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Property in Super - New legislation now allows Self Managed Super Funds to borrow to invest in residential, commercial or industrial property. This is a major break through for investors as it gives them the chance to leverage into property with low or even zero cash flow cost. (no affect on your personal cash flow)
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RETIREES face a potential freeze on their superannuation accounts to prevent them from withdrawing all their savings in one lump sum.
As more baby boomers hit retirement age, industry experts said superannuation companies could soon have more money being taken out by retirees than is being put in by workers. The "negative cash-flow" would leave funds no option but to limit withdrawals, Towers Watson managing director and former AMP CEO Andrew Boal said.
Menzies Financial Planning Senior Planner Geoff Madafiglio believes this will happen sooner than people think.
"If people want to take out all of their money at once then many funds will have to limit or freeze withdrawals while they sell some more of their assets to free up more cash," Mr Boal said. "The problem is that funds have a lot of money tied up in 'illiquid' investments such as commercial property or infrastructure, and you can't get your cash out of those holdings overnight."
There will be a 33 per cent increase in the number of people retiring between now and 2014.
Geoff will be speaking about this and how you can take control of your Super on the 6th of Dec at a Special Superannuation Briefing on the North Beaches, Menzies Financial Group head office
Stuart Barton of Challenger Financial Services believes the majority will want immediate access to all savings.
"People have been waiting all of their lives to get their hands on this cash and various studies have shown most people take all of their money out as soon as they can" he said. "The majority of cash is taken out to pay off the mortgage or buy an investment property, even to give to kids or go on big holidays."
Mr Barton said there was now broad consensus between industry, government and academics that laws were needed to put an upper limit on how much can be withdrawn from super in one go.
"A cash limit would be unpopular," he said. "But remember much of the money in a super fund belongs to taxpayers, so the government has a right to ensure that the super system is fulfilling its purpose and making people self-sufficient in retirement."
Demographic economists Macroplan Australia CEO Brian Haratsis said Australia was reaching a crisis point.
"This is going to get a lot worse in a few years because the workforce will be retiring with much larger amounts of cash than they are now, and that will place a much greater strain on super funds' liquidity," he said.
Association of Super Funds Australia CEO Pauline Vamos said fund freezes cannot be ruled out, especially if the global economy takes a turn for the worse, and that the superannuation system could not allow everybody access to all of their cash indefinitely.
"I don't believe liquidity will be a problem in the next three years, it is more likely to come in five or six years - unless we get another GFC."
Article by Nick Gardner (The Daily Telegraph) and commented on through out by Geoff Madafiglio from Menzies Financial Planning
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by Paul Clitheroe IPAC
Average savings rise – good news
If you’ve given the mid-year sales a miss in preference for holding onto your money, you’re certainly not alone. Recent research by ING Direct found that Australians are saving in droves, tucking away an average of $313 each month. And it’s not part of a get rich quick plan. The same survey found worries about the economy are the key motivator for people to save.
I’m not convinced the Australian economy is about to collapse any time soon, in fact by world standards it’s doing well, but the fact that we’re saving more is good news.
Victorians take the gong as the nation’s top savers, adding, on average, $373 to their savings each month. At the other end of the scale, South Australian households are saving around $222 per month – still a good result.
Retailers may be lamenting the lack of cash flowing through their tills, but it certainly isn’t doing our personal finances any harm. One of the key steps in building wealth is spending less than you earn to free up cash for saving and investing.
But it’s not always easy to save, especially if there isn’t much fat to trim from the household budget in the first place. The ING Direct survey also found that 41% of households are saving less – not more, and among these, 59% of people blame the rising cost of living.
Don’t be discouraged if you can’t afford to match the national average of $313 in monthly savings. It’s the commitment to regular savings that makes the difference, and a strategy of ‘save a little, save often’ can be very successful.
Let’s say you save $1 a day during your working life, how much will you have at age 65? Well, if you can average 6.5% on your savings, which is very achievable with plenty of online savings accounts, $1 a day saved from age 20 to age 65 should be worth around $93,000. Five dollars saved a day can grow to $464,000. There’s no magic here, just a sensible savings strategy and compound interest.
Hang on though – you (like me!) may not be 20. So how does it work for us with a few more years under the belt? Well, when you’re older, hopefully you can save more. Let’s say you can save $10 a day. In 25 years time it should be worth over $222,000. Even with only five years of savings, $10 a day should grow to around $22,000.
The point I want to make is that the amount you save is important. However getting into the habit of saving even small amounts of money will still see you build a valuable nest egg of cash over time.
Do give some thought to where you invest those savings. If you want stable, secure returns, you can earn around 6.5% with some online saving accounts, or around 6.3% on a 12-month term deposit. Shares have historically outperformed cash over longer periods, and a managed share fund is an easy way to get started in the sharemarket. Many of our large financial institutions offer a range of managed funds, some require a minimum investment of just $1,000 – but do check the fees.
Average savings rise – good news
If you’ve given the mid-year sales a miss in preference for holding onto your money, you’re certainly not alone. Recent research by ING Direct found that Australians are saving in droves, tucking away an average of $313 each month. And it’s not part of a get rich quick plan. The same survey found worries about the economy are the key motivator for people to save.
I’m not convinced the Australian economy is about to collapse any time soon, in fact by world standards it’s doing well, but the fact that we’re saving more is good news.
Victorians take the gong as the nation’s top savers, adding, on average, $373 to their savings each month. At the other end of the scale, South Australian households are saving around $222 per month – still a good result.
Retailers may be lamenting the lack of cash flowing through their tills, but it certainly isn’t doing our personal finances any harm. One of the key steps in building wealth is spending less than you earn to free up cash for saving and investing.
But it’s not always easy to save, especially if there isn’t much fat to trim from the household budget in the first place. The ING Direct survey also found that 41% of households are saving less – not more, and among these, 59% of people blame the rising cost of living.
Don’t be discouraged if you can’t afford to match the national average of $313 in monthly savings. It’s the commitment to regular savings that makes the difference, and a strategy of ‘save a little, save often’ can be very successful.
Let’s say you save $1 a day during your working life, how much will you have at age 65? Well, if you can average 6.5% on your savings, which is very achievable with plenty of online savings accounts, $1 a day saved from age 20 to age 65 should be worth around $93,000. Five dollars saved a day can grow to $464,000. There’s no magic here, just a sensible savings strategy and compound interest.
Hang on though – you (like me!) may not be 20. So how does it work for us with a few more years under the belt? Well, when you’re older, hopefully you can save more. Let’s say you can save $10 a day. In 25 years time it should be worth over $222,000. Even with only five years of savings, $10 a day should grow to around $22,000.
The point I want to make is that the amount you save is important. However getting into the habit of saving even small amounts of money will still see you build a valuable nest egg of cash over time.
Do give some thought to where you invest those savings. If you want stable, secure returns, you can earn around 6.5% with some online saving accounts, or around 6.3% on a 12-month term deposit. Shares have historically outperformed cash over longer periods, and a managed share fund is an easy way to get started in the sharemarket. Many of our large financial institutions offer a range of managed funds, some require a minimum investment of just $1,000 – but do check the fees.
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Australia’s economy is experiencing the biggest transformation in 50 years but innovation rather than protectionism is needed, Industry Minister Kim Carr says
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From Australian Broker News. Written by Adam Smith
Vendors trying to sell properties at prices above the current weak market demand are "wasting everyone's time", a property analyst has stated.
With housing demand and credit growth sluggish, SQM Research managing director Louis Christopher has urged vendors to have more realistic expectations. He told Australian BrokerNews the Melbourne market in particular currently has an oversupply of housing, and that many vendors have yet to adjust their expectations to this.
"A lot of stock on market is not selling. It’s just piling up. Lots of vendors are still trying to sell at an inflated asking price. That’s meant less sales have been achieved," Christopher said.
Christopher stated that, as of the end of July, the Melbourne market had 43,000 listings. He said this was a greater overhang of stock than the previous record set during the GFC in 2008.
"It’s going to take awhile to clear this overhang. We’ll need a sudden increase in demand to absorb it all. We saw a little bit of this back in ’08 when Sydney had a bit of overhang. It went very quickly as buyers snapped up some properties and sellers took others off the market," he remarked.
But sellers have yet to react to this, Christopher said. He said unrealistic price expectations were leaving many vendors "frustrated", and urged vendors to either readjust their expectations or remove stock from the market.
"Vendors who really aren’t that keen to sell and have properties listed above the market are foolish, because they’re wasting everyone’s time and money. They’d be far better off either meeting the market or withdrawing their property," Christopher commented.
With increased buyer access to valuation and research tools, Christopher said vendors can no longer get away with inflated asking prices.
"The days of finding some poor sucker to pay an inflated asking price are gone," he said.
Vendors trying to sell properties at prices above the current weak market demand are "wasting everyone's time", a property analyst has stated.
With housing demand and credit growth sluggish, SQM Research managing director Louis Christopher has urged vendors to have more realistic expectations. He told Australian BrokerNews the Melbourne market in particular currently has an oversupply of housing, and that many vendors have yet to adjust their expectations to this.
"A lot of stock on market is not selling. It’s just piling up. Lots of vendors are still trying to sell at an inflated asking price. That’s meant less sales have been achieved," Christopher said.
Christopher stated that, as of the end of July, the Melbourne market had 43,000 listings. He said this was a greater overhang of stock than the previous record set during the GFC in 2008.
"It’s going to take awhile to clear this overhang. We’ll need a sudden increase in demand to absorb it all. We saw a little bit of this back in ’08 when Sydney had a bit of overhang. It went very quickly as buyers snapped up some properties and sellers took others off the market," he remarked.
But sellers have yet to react to this, Christopher said. He said unrealistic price expectations were leaving many vendors "frustrated", and urged vendors to either readjust their expectations or remove stock from the market.
"Vendors who really aren’t that keen to sell and have properties listed above the market are foolish, because they’re wasting everyone’s time and money. They’d be far better off either meeting the market or withdrawing their property," Christopher commented.
With increased buyer access to valuation and research tools, Christopher said vendors can no longer get away with inflated asking prices.
"The days of finding some poor sucker to pay an inflated asking price are gone," he said.
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Posted Date: 5/20/2011
Rental growth has overtaken house price growth. In the year to March, rents rose an average of 7.6 per cent in NSW and 6.5 per cent in Victoria, according to management firm Run Property, which looks after 18,000 properties on Australia’s east coast.
There was growth beyond 10 per cent in Sydney suburbs such as Kogarah, Glebe, Chippendale and Randwick, and Melbourne suburbs such as Armadale, Oakleigh and Brunswick. Rental growth in Queensland was much more modest, averaging 2.8 per cent.
Run chief executive Rob Farmer said: “Competition is over the top for rental properties, pushing the vacancy rate to less than 1 per cent in many areas.”
Cameron Kusher, a research analyst with RP Data, said rental growth had been negligible for two years but there were signs that was turning around. “As price growth comes out of the market, lending for housing slows and we’re seeing less and less new stock coming out of the ground, there is obviously more competition for available rental stock,” he said.
Chris Martin, from the NSW Tenants Union, said rents in NSW had been rising faster than incomes for the past five years. With high population growth and low supply, tenants had ways of moderating rental growth by methods such as share housing but now they were “packed to the rafters”. “Rents have been rising faster than the cost of living and wages, but they haven’t been rising like the selfinterested spruikers predict,” Mr Martin said. (AFR)
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Good advice. Surveying areas of the city is a key piece of horwmoek when looking to invest in real estate. We are a , and in addition to the advice you have we find it beneficial to compare average rent prices within the city and to drive through neighborhoods to eliminate troubled areas.
Posted: 27-Sep-2012 09:16 AM | Syahri | 
There was a gas leak at the apt. complex where I live. The gas co. was out for 3 days, digngig in the front lawn by the street. Then Sat. and Sun. came along, and of course nobody was working on it. Monday a plumbing co. came and finally we had hot water by evening. My question is for 6 days we had only ice cold water. That meant for showers, washing dishes etc.. Since the dryers are run on gas we didn't have use of the laundry room either. They provided 1 apt. (that was being renovated) in a building across the complex, to shower in if you wanted to lug your shampoo, towels and clothes over there with you. This was supposed to accomodate about 100 people. You could use other buildings laundry rooms, again if you wanted to take everything with you. This particular week we had 30 to 40 degree weather along with high winds, thunderstorms and plenty of cold rain. They had also turned the heat off 2 wks. earlier because it was the beginning of May, so we should open our windows and enjoy the nice weather . This is Ohio, 2 nights ago we had hail and a frost warning! My point is we all suffered through, but since we are paying rent for shelter, heat and hot water do we have to pay for those 6 days?RESPONSE: If the conditions were so bad that it forced you to move out then you would have a pretty good argument for getting reimbursed for hotel expenses, etc.
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Posted: 27-Sep-2012 07:12 PM | hevilue |
If the OFT or a Judge is making a disiceon on unfair/unenforceable terms in an agreement, then the first thing they'll consider is whether the agreement is unbalanced by a clause that unfairly benefits one party to the detriment of the other. On that basis, forcing teh tenant to take out rent insurance does seem a bit one sided and I don't think anyone would expect this to be included as a core term of a standard tenancy agreement. However, if you really wanted to do it, you could just have it as a separately negotiated clause. The Unfair Terms in Consumer Contracts Regulations (1999) do not apply to separately negotiated clasues. You would have to make it clear this was indeed negotiated separately, e.g. send a separate letter before the agreement is signed discussing the clause and asking for their separate written agreement to it.
Posted: 27-Sep-2012 07:28 PM | Kobie |
If he's signed up the tnanecy agreement then the tnanecy has started and the Landlord is obliged to give him vacant possession of the premises. That's injunctible I'd say damages an inadequate remedy, balance of convenience, etc.If he's let to someone else to thwart this he may also be able to claim for possession against the new tenant under Love & Lugg v. Herritty and possibly even an IPO as they've entered the property without the permission of anyone who could legally give that permission and thus are trespassing? In any event the frustrating of an injunction by reletting should surely sound in damages and I'd suggest the daily rate as if it were an illegal eviction myself.
Posted: 27-Sep-2012 08:45 PM | Marian |
I suppose one worry for Kevin is that he doesn't want to llgaley force' his way into the property because that would be just about as bad a start to a tenancy as is possible! Plus he may not be able to in any case, as I guess it's quite likely that the Landlord has given the tenancy to someone else.If either of those circumstances are true, then I guess compensation would be the only alternative. What would Kevin have to prove to claim compensation for higher rent? Presumably he can't just go and rent a penthouse flat somewhere and claim the additional for that?!Nigel
Posted: 27-Sep-2012 11:01 PM | Mazen |
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Posted: 29-Sep-2012 03:56 PM | Essie |
We are a family of four (children ages 4 & 6) and will be arriving in Cuenca about October 26. We’d like to have a furnished rental for just 1 to 2 months within 10 minutes walk of city center for $700/month or less. Available Internet is desirable, of course. We’ll be looking for a longer-term rental while there. (We may also be interested in purchasing property but aren’t sure of that yet.)How do you charge for helping us find a rental?Thank you.Matt Scherr
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Posted: 02-Oct-2012 09:33 PM | Jeneva |
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Posted: 02-Oct-2012 10:20 PM | Kalie |
I’m looking for 3 to 4 bedroom furnished condo to rent for a month, between July and August, very close to market and bus stop.High floor, with nice views, terrace or balcony is a plus.TV with some English speaking channels and Internet connection.How much are your fees?Thank you,Elena Argeris
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Posted: 07-Oct-2012 05:25 PM | Gracelynn |
I’m looking for 3 to 4 bedroom furnished condo to rent for a month, between July and August, very close to market and bus stop.High floor, with nice views, terrace or balcony is a plus.TV with some English speaking channels and Internet connection.How much are your fees?Thank you,Elena Argeris
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Posted: 07-Oct-2012 05:25 PM | Gracelynn |
your body looks great. not too slim not fat.. looks very healthy. stay focused and stick with it.. continued progress, you see your imperfections but you looking good,, dont slack.. stay focused.. fitness is part of life and I’m glad you are making moves.
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Posted: 09-Oct-2012 09:07 PM | Jacoby |
thank you so much for teh encouragement i am soooo bringing it on P090x it feels nice to have someone notice everyone around me swear am still the same so i gets it will take a little longer before i see a drastic difference
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Posted: 12-Oct-2012 08:30 PM | Jacki |
Thank you for inviting me to your 50 year celebration. I thoroughly enjoyed the evening and your great hospitality and friendship. I was moved to see the way your vision for young people coming to faith and enjoying fellowship together has been the driving force behind your consistent efforts over so many years. I am grateful to have been a part of the church in the early years and I am sure that your genuine love and care and prayers for me have been a major factor in my present relationship with God and my Saviour, Jesus Christ. Thank you and bless you all for a really memorable evening and for the legacy you have exteneded to me of Christian care and love. Rhonda Murrey
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Posted: 14-Oct-2012 06:40 PM | Bayle |
Hi – just found this site – its great Just wondering about the 50 years celebration, are you going to put something up on facebook to let people know about it – this is the first I had heard – think there would be many who would like to hear about it, face book seems to be the way to get the word out these days Thanks Bel
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Posted Date: 5/17/2011
The Federal Budget was supposed to be the most important economic report released this week however, from a property market perspective it delivered very little. The only points of note affecting the housing market were: the skilled migration target has been revised upwards to 185,000 (from 168,700 the year before) and mostly focused on regional areas where workers are desperately required, $6 billion allocated to a regional infrastructure fund - most of this will be directed towards projects in Queensland and Western Australia to support the resources sector, and the 'Housing and Community Amenities' provision in the budget has been cut by $1.1b reflecting the conclusion of the housing initiatives introduced as part of the Government's response to the global financial crisis. Perhaps most notable is that there was no mention of changes to tax implications for property investors, specifically negative gearing and there was no plan to address housing affordability.
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Foreign citizens have aawyls been able to buy property in the US. But it does not give them a residency status. If you have a passport, you can get a visitor's Visa usually good for 3 month. If you are an EU citizen you do not need a visa, and you can visit for 3 month at the time. You can also apply for a Student Visa if you are accepted at one of our schools. But watch out for scams!
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Foreign citizens have always been able to buy property in the US. But it does not give them a residency status. If you have a passport, you can get a visitor’s Visa usually good for 3 month. If you are an EU citizen you do not need a visa, and you can visit for 3 month at the time. You can also apply for a Student Visa if you are accepted at one of our schools. But watch out for scams!
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Posted: 28-Sep-2012 04:23 PM | Patty |
Posted: 05-Oct-2012 07:47 PM | Nerice |
I think those of us who are not “natives” can see exactly what you see. The issue is changing the mindset of those who have become entrenched in the “machine”. Lockhart has to change, or it will continue to flounder. The leadership is complacent and seemingly uninterested in preparing for the future. By the next census, this will be a nice place where people used to live.The question then becomes, how do we affect positive change? There has to be some give on the part of leadership in order to have improvement. It’s a truth of life: In order for something to grow, something has to die.
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Posted Date: 1/25/2011
The Residential Tenancies Act 2010 was passed by Parliament in 2010 and the new laws will commence on 31 January 2011 which is just around the corner. Until then, the existing laws will continue to apply.
The new Act follows a comprehensive review of the existing tenancy laws and includes more than 100 reforms. Some of the changes include:
A Landlord has new disclosure requirement if the property is for sale, including 14 days notice to the tenant before the first inspection. Two inspections each week are allowed and the tenant can ask for a reduction in the rent for compensation for the inconvenience.
A one week holding fee may be payable by the tenant, and once this is accepted the Landlord is committed to proceed.
Lease preparation fees are no longer payable by the tenant.
Rental bond is capped at 4 weeks rent including furnished premises.
There is now protection for domestic violence victims including the right to change locks
Premises must be made water efficient if the tenant is to pay for water usage.
There are new grounds for immediate termination by the Landlord for serious criminal activities such as the manufacture and cultivation of illegal substances on the premises.
Alterations by tenants still require Landlords approval which cannot be unreasonably withheld for minor changes
Landlords can now ask information about co-lessee’s or sub lessee’s for part of the premises, but cannot unreasonably withhold consent.
A clause to require professional carpet cleaning at the end of the lease is prohibited unless pets are allowed.
30 days termination notice is now required instead of 14 at the end of a fixed term lease.
90 days termination notice is now required after a fixed term lease has expired.
After a tenant has moved out, rubbish and perishables left behind can be disposed of immediately, furniture and clothing must be kept for 14 days, personal effects such as bank statements and photos must be kept for 90 days.
Comments
hi
Posted: 15-Jun-2011 04:31 PM | Anonymous |
The effect of snveirg notice under a break clause is to end the fixed term at notice expiry.From the tenant's POV, this means that he can vacate at the expiry of his notice under the break clause and the tenancy/his liability for rent will end. Also, assuming it's an AST, the tenant's notice will prevent a periodic tenancy arising (s.5(2)(b)).From the landlord's POV, snveirg notice under a break clause is separate to the requirement to serve notice under s.21. Having first exercised the break clause, the landlord is then able to serve a s.21 notice expiring at the end of the newly-shortened fixed term. Break clauses are more often drafted to require the landlord to give two months' notice, so that the notice may, in addition, simultaneously fulfill the requirements of s.21 however, the notice under the break clause can be of any length, and served separately and prior to a s.21.Nothing in HA1988 prevents the tenant or landlord exercising the break clause during the first six months of the tenancy, but, as Tessa points out, the landlord cannot obtain a possession order to take effect earlier than six months after the start of the tenancy.
Posted: 27-Sep-2012 08:55 AM | Valentina |
I haven’t got access to my books at the mmoent but aim thinking it may even be considered an illegal eviction under section 1 of the Protection from Eviction Act 1977. I can't see how this would apply; it's about unlawful eviction of residential occupiers and Kevin isn't yet occupying so cannot be unlawfully forced to give up occupation. His tenancy doesn't start until he physically moves in; before then, it's just a contract for a tenancy. Having signed the agreement and being ‘good to go’ as it were Kevin is what is called a Protected Intended Occupier. As a PIO the property is lawfully his and he is being prevented from occupying. A TRO would take that on If you look at s.7 of the Criminal Law Act 1977 (Adverse occupation of residential premises), the offence is committed by the person trespassing; if the property is vacant I do not see how the LL can be committing an offence under this Act. And is it the local authority who prosecutes under CLA1977?
Posted: 27-Sep-2012 12:52 PM | Lyndie |
My building went into reicivershep after my 1 year lease was up. For the next 6 months, I was month to month with no valid lease. In May, I received a new lease agreement to sign, but had just made the decision to move into my mom's house which was empty since my sis passed away. I paid my final month's rent and sent my letter to the company right away saying that I would be moving out before the new lease agreement was due. The building manager told me all I had to do was clean out the place and leave the keys on the kitchen counter. I offered to let him do an inspection, but since he gave me the option, I just left the keys. We communicated by voice messages several times. I moved out the end of June. In the meantime, the building manager has failed to let the gas man in to turn off my gas meter and I am still getting the bill. In addition, it's been over a month and I have not received my deposit back. Do I have a right to my deposit? Do I have a right not to pay this gas bill?A. You need to talk to the gas company about terminating your account. You need to give written notice of your new address to the landlord only then does the clock start ticking on his duty to return your deposit or provide you with an itemization of charges against your deposit.
Posted: 28-Sep-2012 02:22 AM | Bagorio |
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Posted: 28-Sep-2012 09:18 AM | chwpph |
What if we only gave a verbal noitce of intent to move and mailing address for return of the security deposit? We were not aware of the legal requirement of written noitce. The landlord did return part of the deposit to the address we gave. Our original lease was for one year and we stayed for 6 years with only verbal renewal of the lease. During which time the property was sold so it is a different landlord. The landlord is now deducting money for painting and replacing window blinds. We also were not aware of the interest due on the deposit which was almost double the rent. It has been more than a month since we moved. Are we out of luck because of no written noitce? It's hard to believe these laws have been around for decades since no one seems to know about them. What's the point? Shouldn't there be a requirement to notify the renter of rights like there is in other matters. We just bought a house and had to sign a mountain of documents acknowledging notification of various things.
Posted: 29-Sep-2012 03:12 PM | Mariuza |
that he’d contact him tomorrow. I feel i should be on my best game and contact the inspector also tomorrow. My landlord has 15 days from the date of the citation to handle the problem and its already been 5 days. Ive read the many different cases with waiting proper time before just moving out of a property. But with something as annoying as a bed bug infestation, and with the power of a signed letter from the pediatrician i feel the 15 days that the city has given him is way more than enough due to the fact that i first informed him of the infestation way back on the first of the month. Its sad though that i have no way to prove that he’s known since the first of the month, but i also feel that the date of the pediatricians letter of diagnoses will definitely help to cover me in the case that the court would ever ssay i didnt provide sufficient time for the landlord to solve the problem. I just wanted to know what is the best plan of action because now im going to end up throwing out brand new furniture that ive barely sat on. Is 15 days enough of a notice to be able to just find a new place of residence and move out? Or do i have to stick it out for an extended amount of time. I have proof of rent, as do i also have a paid in full receipt for my furniture to prove that its barely old. Also should i directly contact the court now because i feel that he should not receive augusts rental payment. Please get back to me asap as i need to know what is the best course of action.A. You should have given your landlord written notice of the problem when it first occurred. You still need to give written notice and if nothing is done within a reasonable amount of time, you can escrow your rent, sue to compel the landlord to fix the problem or terminate your lease if the problem is serious enough under the law.
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Posted: 02-Oct-2012 08:39 PM | Dora |
that he’d contact him tomorrow. I feel i should be on my best game and contact the inspector also tomorrow. My landlord has 15 days from the date of the citation to handle the problem and its already been 5 days. Ive read the many different cases with waiting proper time before just moving out of a property. But with something as annoying as a bed bug infestation, and with the power of a signed letter from the pediatrician i feel the 15 days that the city has given him is way more than enough due to the fact that i first informed him of the infestation way back on the first of the month. Its sad though that i have no way to prove that he’s known since the first of the month, but i also feel that the date of the pediatricians letter of diagnoses will definitely help to cover me in the case that the court would ever ssay i didnt provide sufficient time for the landlord to solve the problem. I just wanted to know what is the best plan of action because now im going to end up throwing out brand new furniture that ive barely sat on. Is 15 days enough of a notice to be able to just find a new place of residence and move out? Or do i have to stick it out for an extended amount of time. I have proof of rent, as do i also have a paid in full receipt for my furniture to prove that its barely old. Also should i directly contact the court now because i feel that he should not receive augusts rental payment. Please get back to me asap as i need to know what is the best course of action.A. You should have given your landlord written notice of the problem when it first occurred. You still need to give written notice and if nothing is done within a reasonable amount of time, you can escrow your rent, sue to compel the landlord to fix the problem or terminate your lease if the problem is serious enough under the law.
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Posted: 02-Oct-2012 08:40 PM | Dora |
that he’d contact him tomorrow. I feel i should be on my best game and contact the inspector also tomorrow. My landlord has 15 days from the date of the citation to handle the problem and its already been 5 days. Ive read the many different cases with waiting proper time before just moving out of a property. But with something as annoying as a bed bug infestation, and with the power of a signed letter from the pediatrician i feel the 15 days that the city has given him is way more than enough due to the fact that i first informed him of the infestation way back on the first of the month. Its sad though that i have no way to prove that he’s known since the first of the month, but i also feel that the date of the pediatricians letter of diagnoses will definitely help to cover me in the case that the court would ever ssay i didnt provide sufficient time for the landlord to solve the problem. I just wanted to know what is the best plan of action because now im going to end up throwing out brand new furniture that ive barely sat on. Is 15 days enough of a notice to be able to just find a new place of residence and move out? Or do i have to stick it out for an extended amount of time. I have proof of rent, as do i also have a paid in full receipt for my furniture to prove that its barely old. Also should i directly contact the court now because i feel that he should not receive augusts rental payment. Please get back to me asap as i need to know what is the best course of action.A. You should have given your landlord written notice of the problem when it first occurred. You still need to give written notice and if nothing is done within a reasonable amount of time, you can escrow your rent, sue to compel the landlord to fix the problem or terminate your lease if the problem is serious enough under the law.
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Posted: 05-Oct-2012 03:15 AM | Taimi |
There was a gas leak at the apt. complex where I live. The gas co. was out for 3 days, digging in the front lawn by the street. Then Sat. and Sun. came along, and of course nobody was working on it. Monday a plumbing co. came and finally we had hot water by evening. My question is for 6 days we had only ice cold water. That meant for showers, washing dishes etc.. Since the dryers are run on gas we didn’t have use of the laundry room either. They provided 1 apt. (that was being renovated) in a building across the complex, to shower in if you wanted to lug your shampoo, towels and clothes over there with you. This was supposed to accomodate about 100 people. You could use other buildings laundry rooms, again if you wanted to take everything with you. This particular week we had 30 to 40 degree weather along with high winds, thunderstorms and plenty of cold rain. They had also turned the heat off 2 wks. earlier because it was the beginning of May, “so we should open our windows and enjoy the nice weather”. This is Ohio, 2 nights ago we had hail and a frost warning! My point is we all suffered through, but since we are paying rent for shelter, heat and hot water…do we have to pay for those 6 days?RESPONSE: If the conditions were so bad that it forced you to move out then you would have a pretty good argument for getting reimbursed for hotel expenses, etc.
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Posted: 05-Oct-2012 06:10 PM | Etty |
There was a gas leak at the apt. complex where I live. The gas co. was out for 3 days, digging in the front lawn by the street. Then Sat. and Sun. came along, and of course nobody was working on it. Monday a plumbing co. came and finally we had hot water by evening. My question is for 6 days we had only ice cold water. That meant for showers, washing dishes etc.. Since the dryers are run on gas we didn’t have use of the laundry room either. They provided 1 apt. (that was being renovated) in a building across the complex, to shower in if you wanted to lug your shampoo, towels and clothes over there with you. This was supposed to accomodate about 100 people. You could use other buildings laundry rooms, again if you wanted to take everything with you. This particular week we had 30 to 40 degree weather along with high winds, thunderstorms and plenty of cold rain. They had also turned the heat off 2 wks. earlier because it was the beginning of May, “so we should open our windows and enjoy the nice weather”. This is Ohio, 2 nights ago we had hail and a frost warning! My point is we all suffered through, but since we are paying rent for shelter, heat and hot water…do we have to pay for those 6 days?RESPONSE: If the conditions were so bad that it forced you to move out then you would have a pretty good argument for getting reimbursed for hotel expenses, etc.
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Posted: 07-Oct-2012 05:29 PM | Sequoia |
My building went into receivership after my 1 year lease was up. For the next 6 months, I was month to month with no valid lease. In May, I received a new lease agreement to sign, but had just made the decision to move into my mom’s house which was empty since my sis passed away. I paid my final month’s rent and sent my letter to the company right away saying that I would be moving out before the new lease agreement was due. The building manager told me all I had to do was clean out the place and leave the keys on the kitchen counter. I offered to let him do an inspection, but since he gave me the option, I just left the keys. We communicated by voice messages several times. I moved out the end of June. In the meantime, the building manager has failed to let the gas man in to turn off my gas meter and I am still getting the bill. In addition, it’s been over a month and I have not received my deposit back. Do I have a right to my deposit? Do I have a right not to pay this gas bill?A. You need to talk to the gas company about terminating your account. You need to give written notice of your new address to the landlord – only then does the clock start ticking on his duty to return your deposit or provide you with an itemization of charges against your deposit.
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Posted: 10-Oct-2012 05:38 PM | Trevon |
My building went into receivership after my 1 year lease was up. For the next 6 months, I was month to month with no valid lease. In May, I received a new lease agreement to sign, but had just made the decision to move into my mom’s house which was empty since my sis passed away. I paid my final month’s rent and sent my letter to the company right away saying that I would be moving out before the new lease agreement was due. The building manager told me all I had to do was clean out the place and leave the keys on the kitchen counter. I offered to let him do an inspection, but since he gave me the option, I just left the keys. We communicated by voice messages several times. I moved out the end of June. In the meantime, the building manager has failed to let the gas man in to turn off my gas meter and I am still getting the bill. In addition, it’s been over a month and I have not received my deposit back. Do I have a right to my deposit? Do I have a right not to pay this gas bill?A. You need to talk to the gas company about terminating your account. You need to give written notice of your new address to the landlord – only then does the clock start ticking on his duty to return your deposit or provide you with an itemization of charges against your deposit.
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Posted: 11-Oct-2012 06:25 PM | Frenchy |
I live in a duplex, have had and continue to deal with a strange management company and their antics. The latest issue, are the tall trees that are above the duplex. I informed management…they do not spot check the duplex unless I call. I called about the branches that are clogging the gutters of the roof. I called after a “tree pruning” group cut branches while leaving many huge branches barely hanging there. One of those branches fell and damaged the roof of my car. I had my car fixed but management denies everything, even though when I returned home after calling them again there were two men quickly gathering up the remaining branches. They work for the management company. There are branches remaining. If nothing continues about the branches my car will be damaged again. What can I do? Don’t want to move..can not afford it either. Just been through a nasty divorce..VERY BAD dealings with the court system/attorneys don’t want to have to go to court.Response: You might be able to contact your insurance company and use your comprehensive coverage to cover the damage to your car.
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Posted: 13-Oct-2012 05:55 PM | Cornelia |
I live in a duplex, have had and continue to deal with a strange management company and their antics. The latest issue, are the tall trees that are above the duplex. I informed management…they do not spot check the duplex unless I call. I called about the branches that are clogging the gutters of the roof. I called after a “tree pruning” group cut branches while leaving many huge branches barely hanging there. One of those branches fell and damaged the roof of my car. I had my car fixed but management denies everything, even though when I returned home after calling them again there were two men quickly gathering up the remaining branches. They work for the management company. There are branches remaining. If nothing continues about the branches my car will be damaged again. What can I do? Don’t want to move..can not afford it either. Just been through a nasty divorce..VERY BAD dealings with the court system/attorneys don’t want to have to go to court.Response: You might be able to contact your insurance company and use your comprehensive coverage to cover the damage to your car.
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Posted: 15-Oct-2012 07:23 PM | Emberlynn |
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