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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

As a landlord, you need to be prepared. In the meantime, your tenant’s renter’s insurance can help cover the costs. Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you.

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Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. Privacy Both landlords and tenants have the right to privacy.

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). A lessor is one of the most critical real estate terms. utilities).

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers.

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What Is A Rental Arbitrage? A Guide For Landlords

Bay Property Management Group

The process involves: Securing a Lease Agreement: As we stated before, tenants start the rental arbitration process by signing a long-term lease. Then, they get their landlord’s permission to sublet it to others. Yes, rental arbitrage can be legal, depending on your lease agreement terms and local regulations.

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Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Thats why landlords often ask for pet depositsto protect their property in the event Fido goes a little too far. Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” Pet deposits are basically a landlord’s safety net, a form of informal “insurance.”

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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. A lease ends after a specific term (usually a year).

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