Unemployed Tenants of Homes for Rent Get Relief

July 22nd, 2009

Tenants of homes for rent need not worry too much about losing their home when they lose their money. A lot of homeowners and renters are getting unemployed. As a result, people are unable to pay their home mortgages and their rent. This would result to foreclosure and eviction. In Connecticut, this situation can be prevented, especially for those who are occupying rental homes.

Northland is one of the pioneers of this effort to protect renters from being kicked out of their homes for rent. Through the Rent Assurance Program, renters can leave their rental homes when they are unable to pay for it anymore. This lets tenants get out of the trouble of having to pay for the rent when they lose money involuntarily, like when they lose their jobs.

According to Diane Yensen, Northland’s apartment division head, renters now need not worry about leaving an apartment and worrying about lease once they lose their job. This program is a sign that the rental market has improved and has continued to remain strong in spite of the economic recession. In Connecticut, there are around 1,700 rental units.

Under laws in Connecticut, landlords are not allowed to set fees for termination that other owners of rental homes in other areas can do. In Northland, rent ranges from $750 to $3,500 every month. Typically, tenants sign a one-year lease.

Occupants of homes for rent in the area are already registered in the program. However, as of now, there are no takers of the program. No one has availed of it yet. Eligible for the program are new renters and those who are renewing their renter’s lease.

It is believed that this program will benefit not only those renters who lost their jobs, but also homeowners, and the economy as a whole. It would help a renter, and it would help landlords. Experts and organizations are in fact expecting that this program would increase occupancy, and not lower it. At this time when nothing seems sure, people are getting more careful in making a new decision, especially about their houses. Now, there can be more people attracted to getting homes for rent because of this new program.

Rental Homes and Owned Homes Should Be Balanced in Iowa

July 15th, 2009

Iowa City is home to the University of Iowa. Because of this, there are a lot of rental homes in the area. A lot of doctors, professors and students rent out so that they can be near to their work or to their school.

However, over the years, there has been an increase in the number of rental homes in the area. As more and more houses shift from being occupied by families to ones shared by classmates and colleagues, the city finds itself in an unhealthy living condition.

For instance, there had been more garbage in the area, unmaintained houses and lawns and porches. With this, the city is pushing for better balance between owner-occupied units and rental houses. In fact, some officials in the city are pushing for some regulations to be approved. They are currently looking at a program that would offer low-interest loans aimed at helping homeowners who have rental units near the campus. Financial incentives would also be given to people who would buy homes and live there permanently.

UniverCity Neighborhood Partnership would also provide a stricter enforcement of regulations. A proposal that has a budget worth $200,000 is under way. This could help in paying off rents for homes, and could also contribute to the improvement of some rental homes.

This move is not aimed at kicking out renters in the area. Instead, it is aimed at just balancing the occurrence of rental homes and of those occupied by families and the actual owners. Now, there are areas with two thirds of rental homes. Officials are aiming for a healthy balance, a 50-50 proportion.

City officials are also aiming to avoid a perception that there area is full of poorly maintained rental homes that are occupied by student ghettos. This is a trend that now concerns not only officials, but also homeowners in the area.

The proposal is expected to be acted upon by the City Council as soon as possible. There are a lot of benefits for the city once this plan is approved. Outward image is a very important factor for a city, and a wrong perspective of the city would have a lot of negative effects on the residents.

Military Occupants of Homes for Rent Get Protection

July 14th, 2009

The administration of newly elected President Barack Obama has been continuously taking their best efforts to protect homeowners against the threats of foreclosure. Particularly, military homeowners are given attention, especially those who are currently occupying homes for rent.

According to a Defense Department, the bill named Protecting Tenants at Foreclosure Act of 2009 was recently signed and approved as a law that protects renters against foreclosures. Under the law, military occupants of rental homes should not be kicked out without the right process when the house they are staying in is suddenly foreclosed.

Military renters in every state in the US would now be given more time to find new houses for rent if ever the one they are currently staying in gets foreclosed. According to Army Col. Shawn Shumake, the Pentagon’s personnel and readiness office’s director of legal policy, a very large number of military service members are renting in houses for rent. In fact, only around 25 percent of service members have houses of their own.

Shumake further adds that there are actually a lot of military renters who are currently in difficult situations about their houses for rent. The new law actually protects them and gives them more rights as renters. Before, protection was very limited. Some had individual state protection, while others did not have any at all. The new law made it uniform for all renters to now be more protected and have more rights. More specifically, the law gives a renter 90 days to find a new house for rent if in case the one they are currently living in gets foreclosed.

This law is only one among other laws directed to make sure that military service members are protected and well taken care of. Their jobs and their lives require them to move from state to state, so a lot actually look at renting as the best way to live. Another law directed at protecting military men is the Joint Federal Travel Regulation, which actually defines the benefits that retired service members would get.

These laws give peace of mind to military renters who were previously unprotected. Among a lot of people in the country, they are the ones who need to be protected and given the bet rights and privileges. These laws and regulations can be considered as things that go well together and enhances the lives of the US military service members who are occupying homes for rent.

San Francisco Aims to Protect Occupants of Homes for Rent

July 9th, 2009

San Francisco currently has the most expensive fess for homes for rent. However, with that also come a lot of renters’ protection laws. From rent control to eviction, a renter can feel safe and protected in San Francisco.
This year, San Francisco has already passed four laws that aim to strengthen the protection it has [...]

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Occupants of Houses for Rent Gets Backed Up by Congress

July 8th, 2009

The Congress is set to make a change in foreclosure laws, as they move for renters in foreclosed properties to be protected from being homeless. In several states across the country, such as Illinois and Missouri, landlords of houses for rent do not have the obligation to notify the occupants of their houses in case [...]

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Buying Homes for Rent

July 7th, 2009

Purchasing homes for rent and other rental properties is a good way to make your money grow. This is a good investment for you. However, you have to make sure that you know all the information you need. Here are points you have to consider when you are purchasing homes for rent:

Find a house for [...]

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Landlords, Renters and Houses for Rent

July 6th, 2009

Homeowners of houses for rent have to deal with a lot when they are renting out their properties. On the other hand, renters also have issues with landlords who do not seem to understand their needs. There are always two sides to each story, as they say, and houses for rent are no exceptions. But [...]

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Protest Against Rental Homes Taxes

July 3rd, 2009

The City Council’s budget hearing in Tucson, Arizona was well-attended. Even before the meeting on Tuesday started, the 500 seats were already full. Other 200 people were gathered around the hall, around the walls, and in the lobby of the Tucson Convention Center. All of them wanted to have a say on the issues governing [...]

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Living with Pets in Houses for Rent

July 1st, 2009

A lot of renters nowadays are turning into pet lovers. As a response, landlords and owners of houses for rent are loosening their pet policies. This was according to a report from Apartments. Com. If you have a pet and you are renting, it is best if you take note of some important reminders. Here [...]

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Taking Advantage of Houses for Rent

June 30th, 2009

At this day and age, you have to be wise in everything. If you are one of those tenants living in one of those houses for rent, you should be able to live your renter life to the full. Here are some pointers that can help you in your life as a tenant:

Prepare your reference [...]

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