Familiarizing your rights as a landlord can save you from a life full of headaches and frustrating surprises when in terms to handling with you tenants. You might want to get ideas on the important rights that you can take advantage of as a landlord in order for you to have a harmonious relationship with your renters.
Rights on Property Damages and Repairs
• There is a need for you, as a landlord, to maintain house in a livable condition which abides with the local health and safety standards.
• If the tenant does not want to pay for the properties repairs due to his negligence, this expenses can be deducted from is security deposit. You must get a copy of all the receipts and explain to him all the deductions you have made.
• Damages that are due to the daily wear and tear must be fixed and arrange as soon as possible. Landlords are in charge for carrying out any repair expense.
• When there is repair to be done in the house, you have to let the tenants know in advance. Generally, they have to be informed one or two days in advance.
• When your property is damaged because of the negligence or abuse of the renters, they will be the one to pay for the repair expense.
Rights on Collection of Rent
• When your tenant is always late in paying the rent, you have the right to impose a fee that is reasonable enough. Usually, landlords charge 5-15% of the monthly rent.
• You can decide and set the amount of the rent as to how much you want as long as the renter is in favor to it. However, if there is a rent control in your area and your tenant is under a housing subsidy program, then you have to consider them. Just do not forget to follow rules set by the real estate laws when calculating for the rent price.
• As a landlord, you have the right to get the monthly rent from your tenants on the particular due date and terms written in the lease contract.
• When you tend to increase your rent, you have to notify the tenants of the said increase one to two months in advance. When it comes to fixed term tenancy, you can impose any increase in rent until it ends unless the real estate laws or written lease contract allows you to do it.
Rights on Evicting the Tenants
• Landlords have the right to eliminate their stubborn tenants that continuously violate the agreed terms written on the lease agreement. In some other state, a tenant who is habitually late in paying the rent can also be evicted.
• Eviction lawsuit can be filed after you have already written a notice to the tenant giving him the final chance to clean up his mess.
• Though you are the landlord, you do not have the right to do drastic actions just to punish a disobedient renter. You can not change locks of their house or cut off the electricity and water supply anytime you want to do it.
Looking for more real estate properties for sale? You can visit these sties
Mesa Realty ,
New River Real Estate and
Paradise Valley Homes .
