If you own a rental property
or overseeing one, you are also known as a landlord. It is necessary to know the rights and responsibilities of a landlord for a smooth flow of the business and to establish and maintain a good relationship with your tenants. Remember that tenants provide you with the monthly income of your rental property. Following are illustrated the rights and responsibilities of a landlord.
The Landlord’s Rights:
1. A right to offer vacant units for rent and to advertise to would be tenants.
2. Screen the possible tenants properly.
3. The right to choose the tenant who will reside in the premises.
4. To determine the amount of the rent and to decide whether pet are allowed in the rental unit.
5. The landlord has the right to collect from the tenant a one-month pay as a security deposit.
6. A landlord may require an increase in rent provide it conform to the Rent Stabilization Board Regulations.
7. The right to entrance of the rental unit in emergency cases. A landlord also has the right to make or provide decorations, services and improvements of the property. He or she also has the right to show the unit to prospective buyers, workers or tenants if the previous tenant abandons the unit.
8. The right to lawful eviction of the tenants under the following terms:
a. A tenant failed to pay for the rent.
b. Failure to comply with the material term of the ease.
c. The tenant has done damage to the unit and he refused to pay for the damages.
d. Failure of a tenant to sign a new lease agreement that is the same as the old one.
e. After receiving a notice to cease, the tenant continues to destroy the peace and
quite of the other tenants.
f. If a tenant refuses entry of the landlord who has a valid reason for doing so,
such as making repairs that could not be completed while the tenant still
resides in the rental unit.
g. The landlord in good faith seeks to have the property demolished and has the
legal permits to do so.
The Landlord’s Responsibilities:
1. Provide tenants the name and address of the owner or the manager of the rental
property.
2. He or she is responsible for repairs on the unit. A landlord is also responsible for the
heating and hot water installation and other sanitary installations such as baths and sinks.
3. To make sure that the rental property is fit and safe for existence.
4. Maintains the repairs and upkeeps of the rooms and the water heating equipment in
the property.
5. A landlord should comply wit the current building codes.
6. Provide maintenance of the electrical, plumbing, heating and air-conditioning
equipment of the property.
7. He or she should also provide for the trash removal of the rental unit.
8. To supply substantial amount of hot water and to supply running water for the tenants.
When a tenant moves out, the landlord, he should return the security deposit, or she
should provide a written statement why he or she is unable to do so. This statement
should be furnished two weeks after the end of the tenancy agreement. A landlord may
withhold from the deposit an amount necessary to remedy default in payments and to
provide cost for restoration of the original condition of the unit at the beginning of the
tenancy.
For more information, visit on our Real estate blog www.webuyhomesfastcamdencounty.me
Source: articlealley.com