Remove Compliance Remove Document Remove Lease Agreement
article thumbnail

Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Ensure legal compliance to mitigate risks. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance. Diversify your portfolio strategically to spread risks.

article thumbnail

5 Creative Ways to Get Bad Tenants Out

American Apartment Owners Association

Ensure Compliance with Legal Standards If your tenant engages in illegal activity, it creates a strong basis for eviction, helping you regain control of your property more quickly. This could include photos, videos, witness statements, police reports, or any other documentation that supports your case. Screen Your Tenant Today!

Tenant 220
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The FTC Lawsuit Against Invitation Homes: What It Means for Property Managers

BetterWho

Property managers should ensure that all fees are transparently communicated to prospective tenants upfront—before lease agreements or application fees are signed. Property managers should go beyond merely listing fees in lease agreements.

article thumbnail

Can You Cancel a Lease? Here’s Everything You Need to Know

Bay Property Management Group

In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls. Key Takeaways Lease Cancellation Requires Proper Procedures : Canceling a lease involves legal steps and clear communication. Proper documentation and communication are essential in all cases.

Lease 130
article thumbnail

How to Handle Common Lease Violations

Beach Front Property Management

Authorized Pets and Occupants : Lease agreements usually specify the number of occupants allowed and whether pets are permitted. Lease agreements often include quiet hours, and observing these helps prevent neighbor complaints. Any discriminatory actions violate lease terms and carry legal repercussions.

Lease 130
article thumbnail

Dealing with Difficult Tenants: When and How to Enforce Eviction Procedures

Real Property Management Evertrust

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Resolution Tip: Have a lawyer review your lease agreement to ensure it complies with state and local laws.

Tenant 130
article thumbnail

Fair Housing Compliance for Landlords: Mitigating Risks and Protecting Your Business

RL Property Management

When it comes to managing rental properties, Fair Housing compliance for landlords is essentialits the foundation of a successful business. Yet, many landlords overlook how quickly non-compliance can lead to serious consequences. Failing to prioritize Fair Housing compliance for landlords can result in costly fines and legal battles.