by kelleyandgrantlaw | Nov 5, 2020 | Articles, Landlord Tenants
A holdover tenant is one who does not vacate at the end of the lease term. In Florida, leases do not automatically renew unless the lease specifically states that it will. Barring any provision in the lease, the tenant is expected to vacate the premises and no warning...
by kelleyandgrantlaw | Nov 4, 2020 | Articles, Title Insurance
Many of you are aware that October 2015 brought a new development to the real estate lending and closing process known as The New Integrated Disclosures (TRID). These new Federal guidelines affect most non-cash lender-involved residential closings (there are...
by kelleyandgrantlaw | Nov 3, 2020 | Articles, Landlord Tenants
One of the biggest issues property managers and landlords face is whether to return the security deposit, after being forced to evict a non-paying tenant. An evicted tenant does not automatically forfeit the security deposit. The landlord or property manager must...
by kelleyandgrantlaw | Nov 2, 2020 | Articles, Landlord Tenants
Most landlords enter into one year written leases with tenants. At the end of one year, the lease will expire (unless there is an automatic renewal clause). At that point, the landlord can decide if he or she would like to renew the lease with the current tenant,...
by kelleyandgrantlaw | Nov 1, 2020 | Articles, Landlord Tenants
Some landlords are pet-lovers themselves and warmly welcome a tenant with pets into the rental property. Other landlords don’t fancy pets and prefer not to rent to tenants with pets. In general, it is up to the landlord whether or not to allow a tenant to have pets in...
by kelleyandgrantlaw | Jan 7, 2017 | VA Loans:
What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefit system. The VA administers benefits and services for...
by kelleyandgrantlaw | Jan 7, 2017 | VA Loans:
What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage...
by kelleyandgrantlaw | Jan 7, 2017 | VA Loans:
What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online or through their lender; most lenders...
by kelleyandgrantlaw | Jan 7, 2017 | Mortgages:
As this video explains, Federal laws put into effect in 2014 and supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable loan features for consumers and...
by kelleyandgrantlaw | Jan 7, 2017 | Mortgages:
What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. It’s a longer-term view that goes beyond immediate income, debt and...
