FicWad

This really should be minimal. Most landlords figure the yearly rental increase based on a certain percentage of some magic number like the consumer price index. Try to negotiate with the landlord for a cap on the percentage increase in order to avoid unmanageable rental costs later on during the lease term. 2-4% is usually a standard to ask for and is, in my opinion a reasonable amount of an increase yearly.



Real Estate Attorney - A good attorney is worth their weight in gold. There are just too many laws to learn yourself. Make sure they know the laws in your area and understand the types of deals you are going to be doing. Also I recommend you have them look over any contracts to make sure they are legal for your area.

Purchasing a home with a "clouded" title can be both financially and emotionally draining. Learning after the fact the previous owner still owed contractors money for the finished basement on your property which is now a lien against your property causes a lot of grief. Your real estate agent will help you purchase title insurance and make sure the title to the property is free and clear.

Prior to closing on the purchase, a real estate title company will perform a search to make sure the property is free and clear of liens. This takes place after you've provided your escrow funds to the escrow holder. Jacksonville RentEscrow funds may be held by the agency, if they provide that service.

Closing costs simply refer to the fees associated with various things associated with the escrow process in a real estate transaction. In the excitement of having an offer accepted for your dream home, you can easily lose track of the fact you are going to need to have some serious cash on hand to pay them. Many people make the mistake of only assuming they need the down payment money, and have to rush around town trying to come up with money for the closing fees.