For most of us, the largest chunk of our income goes to paying for a roof over our heads. Whether you are renting or buying, you want to make sure you aren’t being taken advantage of. If you are a renter, there are some popular scams you need to watch out for.
Situations to Avoid
Illegal subleases are actually fairly common, especially in urban areas with a shortage of rental properties, like New York. A sublease is when you lease an apartment from a renter. An illegal sublease is when this isn’t allowed and is done anyway. Tenants of illegal subleases can be evicted or fined.
You also want to watch out for people who pose as legitimate landlords or agents and demand money before you sign a lease. They take the money, and you still don’t have a rental. Legitimate landlords and rental agents do not ask for…
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