Rent abatement comes up often in reference to commercial properties. But it can also apply to residential leases. For that reason, residential property owners should understand abatement and how it affects landlords’ and tenants’ rights. What is abatement, and when does it apply? Abatement terms can vary among leases. But these terms free tenants from …
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Retirees often downsize from family homes to smaller rental properties. This fact makes senior citizens a significant body of potential tenants. In many respects, seniors make desirable renters since they are often quieter, less prone to recklessness, and are more experienced property caretakers. But the senior population also requires specific considerations from their landlords. Here …
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Sometimes, even though a tenant intends to fulfill the lease agreement term, he can’t follow through. After all, life’s major adjustments—relationship changes, job transfers, health conditions, or family deaths—don’t occur at convenient, predictable times. When a tenant moves partway through a lease, he may wish to rent his space to a different tenant for the …
A fixed-term lease is typically the norm for landlords and tenants entering a rental agreement — and for a good reason. Landlords appreciate a stable rental income, and tenants usually want to settle into a homey unit for more than a month or two. But month-to-month leases also hold an important place in the property …
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Your rental property is cleaned and spruced up. Finally, you’re ready for a tenant to move in and start producing a steady stream of income for you. But how do you reach potential tenants to let them know your unit is available? Here are some ways to get the word out. Classic Signage: While physical …
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Whether or not stated, every rental agreement contains an implied covenant of quiet enjoyment. The promise is implied because it’s a fundamental tenant right under state law and can’t be waived, no matter what is specified in the lease. There is often confusion as to what quiet enjoyment actually means though. Let’s take a closer …
The White House has published a memorandum entitled “Blueprint for a Renters Bill of Rights“. While the Blueprint does not create any new law, it does set forth certain actions that federal agencies intend to take regarding landlord-tenant matters. Assuming property owners and managers are already following the law as written, no immediate changes are …
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Theft is a scary prospect for landlords and tenants alike. Beyond the loss of valuables and the hassle of replacing doors or locks, an intrusion compromises safety and violates a person’s feelings of protection and well-being in their home. So what security improvements will make a burglary less likely on your rental property? Here are …
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A screening process with minimum requirements for income, rental history, or credit score is one of the best ways landlords can secure tenants who can pay rent on time. But what about situations where a potential renter doesn’t quite meet those standards but would otherwise make a great tenant? Or what if a tenant lacks …
Continue reading “What is the Difference Between a Guarantor and a Cosigner?”
Property maintenance: a subject that often causes grumbling among landlords, and with good reason! Keeping a property in good repair requires significant time, work, and money, and your efforts can feel futile if tenants aren’t appreciative or fail to take good care of the unit themselves. But despite the drawbacks, maintenance is a necessary extension …
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