Archive for December, 2009
The landlord is the person who rents his or her property against some money. Landlord posses some rights that will be discussed under in this article. According to the Landlord Act, a rental agreement is signed between the landlord and the tenant. Both the parties, landlord and the tenant, have certain responsibilities. If any one of them fails on these responsibilities, the other party can take the appropriate action. Most states clearly define the rights of landlords so that they can protect their property as well as the income that is generated out of it.
The rights of the landlord are stated as follows:
- Rental rights: this has to be received by the landlord every month on the fixed date. In case the tenant fails to pay rent, the landlord can take suitable action. These actions could include penalty for late payments or expulsion in case of continuous non-payments. The landlord can also increase the rent as per specifications, after giving the tenant sufficient notice period in advance, informing him about the increase. Read the rest of this entry »
The landlord is the legal owner of a place that is being rented by the landlord to a tenant in exchange of rent. There is an agreement between the landlord and the tenant before the tenant moves in the house. This agreement is called the lease. Each and every thing that can be a matter of dispute in the future is mentioned in the lease.
This include the security deposit, monthly rent and the date when rent will be paid off , the term of the tenancy, etc. this all should be written very clearly. In case of any dispute in the future between the tenant and the landlord, the lease is very important in making the decision. Both of them have to follow the landlord tenant act that has certain responsibilities and duties for both. Read the rest of this entry »
There are certain rights that every state has ensured for the tenants, in order to protect the rights of the tenant and the value for the money that he pays as rent for the premises very month. The tenants are also given extraordinary protection against eviction and such related problems, by states, who look to safe guard their interests.
The tenant has the right to know the reason for denial of his rental application and the reasons should not be based on race, color, creed, caste, sex, marital status or even language barriers. These can be considered biased and the landlord is answerable for legal action in such cases. Read the rest of this entry »
Most people who rent are familiar with the Landlord Tenant Act, but are not exactly sure of how these laws protected them. Your landlord might know all about it, although you can never assume. You need to make sure that you know all of the details in order to ensure that you are following the regulations, and that you are being treated fairly.
These laws govern both the commercial and residential properties. The act is based on state statutory and common law, and it differs from one state to another state. So, you will need to research the individual laws of your state, in order to make sure that you are well versed. Each states laws will outline the relationship between the landlord and the tenant, which is governed by both treaty and property laws. Read the rest of this entry »
The term, tenancy agreement stands as an effective set of rights and responsibilities of the tenant and landlord. The terms are usually considered under the series of the law. Landlord should understand that the law act allow the tenant to make use of the property the way they like to. It is therefore important to listed prohibited activities that are must mention into the tenancy agreement.
However, European Union Directive restricted the scope to act on unfair terms in Consumer Contract Regulation. Therefore, if there is any specific term that is not covered under the standard tenancy agreement you need to seek legal advice or can refer to the “Guidance on Unfair Terms in Tenancy Agreements”.
The tenancy agreement is prepared on the basis of description of the property, payment of rent, interest on arrears, council tax, water charges utility, repair and decoration, alterations, use, insurance, assignment, subletting, addresses for service and rent increases. Read the rest of this entry »
Landlords lease their property to the tenant for a specific time in return of money. The landlord makes the money from the rent and the tenant gets a house to live in. there are some right and duties for both of them. These rights are mentioned in the lease agreement that is commonly known as the landlord and tenant lease.
The first and the foremost thing that has to be done even before getting in to the new house is to sign a written document between the landlord and the tenant. It acts a protection for both of them in case of dispute between the landlord and the tenant. The lease is for a fixed period of time. It includes all the details about the security deposit, number of residing individuals, due date of rent, late fee, property repair responsibility etc. Read the rest of this entry »
Most people who have given their houses on rent must be familiar with the landlord tenant act. This act is in place to govern the rights of both the landlord and the tenant. These laws also differ from one place to another place. In order to make sure that you are well versed with these laws you need to research a bit about the laws of your own state.
The rights of both the landlord and the tenant are governed by the contract and the property laws. The relationship of the landlord with his tenant is based on several factors like statutory law, common law and the lease.
The landlord tenant act covers all the housing codes that are in place to make sure a property meets the standard that been set by each state law. Depending on the particular state, the tenant may break a lease if any of the house codes have been found to be broken. Read the rest of this entry »
To avoid the problematic relationship with your tenant it would be ideal to consider tenant reference letter. Renting house is not a child’s play and to choose a right tenant such reference letter play an important role. As a landlord you can deem for ads on high traffic sites to assess potential tenant. There are certain comprehensive and basic checks that are essential to carried out. Reference letter are generally provided by the previous landlord or employer of the tenants. They are one of the ways to verify the authenticity of your prospective tenant.
In absence of such measures as a landlord you can face certain inconsistency. Read the rest of this entry »
Landlords are the real owner of the property who gives their property on lease to the tenants at some pre decided rent. The landlord gets money from this rental business while the tenant gets a home. Both have some rights and some duties to execute.
The first thing that may be considered as a duty or a right for both is to sign a lease. The lease is a written agreement. This is valid for a particular time period. It includes all the relevant information like security deposit, number of individuals who will reside, due date of rent, late fee, property repair responsibility etc. in case of any dispute between the landlord and the tenant, the lease is considered before any type of verdict. The rights of the tenant and the landlord are protected with this lease. Read the rest of this entry »
