Can I have 2 flats in my name?

In most cases, there are no restrictions against renting two (or more) apartments at the same time. As long as you can meet all of the obligations under your lease, and continue paying your rent for all apartments, then there shouldn't be any issues.

Can you be on two leases in NYC?

No problem having two apartment leases under your name as long as you are not rent controlled, rent stabilized or taking any government subsidies for the apartments...

Can I have two apartments in my name in Texas?

Yes it is legal to sign and accept responsibility for two leases. However you will be liable on both unless there is some option to be released from the first lease. You should have an attorney review all the documents and help you figure out your legal options in your circumstances.

Can you be on two leases in Florida?

Your question is: Can I have two rental leases in my name at the same time in the State of Florida? The answer is yes, most certainly (but you will,of course, be obligated under both)...

Can you rent 2 properties at once?

Although it usually is fine to have two leases in your name, some exceptions exist. It may create problems when you inquire about a second apartment if you have poor credit or live in government-subsidized housing.

What I Learned Doing My Title Split? Converting a House to Two Flats

Can a property have 2 leases?

There can be only one lease at a time giving a right to possession and occupation of property. Consequently, if a landlord subsequently grants a lease of the same property to someone other than the occupational tenant, it will take effect as a concurrent lease or as a lease of the reversion.

How do you prove illegal subletting?

Can you be on two leases at once NSW?

In most cases, there are no restrictions against renting two (or more) apartments at the same time. As long as you can meet all of the obligations under your lease, and continue paying your rent for all apartments, then there shouldn't be any issues.

What happens if a leased property is sold to another owner during the lease term?

Nothing happens. The new owner, as the successor-in-interest to the previous owner, simply becomes the “Landlord” under the lease for the remainder of the lease term. The lease continues unchanged and uninterrupted.

Can you have two rent stabilized apartments NYC?

For rent stabilized apartments and rent controlled apartments both inside and outside of New York City, only one of the individual owners of a building can take possession of only one dwelling unit for personal or immediate family use and occupancy, even if the building has joint or multiple ownership.

Can a landlord refuse to rent to someone?

A landlord cannot discriminate against you if you are in receipt or seeking assistance in paying your rent through rent supplement or Housing Assistance Payment (HAP).

How long can a guest stay in my apartment NYC?

You must be present during your guests' stay if it is for less than 30 days. You may have up to two paying guests staying in your household for fewer than 30 days, only if every guest has free and unobstructed access to every room, and each exit within the apartment.

What happens after 99 years of leasehold in India?

The development authority of a particular area provides land development rights to developers and sells properties for a lease of 99 years. This means that anyone who purchases a residential or commercial property will own it only for a period of 99 years, after which the ownership is given back to the landowner.

Can leased property be gifted?

GIFT WITHOUT PERMISSION:

A lessee shall not transfer his/her right in the lease-hold property without the permission of the lessor where such permission is required. Since gift is a mode of transfer of property, gift without permission shall be breach of terms of the lease.

Can a lease be Cancelled if the property is sold?

The tenant is protected by the common law “hire goes before sale.” If the property is sold, the new owner becomes the landlord and all the terms of the existing lease are enforceable. The new owner cannot cancel the lease, but must wait until the end of your existing lease period.

Is subletting illegal in Australia?

A tenant may only sublet with the landlord's written consent, but a landlord's consent to a sub-tenancy cannot be unreasonably withheld [s 74(2)(b)(i)]. However, even where a tenant has sublet in breach of an agreement, this may not affect the right of occupation of the sub-tenant [s 74(2a)].

Is subletting legal in NSW?

A landlord must give written permission to the tenant to sub-let or transfer any part of the property. If a tenant does this without consent, they are breaching the terms of the tenancy agreement.

Can someone live with you without being on the lease Australia?

Can someone live with you without being on the lease? Yes, someone can live with the tenant without being on the lease.

What happens if you get caught renting your house?

If you have a residential mortgage, it's against the terms of your loan to rent it out without the lender's permission. That amounts to mortgage fraud. The consequences can be serious. If your lender finds out it could demand that you repay the mortgage immediately or it'll repossess the property.

Is subletting a crime?

Certain tenants living in social housing may be committing a criminal offence if they sublet their home without their landlord's permission or by going against what it says in their tenancy agreement.

Can I sublet my apartment without telling my landlord?

If you need permission from your landlord before subletting your home or you aren't allowed to sublet but do so anyway, then your landlord is likely to take legal action against you when they find out. The consequences are more serious for some social housing tenants as they may also be committing a criminal offence.

Can I rent out my leasehold flat?

Even if you own the leasehold property outright, the lease may still prohibit you from subletting so you will still need permission from the freeholder. If you do have permission from the freeholder to sublet you will only need to ensure you have the correct insurance in place before listing your property online.

Is a 999 year lease as good as freehold?

Put simply, acquiring a 999 year lease enables a flat owner to have a title that is 'as good as freehold' and therefore more marketable than for example a 85 year lease, whilst retaining the existing freehold/leasehold structure.

Is 99 year lease OK?

Often you'll think you have 99 years left to run on your lease and nothing to worry about, however the truth is as of 2019, this lease has reduced by 49 years (from 1970 to 2019) meaning it only has 50 years left to run before the lease expires and you have no property to live in.

How long can you own a flat?

Flats are not usually sold freehold. They are usually sold on a long lease, often 125 years. This gives you the right to live there during this period and sell it when you wish.