Lease agreements are more than just a formality—they serve as the legal cornerstone of the tenant-landlord relationship. These essential contracts outline each party’s roles, rights, and responsibilities, as well as the consequences for breaking the terms. While tenants are expected to follow the terms of the lease, landlords are obligated to adhere to laws designed… Read more »
Whether you’re a landlord or a property manager, finding the right tenant is crucial for safeguarding your rental property. All tenants should be thoroughly vetted to ensure they’re financially stable and responsible. While credit reports are very helpful in determining a potential tenant’s financial obligations and payment history with creditors, they provide only a limited…
Most tenancies go as planned; when the lease period ends, the majority of tenants either choose to move out or sign on for another year. In some cases, though, you may have a tenant who chooses to remain in the rental beyond the official tenancy period—also known as a “holdover tenant.” Understandably, having a holdover…
Using criminal records to screen tenants is a complex and evolving issue that has significant implications for both landlords and potential tenants. On one hand, landlords have a legitimate interest in protecting their properties and ensuring the safety of their tenants, while on the other, individuals with criminal records often face barriers to finding housing…
One of the last things any landlord wants to deal with is a tenant who files for bankruptcy. Unfortunately, the likelihood of this happening has increased since the pandemic due to the increased economic uncertainty. A tenant filing for bankruptcy may mean a struggle to claim unpaid rent—and it throws future rent payments into question….
Although raising the rent is part of the responsibility of being a landlord, the process can often feel daunting. To meet your own financial obligations and keep your tenants happy, there needs to be a bit of a balancing act. If you raise the rent too high, you risk losing good tenants; if the increase…
It’s an unfortunate truth in the rental industry: although most people are honest, there are unscrupulous renters out there who try to deceive landlords and property managers with fake pay stubs. These deceptive practices can lead to numerous issues for property owners, from rental payment defaults and property damage to legal complications. For this reason,…
As a landlord, you understand the importance of having a comprehensive lease agreement to protect against any rental situation. However, lease addendums are equally vital for successfully managing your rental business. Please note that the following is for informational purposes only and is not intended as legal advice. What Are Lease Addendums? Lease addendums, also…
In response to the pressing need to protect renters and ensure rental affordability, the Biden-Harris Administration unveiled the Blueprint for a Renters Bill of Rights earlier this year. Although not legally binding, this comprehensive 19-page document outlines five critical principles aimed at safeguarding tenants’ rights and promoting a fair and well-functioning real estate market. It…
Every landlord wants to make sure they get the highest return on investment for their rental properties. There are several factors that affect ROI, including financing costs, market conditions, and vacancy rates—but one of the most important factors is maintaining the value of your properties. The best way to do this is to keep your… How to Handle Holdover Tenants
Important Considerations for Using Criminal Records in Tenant Screening
How to Handle a Tenant Who Files For Bankruptcy
How to Communicate a Rent Increase to Your Tenants
Fake Pay Stubs—Tips on How to Spot Them
Why Lease Addendums Are Vital for Your Success as a Landlord
Understanding the White House’s Blueprint for a Renters Bill of Rights
The 7 Top Tips for Rental Property Maintenance
