rental Law: How much notice is my landlord required to give on a month to month contract on a place we've leased for over a year?
If all of the occupants have lived in the home for at least one year then California does require 60 days written notice to terminate a month to month lease. I don't think verbal notice will cut it according to the state handbook.However, only 30 days is required if he has a contract to sell and is in escrow. There are a few more requirements on his part to qualify for this exception. Is the place currently on the market?You could wait for the six weeks to run out and then request 60 days written notice but you're just inviting problems with the landlord.My advice would be to offer to pay extra to keep the rental until you need it. A couple hundred extra a month for 6 months might be all the incentive he needs but keep in mind he's probably trying to sell before winter so he might not go for it at any price.If he agrees, get it in writing. Don't rely on his word.If he refuses, look for an alternate solution. There are usually corporate housing options in most urban and suburban areas.Good Luck!Domenick | AccidentalRental
Is it possible to get out of a Residential Lease that I signed 4 months ago for a one year agreement?
I am a landlord and also a licensed broker. Aside from simply trying to negotiate with the landlord to break your lease early, there's nothing you can legally do to break it and not be on the hook for the remainder of the lease term. HOWEVER, if you abandon the premises, the landlord has a legal obligation to make his/her "best effort" to re-rent the property out. If the landlord finds a new tenant, then you are off the hook from that point on. Any months during the lease where rent was not paid and the landlord didn't have a new tenant in place, you'll be on the hook for. If you choose not to pay those amounts, the landlord can pursue civil action against you to recover them.Whether your landlord will actually follow the law and make a reasonable effort to re-rent the property out really is determined by whether you were paying above/below market rate for the place, and/or how easy it will be for the landlord to come after you to recover that money.The one thing the landlord can not legally do is collect double rents (i.e from you and a new tenant).
How do I create a fillable HTML form online that can be downloaded as a PDF? I have made a framework for problem solving and would like to give people access to an online unfilled form that can be filled out and downloaded filled out.
Create PDF Form that will be used for download and convert it to HTML Form for viewing on your website.However there’s a lot of PDF to HTML converters not many can properly convert PDF Form including form fields. If you plan to use some calculations or validations it’s even harder to find one. Try PDFix Form Converter which works fine to me.
If you want to make a million won or two a month in passive income by renting out rental properties in South Korea, how much seed money do you need to buy the rental properties?
Hi there! Chel here from JS Investment & Development where we specialize in Korean real estate investments.It is a very late response, but! If you invested 4 years ago, now would be the time to sell the property at a higher price.Why?The South Korean government is quickly taking actions on rental properties since the housing cost for Koreans have risen too much while the demand is still there. The 8.2 policy for example now recommends homeowners to own only one property at a time by levying high tax rates.Also, the vacancy rate is slowly starting to increase overall in Korea since housing properties along with commercial properties are becoming a product of speculation.Meanwhile, the land real estate sector is flourishing with x2~x30 returns.Email me for more information on Korean real estate or Korea overall! ,)cwkim0100@gmail.com
I need to pay an $800 annual LLC tax for my LLC that formed a month ago, so I am looking to apply for an extension. It's a solely owned LLC, so I need to fill out a Form 7004. How do I fill this form out?
ExpressExtension is an IRS-authorized e-file provider for all types of business entities, including C-Corps (Form 1120), S-Corps (Form 1120S), Multi-Member LLC, Partnerships (Form 1065). Trusts, and Estates.File Tax Extension Form 7004 InstructionsStep 1- Begin by creating your free account with ExpressExtensionStep 2- Enter the basic business details including: Business name, EIN, Address, and Primary Contact.Step 3- Select the business entity type and choose the form you would like to file an extension for.Step 4- Select the tax year and select the option if your organization is a Holding CompanyStep 5- Enter and make a payment on the total estimated tax owed to the IRSStep 6- Carefully review your form for errorsStep 7- Pay and transmit your form to the IRSClick here to e-file before the deadline
Can rental agreements in NYC require a minimum term of occupancy? So this would mean they have the ability to raise rent every month and change lease terms, but the tenant is bound to stay or lose their security deposit?
Not specifically addressing New York . . . but your question actually is broader than that.Can rental agreements require a minimum term of occupancy? Yes. They all do. That’s the term of the lease, whether it’s for 6 months, a year, or something else. If you break your lease (for instance, leave before the lease is up), then you put your security deposit at risk. Further, the landlord can come after you for any losses that might not be covered by the lease. That’s how leases work.Plus, a growing number of jurisdictions are imposing minimum lease terms to prevent a rental unit from being used as an AirBNB. Condo associations, coops, and landlords are also imposing such limits.Could they raise the rent every month? The rent can’t be raised during the course of a lease unless the lease specifically says it can be. For example, if you rent a property for 1 year at $2,000 a month—and you both sign—then the rent can’t be raised for a year. There are some multi-year leases (let’s say a 2-year lease) where the lease itself might say that the rental amount beginning in year 2 will be $2,100. Or it might say that the rent will be adjusted upward by the rise in the Consumer Price Index. In those cases, the increase is built into the lease, and that’s legal. Your rent couldn’t be raised every month unless you were on a month-to-month lease.Could they change the lease terms? No. It’s the same as the monthly rent. It’s consistent throughout the term of the lease unless the lease itself says that the terms will change.The tenant is bound to stay? No more or less so than the landlord is bound to rent to the tenant. It’s a bilateral (2-say) agreement. The lease stays in effect. OK, the tenant has agreed to stay for a year. He/she is bound to stay. But, equally, the landlord has agreed to rent to the tenant for a year. He/she is also bound by the agreement.
I never received any type of payroll forms when I was hired at my job a month ago, was I supposed to or do I find them myself and fill them out?
It is your employer's responsibility to provide you with the I-9 form and to complete it--within your first three days of employment--after you've completed the first section. Technically, they probably shouldn't allow you to work without a completed I-9, they are also putting themselves in the position of being out of compliance with the I-9 retention requirements. If they were audited, they'd be fined for not having the proper forms on file.Neither the W-4 nor the A-4 is required in order to pay you. The IRS wants you to fill it out (and so does Arizona, I'm sure) but if you haven't, that doesn't prevent you from being paid. The employer can default your withholding to Single with 0 exemptions for Federal, and for AZ the default is the 2.7% rate.If it has been more than 10 days since the end of your pay period and you still haven't been paid, your employer is breaking the AZ labor law regarding timely payment (and depending on specific circumstances, they could be in that position only 5 days after the end of the pay period). In that case, you might want to consider filing a complaint with the labor board.Note: Since you commented elsewhere that you're only 16, I'd also add that it's probably in your best interest to obtain and submit the W-4 and A-4 forms. Your tax liability for the year is likely to be quite low (and possibly 0) so you'll probably want to adjust the amount that's being deducted, rather than defaulting to the higher withholding rate and letting the IRS/State of AZ be your no-interest bankers until next year.