How does renting a house work?
Question: Hello World,
I am currently renting the basement apartment of a house, and have recently learned that he is thinking about selling the house.
I’ve been considering buying a house anyway, and I am considering buying the house, and renting ‘most’ of it, and continue living in the basement like I have for a while. So It will be business as usual ( well, except for also paying for things that break in the house ) except sort of in reverse.
So my questions are:
1) In this scenario, who works on the garden/lawn? If I was living in a different state, and renting out the whole house, the renters would have to take care of everything, of course. But in this case, who does the work? I do have a separate entrance to the house, but I do have to walk into the back yard to get in.
2) What defines an ‘illegal’ apartment? If I buy the home, then live in the basement, is that ‘legal’?
3) What is a ‘fair’ way to split utilities? Or should the price include utilities? How does cable work?
4) What other considerations should I have if I decide to go this route?
Answer: And don’t forget it is illegal to NOT rent to someone solely based on their ethnic makeup, physical abilities/disabilities, gender, marital status and whether or not they have children (subject to local ordinances about number of children vs. number of bedrooms). So if you have a “gut feeling” about any member of a “protected class” and don’t feel like renting to them even though they “check out” on paper, remember the lawsuit potential (criminal in some jurisdictions as well as civil) if you have no other grounds for not renting to them.
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