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Breaking a Lease Laws
Breaking a Lease Laws - Trends
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The Federal National Mortgage Association, more commonly known as Fannie Mae, recently announced a new program designed to keep mortgage-challenged borrowers in their homes. The Deed for Lease (D4L) program allows qualified borrowers to relinquish the deed to their property and rent their home at the market rate for 12 months. The Property Management Software team at Software Advice has broken down the program to show you what to expect for borrowers, tenants and property managers. Before a borrower is eligible to rent their home under Deed for Lease program, they must have a deed-in-lieu of foreclosure agreement (DIL) in place ...
The state of California has tenant-landlord laws to protect both sides. Every now and then people have to break leases due to divorce, finances and even medical reasons. Sometimes landlords understand there are situations that cannot be avoided. In this case it is best for a tenant to negotiate with landlords. The best way to break a lease is to explain to the landlord the reason why. If the tenant is upfront why he or she wants to break the lease, the landlord might be a little more cooperative. Most leases explain the consequences of breaking them. However, there are ways to ... Read More
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