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Can tenant break lease to buy condo?

By Robert Griswold, Thursday, September 30, 2004.

Question: Currently I am renting an apartment, but an unanticipated opportunity has arisen where I'm able to purchase a condo if I can just get out of the balance of my long-term lease. The lease states that if I terminate the lease early I must cancel in writing while paying the balance of rent due through my actual move-out date plus an early termination fee equal to one month's rent. Is there any way of getting out of this or at least reducing some of this cost? I know that there is a waiting list for apartments in the complex so it should be rented fairly quickly.  more...

Family death stirs concern over real estate inheritance tax

By Robert Bruss, Thursday, September 30, 2004.

DEAR BOB: My sister and I inherited about $300,000 plus a house we sold for $270,000 after our father passed away. According to my knowledge of the tax law, as long as an estate is below $650,000 we owe no inheritance tax. But what type of tax will be due on the $270,000 real estate portion. My sister says we will receive a Tax Form K for the next year's taxes. Is this correct? – Vincent M.  more...

 
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