RENT OWN SELL
Newyork
RENT OWN SELL
Newyork
If you aim to rent two houses in parallel, the appropriate question would be why you need both of them? To be honest there should not be any problem if you don’t mean any mean business. Do you need both houses as your requirement or do you want to earn through subletting? There is no harm in renting for personal reasons but subletting might not fall in the same bracket.
Apart from a wish to lease two apartments, the biggest challenge that remains to the majority of the tenets is that they cannot afford to pay two rents in parallel.
If you want to get a straightforward answer to your question, then you must ask yourself first if you can afford to pay two rents at the same time. If you can afford to pay the rent in time, then you can certainly enjoy the two leases in parallel.
It happens when you are hunting your new apartments and find one and at the same time, you run the risk of losing the bet in someone’s favor so you enter into a deal while the previous is not expired.
It is considered the most common reason behind overlapping leases.
Another most common reason is if someone travels too much and has to stay in a hotel. To avoid inconvenience, people prefer to keep a dedicated home in the city.
The decision proves to be extremely fruitful as you do not have to worry about booking the hotel every second week. Though the idea might not be too economical the comfort offered is at best.
This is another case where you are rich enough that you can afford to keep a rented home for occasional visits. It is more of a lifestyle than a requirement. Wealthy people love to travel occasionally and keeping a second home, especially for family visits is the norm among them.
To be honest, it does not hurt them anyway so why not keep a second property.
The major reason landlords don’t buy the idea of coming into agreement with someone is that they consider it risky as it’s difficult to manage the rents. Staying in metropolitan cities is quite expensive be it NYC or any other city. So landlords always suspect and self doubt their intuitions.
It is not merely a hypothesis, but a proven reality. Landlords have to confront tenants now who find it difficult to arrange rent, too often. So convincing them to let their property to someone who is already renting a unit is a tough task.
For you, it is a good idea to self-evaluate and be honest with yourself. Do some math and know yourself if you can manage rent for two houses in parallel. It would not only save you from a lot of trouble but also be good for the landlord as well.
If you are not renting it for need and instead are forced to take the option as you have no other choice, you can talk to your previous landlord to end the lease with mutual consensus. Landlords are kind-hearted people and chances are they entertain your request.
Or if you find it difficult to talk to a previous landlord, let your new landlord know the reason behind it. Ask her to wait for a few days until your previous lease is expired or let him come in two leases in parallel.
The fittest way to avoid it is by entering into a new lease agreement once the old one is expired. Keep a single-day gap and get in a new lease with your new landlord.
You might have an inconvenience for a single day and that you can stay at your relative or friend’s home.
This is another scenario where you might have to enter into a new lease. People are always curious to know if they can rent a unit if they already have a house in NYC. Well, to keep it simple, if you feel you can meet all the requirements and can manage the rent in time you are more than fine to rent a new unit.
NY Rent Own Sell is a well-established firm based in NYC. We are a credible and reputed name in the real estate world of NYC. If you ever look to sign single or multiple leases in NYC and need any kind of help, let us know so we serve you to the best of our skills and could live up to our tall claims.
By now, you would have a fair idea that there is no harm in renting two apartments at the same time in NYC if your intentions are good. If you feel you can manage the rents and qualify the criteria for renting the apartment, you may go ahead with your plan.
