“Landlords’ Basic Responsibilities Or RIghts Under Landlord Tenant Laws”
Are you tired of hearing complaints from your tenants?
A landlord’s life is not an easy one… they have many roles and responsibilities. These responsibilities require more from them than the ability to collect rent on time from tenants. Instead, landlords are expected to be salespeople, repairmen, project managers, conflict solvers and negotiators.
Landlords need to be able to attract, retain and manage tenants, while ensuring that all properties are kept in mint condition. Issues and repairs must be dealt with instantly to keep tenants satisfied.
Aside from this, landlords must familiarize themselves with the different landlord-tenant laws.
Being aware of the landlord tenant laws can help prevent potential issues with tenants in the future that can possibly cost time, effort and money. These must be followed and encompass rules regarding collection of rent, security deposits, health and safety standards and so on.
In this article, we will discuss these various laws and the basic responsibilities of a landlord under the landlord tenant laws.
Basic Landlord Obligations Under Landlord Tenant Laws
Knowing the basic landlord obligations under the landlord tenant laws in your area can help you manage your rental properties effectively. Following these rules will ensure that you are undertaking the right process during the right situations, and one that will not eventually backfire.
Being a member of a prominent landlord association can also help in guiding you as you manage rental properties. They are also providers of resources that property managers can use for their day-to-day tasks. Updates regarding the latest changes when it comes to the landlord tenant Laws will also be given to you.
Common responsibilities that you’re required to follow under the landlord tenant laws will be explained thoroughly. However, before diving deeper into those, let us thoroughly understand what landlord tenant laws are.
What Is Landlord Tenant Law
The landlord tenant laws state the details of the relationship between a landlord and the tenants during a lease. The laws were created to serve as a basis for the interactions, rights, and obligations of both landlords and tenants. Further detailed under these laws are the actions that a landlord can take should the tenant breach the lease agreement.
It is important to enumerate that these laws serve to protect both parties, by regulating the actions if an undesirable event happens during tenancy. The rights of tenants whenever they rent a residential or commercial real estate are all covered, as well as the rights of the landlord.
Examples of tenant rights include:
- Certain rights to repairs.
- Rights to be notified when the landlord or property manager will be running an inspection.
- Rights against discrimination in housing.
- Right to be notified for eviction through receiving a notice to quit.
The landlord tenant laws is constantly changing and differs from state to state. This is why it is essential for every property manager to be familiar with these laws while managing their business.
Basic Landlord Rights And Obligations During A Lease
Each state has its own rental laws. However, the common general duties and services that every landlord must provide remains the same. Regardless of where the rental property is located, there are basic rights and obligations provided for the landlord.
Landlord’s Right To Ask For Security Deposit
Landlords have the right to ask for a security deposit from their tenants before the lease term begins. Despite common misconception, the security deposit is not a property of the landlord. It is simply a form of security when unpleasant circumstances happen to the property, such as:
- The tenant’s failure to pay rent.
- Damages caused by the tenant to the rental unit.
- If the tenant breaches the lease agreement.
It’s advisable that you check your state laws regarding the maximum amount of security deposit you can ask for. Requesting for more than what is allowed can result in legal consequences that may affect the rental property business.
Landlord’s Responsibility To Disclose Owner
States require landlords or property managers to disclose certain information about them to their tenants.
This includes the names, contact details and addresses of the individuals with the power to manage the building. These include the people who are in charge of collecting rent, making repairs, addressing complaints or issuing notices, if there are different individuals assigned to each task.
These details must be written in a document and given to the tenant before the lease term even begins. This is so tenants are aware of the correct contact people to reach for various concerns, in order to avoid any delays.
Landlord’s Responsibility To Deliver Possession Of Unit
In order to successfully deliver the possession of the unit to the tenant, checking the vacancy of the unit is a must. During the move-in date of the tenant, the landlord needs to make sure that the unit to be rented is in good condition and ready for occupancy.
Failure to do so grants the tenant to proceed on taking legal actions against the landlord. On the other hand, if the landlord finds out that the tenant is living with an unauthorized person, he can proceed to legal actions.
Landlord’s Responsibility To Maintain The Habitability Of Unit
All states require the property manager and landlords to maintain the habitability of the rental unit throughout the duration of the lease term. This usually require rental units to be free from any security and health threats that could prove to put the tenants at risk.
Make sure that the rental property is following your state’s building codes and all of its utilities are working. The responsibility given by the landlord tenants law may include keeping the rental unit clean, safe, habitable, and making the necessary repairs.
Final Thoughts On Basic Landlord Obligations Under Landlord Tenant Laws
Landlords don’t have the easiest responsibilities and tasks. Landlords must take on the role of repairmen, conflict solvers, project managers, negotiators and salespeople, all in order to maximize business profits.
Another important responsibility that landlords must be on top is knowing and understanding the landlord tenant laws.
That’s why in this blog post, we tackled the subject: basic landlord obligations under the Landlord Tenant Laws. Make sure that you’re following all rental laws in your area. Failing to do this will result in legal consequences that would heavily affect your rental business.
If you’re eager to gain more knowledge in managing your rental property business, it’s also advisable for you to be a member of a Landlord Association. These associations can provide information, resources, and updates that will be useful for your business.
For questions regarding landlord tenant laws, you can drop them in the comments section below.
Disclaimer: This commentary is a matter of opinion provided for general information purposes only and is not intended to be taken as investment or trading advice under any circumstances. Information and analysis above are derived from sources and utilizing methods believed to be reliable, but we cannot accept responsibility for any losses any person may incur as a result of this analysis. Individuals should consult with their personal financial advisers. By using this web site or any information contained in it, the user specifically and expressly agrees that no advisor-client relationship is created between said user and any author, owner, executive, or principal of this web site by either use of this web site, or by any information, product, or service offered by or on this web site. No express or implied guarantees or warranties as to investment or trading results are made, and any perceived insinuations of such are hereby expressly disclaimed.