article thumbnail

Should I Use a Professional Property Manager?

Real Property Management Chicago

Is a professional property manager the right choice for your rental property? Professional property management can make owning (and profiting from!) rental properties a hassle-free experience for you. appeared first on Real Property Management Chicago Group.

article thumbnail

Can a Landlord Break a Rent-to-own Contract?

Bay Property Management Group

This guide will explain everything you need to know about rent-to-own properties. Understanding Rent-To-Own Contracts When you enter a rent-to-own agreement, youre essentially signing two deals in one: A regular lease agreement with the plan to buy the property at the end of the lease.

Rent 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is A Lease Violation and How To Prevent Them

Bay Property Management Group

Fines and Penalties Some lease agreements include clauses that allow landlords to impose fines for certain violations. For example, this might include unauthorized pets, noise complaints, or failing to keep the property in good condition. Needless to say, you want to avoid this outcome if at all possible.

Lease 130
article thumbnail

How Long Does a Landlord Have to Replace a Refrigerator?

Bay Property Management Group

Some of the biggest things to consider are: Lease Agreement Terms If your appliance has stopped working, your first step is to see your lease. Some leases explicitly state whether the landlord is obligated to repair or make a replacement. Whose Responsibility is it to Repair Appliances? Lets break them down.

Landlord 130
article thumbnail

A Complete Guide to Renting Out Your House

Bay Property Management Group

Lease Agreement: You also should create a lease agreement. Lease agreements are legal contracts that outline expectations, rights, and requirements between the property owner and tenant. Review Lease Agreements and Policies: At this point, you must review your lease.

Rent 147
article thumbnail

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. Yes, rental arbitrage can be legal, depending on your lease agreement terms and local regulations. How Does Rental Arbitrage Work? Is Rental Arbitrage Legal?

Landlord 147
article thumbnail

What are the Penalties for Breaking a Lease: A Primer

Bay Property Management Group

To get out of a lease early with less punitive measures, you could sublet or transfer your lease (if allowed), look for an early termination clause in your rental agreement, or work with your landlord to find a solution. You could face penalties for breaking a lease depending on your lease agreement and applicable laws.

Lease 130