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How to Keep Your Tenants Safe

American Apartment Owners Association

The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Tenants should also consider obtaining renters insurance to cover any damage to or theft of their personal property in addition to harm caused by fires, floods or natural disasters.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

Rushing into a lease agreement without an application and professional screening could end up being the biggest mistake you make. Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument.

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Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

Landlord-Tenant Relationships Key Elements In A Landlord-Tenant Relationship When entering into a rental agreement, both landlords and tenants should have a clear understanding of the key elements that shape their relationship. These elements set the foundation for a successful tenancy and protect both parties rights and obligations.

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Important Lease Clauses For Landlords

Beach Front Property Management

A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Why Are Lease Clauses for Landlords Required Clear communication is essential in any business, and a well-written contract removes uncertainty. Everything from unit number to location details must be in the lease.

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

If a tenant makes a repair request and you don’t act on it right away, you will find yourself dealing with more significant problems down the line, including higher maintenance costs and potentially leaving your tenants dissatisfied and unlikely to renew their lease agreements. Make sure your lease agreement is clear and consistent.

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. Secure insurance coverage and create an emergency fund. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Increased insurance premiums, taxes and/or utilities. The ins and outs of a rent increase notice Generally, a landlord can raise a units rent price with a new lease agreement, if they give proper notice. Remember, a year-long lease has different requirements from a month-to-month lease. Excited to get started?