Having a basic understanding of your rights as a property owner can help you deal with all the entanglements associated with tenants, tenancy regulations, and legal actions concerning your renters. Take advantage in knowing your rights as these will help you in the distant future. Learning that you have rights set for you as a landlord, you can benefit from these rights in order for you to have a pleasant relationship with your tenants.
As a landlord, you have a particular set of rights that you can put into practice at the most opportune times. These rights include property repairs and damage, rent collection, and tenant eviction.
On property maintenance and damages, a landlord has the right to have the rental property in an inhabitable condition at all times especially if a tenant does not want to pay for repair costs resulting from his or her own abandon. This complies with regulations concerning local safety and health. When this situation occurs, you can deduct the maintenance costs from the tenant’s security deposit. To keep the tenant from complaining how unfair it seems, supply the tenant a list of all the receipts. Then explain the reasons why the deductions have been made.
As a landlord, you need to inform your tenants beforehand if there are any repairs to be done within the rented premises. Note that if your property is severely damaged caused by a tenant’s abuse or disregard for property, you have the right to held them accountable for paying the maintenance and repair costs.
A landlord has also the right to collect and insist on rent payments. Do not tolerate an occupant who habitually pays late and you have the utmost right to charge the tenant a reasonable fee as long as it is stated in your agreement. Usually, some landlords oblige renters to pay a five percent increase on monthly interest for late payments. Landlords can settle on a payment increase provided that the tenant favors it. To be sure, understand real estate standards and rules when calculating for the rent price.
Keep in mind that it is your right as a landlord to receive monthly payments from your occupants on the deadline set for payments. Also, do not just increase the house rent just yet especially if you have not notified your renters so make sure that you talk to them in advance about your plans.
If your tenants are stubborn about paying and regularly put you on a standstill, then you have the right to evict them as you please especially if you notice that they are not following the agreed terms on your contract. If you think that it is appropriate to file for an eviction lawsuit, have a written notice personally delivered to the tenants giving them last chances to settle everything in sight. Remember that as a landlord, adhere to the fact that you are the owner of your own property and these renters are just going to “borrow” your property for awhile in terms of a signed contract.
Warning: include(): http:// wrapper is disabled in the server configuration by allow_url_include=0 in /home/onlineb1/public_html/realestateproarticles/inc/extra_rlinks.inc.php on line 149
Warning: include(http://www.realestateproarticles.com/catads/cat277.php): failed to open stream: no suitable wrapper could be found in /home/onlineb1/public_html/realestateproarticles/inc/extra_rlinks.inc.php on line 149
Warning: include(): Failed opening 'http://www.realestateproarticles.com/catads/cat277.php' for inclusion (include_path='.:/usr/local/php56/pear') in /home/onlineb1/public_html/realestateproarticles/inc/extra_rlinks.inc.php on line 149