Real estate infos

Archive for November, 2009

Tenant Abandonment: What Is It All About?

Tenant abandonment: What is it all about?

What is abandonment?

Abandonment legally means a situation where a party terminates a contract earlier than the time stipulated. In real estate abandonment is when a tenant abandons a property without prior notice to the landlord. Tenants that leave their accommodations unoccupied for a long period example 612 months this might be termed abandonment.

nbsp;

Reasons for abandonment might be sensible like being on vacation or hospitalized or imprisoned. These reasons as reasonable as they are can get the landlord into some hassles.

nbsp;Hassles like:

For one it is breach of tenancy agreement.

nbsp;

Unnecessary need for the landlord to seek information from others about the tenant

nbsp;

Most time the insurer has to be informed of unoccupied situation that exceed 14 days. This might increase the landlords insurance premium.

nbsp;

It can also cause unnecessary vandalization of the property. This can create a nuisance in the neighborhood.

nbsp;

It creates a breeding space for squatters.

nbsp;

Signs to check for abandonment

What are the signs that the tenant has abandoned your property?

• Check if the neighbors have sighted the tenant moving his property out of the premises.
• Check if there has been change of address at the post office
• Check if the utilities have been shut off from the flat.
• You can also check if the furniture has been moved or if the apartment is empty.

nbsp;

nbsp;

What should the landlord do about this situation?

nbsp;

There are two ways to tackle this problem.

Build the right tenancy agreement that the tenant must append to before moving in:

Make a vivid tenancy agreement that you assume abandonment if your property is left for more than14 days without any prior notice. Though the law permits that the landlord to a month notice but accepting lesser days is better. You might want to put it as a clause in the agreement and that the tenancy can be terminated by the service of a Notice to Quit. The Notice of Quit should be given for 4 weeks.

Having done this prior to the time the tenant moves in you would be saving yourself lots of future stress.

nbsp;

What you need to do if you notice a tenant has abandoned your property.

nbsp;

The first thing to do is to make a call to any relative contact that you know. You might also include friends and neighbors. All calls should be made with courtesy.

nbsp;

Find out if the tenant has a health crisis that necessitated hospitalization.

nbsp;

Has he stopped his benefit claims? Find out if certain claims meant for him has been cancelled for that address. While details of current address may not be given you would be informed if the benefit has ceased to be sent to the address being required about.

nbsp;

Find out if he has stopped the utility supply to his abandoned address.

nbsp;

Find out if the neighbors have seen him move his belongings in anyway.

nbsp;

If it is certain that the tenant has abandon the property.

nbsp;

The only safe guaranteed method is to get a court proceeding order before taking over the property. This is only necessary if the tenant possessions are still in the place.

nbsp;

Contact the close referees or relatives concerning the processions before you think about changing the locks. Such addresses should be in the tenancy application.

nbsp;

nbsp;nbsp;

About the writer:  If you are thinking of buying a home we will be privileged to introduce Greater Phoenix Homes for Sale also check our new prices for homes at Gold Canyon Homes for Sale and Goodyear Homes for Sale

Tee-up To Golf Course Living In Tampa

If you are looking for affordable luxury living in a setting that will take your breath away look no further; it is time you explored golf course community living in Tampa.

Enjoy a laid back lifestyle where your day might begin with a stroll to the clubhouse for breakfast maybe playing a round of golf and after lunch head over to the rec center for a leisurely swim or sauna. Experience the resort in a lush setting impeccably planned to take advantage of the natural beauty in the area.

Many golf communities are situated within a reasonable distance to larger centers which provide a large variety of restaurants shopping schools medical facilities and easy access to many cultural activities museums and entertainment. You can relax at night as most of these neighborhoods are gated with 24 hour security.

You don’t have to be a golfer to enjoy this type of life but if you are you are in for a treat. The Tampa/St. Petersburg/Clearwater area alone has almost 2700 holes of golf to choose from in the event you get bored playing the courses within your community.

Other recreational facilities are readily available and depending on the area may include swimming tennis volleyball basketball courts hiking and biking trails and horseback riding. If you’re a boater or a beach lover rest assured as many of these resorts are located on or near Tampa’s beaches and marinas.

Here are some of Tampa’s foremost golf communities:

Tampa Palms With close to 7000 acres Tampa Palms is the largest golf community in New Tampa. It also contains a multitude of recreational facilities miles of walking and biking trails and has easy access to schools and I75.

For the golf lovers this community boasts the prestigious Tampa Palms Golf and country Club along with its Arthur Hills designed golf course.

Purchase prices range from high 100000′s upward to the millions for an estate in The Reserve. The average price in 2005 for a single family home was 452550.

Hunter’s Green This community is comprised of more than 1000 acres and contains one of the area’s top golf courses. Although it is private as a resident you are not required to join the club. With miles of walking trails and parks the area has a very private feel but it is close to I75 as well as local schools.

Purchase prices range from mid 100000′s to over 1 million.

Heritage Isles This is a unique area in that a public course is actually woven throughout the community. It has a wellequipped Clubhouse along with a pool typhoon water slide children’s area lap pool sand volleyball court roller blade rink basketball and tennis courts. Who could be bored living here?

Heritage Isles has easy access to I75 and I4 as well as Hillsborough County Schools.

Purchase prices range from 100000′s to the high 700000′s for a home right on the golf course.

About the writer:  Check here for more information on other Tampa golf course communities or browse all of the Tampa Real estate listings.

Tax Sales And Your First Home Purchase

If you have spent some time contemplating the purchase of your first home you may be puzzled over what avenues are available to you through which you can get the most home for your money. In this regard it behooves a first time home buyer to consider the possibility or prospect of purchasing a residence at a tax sale. With this in mind there are pointers that you need to keep in mind when it comes to the possibility of purchasing your first home at a tax sale.

At the outset you need to understand that if you do not have any real experience in the Tampa Bay real estate market you really must consider engaging the services of a Tampa Realtor to assist you in purchasing a home through the tax sales process. Indeed you will find that by engaging the services of a Tampa Realtor in this regard you will find the process of buying your first home through a tax sale to be a relatively easy endeavor.

If you do feel more comfortable in pursuing the purchase of a home via a tax sale one of your primary resources actually will be the local newspaper specifically the classified ads section of the newspaper. You will find in the classified section of the local newspaper socalled legal notices. Within these legal notices you will find announcements pertaining to Tampa Bay real estate that is being sold via tax sales.

Generally speaking these tax sales literally are held with some regularity sometimes literally on the steps of the local courthouse depending on what jurisdiction you reside in or in which you are seeking real estate.

The Internet can also be a useful resource for you when it comes to tax sales in this day and age. By utilizing the Net you can identify some properties that will be subject to a tax sale.

Finally when it comes to resources through which you can obtain information about upcoming tax sales you will also want to consider what is available at your local courthouse. Because the country government in many cases oversees tax sales the local courthouse can provide you with relevant information about upcoming tax sales involving residential real estate that might be of interest to you at this juncture in time.

Finally in preparing for a tax sale you need to make certain that you have your financing completely in order in advance of the sale itself. In this regard you likely will need to make an initial escrow payment on the date of the sale itself. And you will need to satisfy the full amount you bid on the property within a very very short time after the sale itself. Indeed you likely will have to demonstrate your financial ability to purchase the real estate that is subject to the tax sale in advance of being permitted to bid on that real estate in the first instance.

About the writer:  Lance Mohr is your Tampa real estate expert with over 10 years of experience and 15 years of investing. Please visit our Tampa Real Estate website and add our Tampa real estate blog to your favorites section of your browser.