Having been a Landlord/Property Manager for multiple decades, Step number 9 is near and dear to my heart…!
When you decide that you want to buy a home, talk to your Landlord. Give as much notice as possible. Working with your Landlord, rather than against your Landlord can be a real benefit. Mutually resolving one contractual liability before embarking on yet another one is the smartest play!
If you’re currently renting, you need to give notice to your landlord that you’re going to be moving out. By Ohio law, if you have a month to month lease then you only need to give 30 days notice (although, out of courtesy, you can certainly just let them know that you are “in the market”).
What if you have a yearly lease, but it doesn’t end for quite a few months? Then you’ve got a few options:
- We can try to push closing back to the end of your lease date. If that is of interest to you, please let us know.
- We can work with you to find a subleaser for the remainder of your lease term. If you want us to help you find a subleaser, just let us know. Generally it involves having photographs taken, putting the property on CraigsList, Zillow, and Apartments.com then finding a qualified tenant.
- You can choose to keep both places for the remainder of your lease so you have plenty of time to leisurely move from your rental apartment to your new home. This does mean paying the monthly rental payment plus your mortgage payment for the remainder of your lease.