As a landlord, you have been most careful about your actions. Every time you do something about your rental property, you always consider your tenant's rights. However, landlords have rights too! After all, you own your property and these rights can protect your most precious investment.
Landlord's rights are pretty much the same in all states. Every landlord should exercise them for the following reasons:
1. It ensures a continuous flow of rental income; hence, you can pay your monthly obligations on time.
2. It protects your property by getting to regulate activities within the house. You also can set conditions and enforce them through the tenancy agreement.
3. It protects you from unexpected expenses from damages, which are supposed to be avoidable.
As a landlord, you should know your rights. This way, if something unacceptable happens within the rent period, you know what actions to take.
1. You have the right to select your tenants, provided you screened them appropriately and without being discriminating.
2. You have the right for on-time rental payments. If your tenants are late, you also can charge them a late fee.
3. You have the right to set the desired rent price for your property just as long as it is not expensive and it matches the value of your home.
4. You can increase your rent, provided you have informed your tenants at least 30 days before its effect. However, rules may vary depending on the tenancy type.
5. You can demand from the tenant to fix the damages they have caused. Otherwise, charges will be taken up against their security deposit.
6. You can enter their homes for inspection, regular maintenance and repairs, provided you have informed the client of the visit at least 24 hours in advance.
7. You have the right to reprimand your tenants, in case of abuse of property or violation on the agreement. You can verbally do this or you can give a written notice.
8. You can legally evict your tenants, if after several notices they have not corrected their violations. You can do this provided you follow proper eviction proceedings.
9. You can find a replacement tenant, in the event the previous tenant abandoned the property without prior notice. You can also sue the previous tenant and claim the unpaid rent.
10. You can sell your property in the future. However, you must inform your tenants at least 30 days before the selling can take place or you can wait after their rental period ends.
Landlord-tenant agreement contains all of these rights, just as it explicitly shows the right of your tenants. However, you may have to refer to your state laws, as they have different standards on what should govern the landlord-tenant relationships. There are various laws that needs to be considered and can affect the rental agreement significantly. Therefore, you should not overlook this and if ever you have troubles, you can always consult real estate lawyers to learn more about your enforceable landlord rights.
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Scottsdale Commercial Property for Sale. You can also check out
Chandler Commercial Property for additional information.
