Your Landlord, Your Headache

The landlord claimed he needed to demolish the apartment flooring, the kitchen, and the bathroom for upgrades and structural damage. Of course, it also happened to be a rent-controlled apartment that, if the current tenants were to leave, would likely net the owners thousands of dollars more a year from a pricier lease.

Lawsuits have ensued over such shenanigans in New York.

Management that once allowed pets might change their minds and demand the vanquishing of your beloved pet. In many places, landlords can’t just change their minds after agreeing to allow a tenant’s beloved terrier, any more than they can rip out the faucets and call the unit an undefined renovation project.

Lease vs. Rental Agreement: Which to Choose?

If you've been a landlord for more than a year, you've probably noticed that not all renters desire the same type of arrangement.

Some renters may just be in-between the buying/selling process, awaiting a job relocation, or even remodeling.

Although most renters are used to 12-month leases, landlords may want to consider other options depending on the needs of the unit, timing, and audience.

So, your situation may behoove you to know the difference between a lease and a rental agreement.