Eddy's Blog

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Mortgage and Lending - Nationwide Funding Group
The Real Estate and Mortgage Industry In My Own Words..................................
RECENT BLOG POSTS
--Rent and Security Deposits-- (continued)The maximum deposit allowed on an unfurnshied property is not more than the amount of two months rent. The maximum deposit allowed on a furnished property is not more than the amount of three months rent. A security deposit also includes any charges impos...
12/28/2006
-- Rent and Security Deposits -- Rent is payment for the use of a property, generally under a lease agreement. The rent becomes due at the end of the term, unless otherwise agreed upon in the lease. If the rent is not paid when due, the tenant may be evicted. Rent recieved by the owner is taxable...
12/26/2006
Classifications of Leases (continued)---Method of Rent Payments---Leases are also classified by method of rent payments, such as gross, net, and percentage leases.(A) Gross Lease : A gross lease is also called a flat, fixed, or straight lease. The tenant pays an agreed-upon sum as rent and the la...
12/26/2006
Classifcations of Leases (continued) :  --Types of Real Estate--Leases based on types of real estate would include office leases, ground leases, proprietary leases and residential leases. A ground lease is a lease only for the land. A proprietary lease is used in co-op apartment buildings. THe le...
12/26/2006
 There are many varieties of lease contracts. If a lessee and lessor agree on terms that differ from the law, both will be required to meet the terms of their written agreement. For example a new two-page lease agreement adopted by the California Association of Realors ( C.A.R. ) www.car.org  onl...
12/26/2006
The Basic Requirements of a Lease include :(1) Length of Time(2) Amount of rental payments(3) Names of Parties(4) Description of the Property  Other useful facts about leases that you may have or not have known : - If more than 1 year, it must be in writing- Signed by lessor (landlord)- Lessee (t...
12/26/2006
 A lease can be best described in any number of ways, as long as the names of the parties, descripiton of the property, rent amount, and duration of lease are included. Sometimes in the rental / lease contract the words "to let" or "to demise" , (another way to say "to rent") , will be found, but...
12/22/2006
  A lease is defined as a contract between an owner (lessor or landlord) and a lessee (tenant) which gives the tenant a tenancy. Tenancy is an arragement, by another (tenant) to take exclusive possession of land in consideration for rent. Tenancy is also known as the interest of a person holding ...
12/22/2006
C.A.R. Realtors / Economists  http://www.car.org/  provide useful information about California Real Estate. They also analyze data in regards to the unemployment rate, job growth and population changes. The unemployment rate is defined as the percentage of the people classifed as unemployed as co...
12/21/2006
   Median Home PricesThe median home price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. It is used by economists to compare home sale prices and measure the exact increases and decreases. For example, the median hom...
12/21/2006
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