Genuine Property Management

JANUARY 6, 2025

As a tenant, signing a lease creates a sense of stability and ensures you have a home for the agreed period. But what happens if a landlord decides to break that agreement? appeared first on Welcome to Genuine Property Management.

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Bay Property Management Group

NOVEMBER 25, 2024

There are so many types of leases. Examples of these are gross lease vs. net lease vs. triple net lease, which all sound very technical and full of jargon. As dedicated property managers in Baltimore and surrounding areas, we deal with a lot of leases. Table of Contents What is a Gross Lease? Good question.

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Lula

MARCH 13, 2024

A lease renewal is the process of establishing a new rental agreement with the current tenants. If the landlord or property manager is happy with the tenants and the tenants are happy with the home, it makes sense to re-up and keep the relationship going. What If You Don’t Want to Renew a Tenant’s Lease?

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Bay Property Management Group

NOVEMBER 26, 2024

Whether your family is growing or you must relocate for work , you may have to break your lease early. For instance, you can give proper notice and also find someone to take over your lease. Today, we’ll go through the process of transferring your lease to a new tenant and tips for finding the right candidate.

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Bay Property Management Group

DECEMBER 8, 2024

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. What Does It Mean to Cancel a Lease?

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Bay Property Management Group

NOVEMBER 18, 2024

There are all kinds of reasons why someone would need to break their lease. How can you break your lease without penalty? It is best to familiarize yourself with the rights and responsibilities that fall under you the tenant. Here are some common ways in which someone might find a way to break their lease without penalties.

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Beach Front Property Management

SEPTEMBER 26, 2024

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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BiggerPockets

AUGUST 25, 2023

Your tenant is breaking their landlord tenant lease agreement. Do you go after the money or eat the loss? Depending on the amount, it may not even be […]

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Real Property Management Chicago

SEPTEMBER 13, 2024

Acquiring a rental property with existing tenants is not only a convenient choice, but also a great opportunity. Skipping renovations, advertising, and tenant screening is just the start of the advantages. That said, it’s vital to understand that purchasing a property with tenants already living there comes with its own challenges.

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American Apartment Owners Association

NOVEMBER 21, 2024

In the long run, accepting a deceitful tenant can cause you a great deal of grief and money. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. All applicants over the age of 18 must be on the lease and should be screened.

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Bay Property Management Group

NOVEMBER 25, 2024

Entering into a lease is always a time to take a pause and think about what you are doing. Many people might get handed a rental agreement. Wait, I thought I was signing a lease? What is the difference between a lease and a rental agreement? What is the difference between a lease and a rental agreement?

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Real Property Management Chicago

NOVEMBER 25, 2022

Part of doing so is guaranteeing certain consequences for violating specific terms in your lease. One way to encourage renters to maintain their lease agreement is to issue fines for violations. But then fines and penalties also need to be specifically detailed in your lease agreement before you can charge them.

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Osprey Property Management

DECEMBER 5, 2024

There are several reasons why rental property owners may have to evict a tenant, whether for severe violations of the rental lease agreement, property damage, or a lack of rent payments. Eviction can be costly for property owners and may often require the help of an expert.

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American Apartment Owners Association

DECEMBER 16, 2024

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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Bay Property Management Group

DECEMBER 5, 2024

Unfortunately, you may face penalties for breaking a lease. As such, weve mapped out what those consequences entail, how to possibly reduce them, and instances when you can break a lease without a penalty altogether. What Are the Penalties for Breaking a Lease? Read below for more information.

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Real Property Management Evertrust

OCTOBER 7, 2024

Becoming a landlord is often seen as a great investment opportunity, but managing tenants , especially difficult ones, can quickly turn your dream into a nightmare. For new landlords, navigating tenant conflicts and understanding when and how to enforce eviction procedures can be especially tricky. Common Mistakes New Landlords Make 1.

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Bay Property Management Group

DECEMBER 30, 2024

You must stay on top of the house repairs, keep an open line of communication with tenants, and ensure the property meets all legal and safety requirements. Heres some of the main landlord-tenant laws you need to keep in mind : Maintenance: You are legally obligated to keep your rental property habitable.

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Real Property Associates

OCTOBER 9, 2024

Renewing a lease is an important process for property owners and landlords to maximize revenue. It allows them to retain good tenants, maintain a steady rental income, and avoid the costs and hassles associated with finding new tenants.

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Rental Choice

AUGUST 6, 2024

Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. In addition, landlords may prohibit smoking under the rental agreement and an apartment smoker will face consequences should they ever break the rules. Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment?

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Beach Front Property Management

SEPTEMBER 19, 2024

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. Offering to help make their move easier boosts the likelihood of agreeing to a shorter lease term.

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Bay Property Management Group

JANUARY 12, 2025

With rental arbitrage, tenants rent from your property in the long-term and sublet it to short-term renters through Airbnb, VRBO, and other platforms. Rental arbitrage is a business approach where individuals get long-term rental leases and then sublet the rental to others for short-term intervals. This sounds simple enough, right?

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Bay Property Management Group

JANUARY 14, 2025

For example, websites like TurboTenant offer tenant screening online, which saves you time and gives you a more thorough feel for your records. This will show that you’re a great and reliable tenant. Eviction is a legal process where a landlord removes a tenant from their property for violating the lease agreement.

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Real Property Management Chicago

NOVEMBER 22, 2024

In the near future, virtual assistants may even be able to perform tasks such as tenant screening, contract drafting, and much more. They can answer tenant inquiries and requests promptly. Blockchain in Leasing Digital finance tools are already streamlining rent payment processes and record-keeping tasks.

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Real Property Management Chicago

FEBRUARY 26, 2021

There are plenty of problems that could arise between landlord and tenant but parking is at the top of the list. This is more relevant if your Orland Park rental property has limited space and your tenants need parking for more than one or two vehicles. Depending on your situation, your lease can encompass more than that.

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Florida Property Management

JANUARY 15, 2021

When you rent out your Boca Raton property, you expect your tenants to follow the terms of their lease agreement. This includes staying in place until the lease period ends. But, things happen – even to good tenants. Find out when the current tenant expects to be out, and begin marketing the home right away.

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Florida Property Management

DECEMBER 18, 2020

A strong lease agreement is a landlord’s best tool when it comes to managing your tenant, your property, and your expectations. It’s important that you have a good lease, and it starts with a template that’s legally compliant and specific to Florida. Include any Legal Disclosures

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Real Property Management Chicago

MAY 26, 2016

Safely Enjoy Your Outdoor Barbeque Grilling Safety Tips for Tenants The weather is heating up and Memorial Day is right around the corner. When you’re renting, you need to pay special attention to grill safety and to the rules about grilling in your lease agreement to ensure that good times will be had by all.

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American Apartment Owners Association

DECEMBER 9, 2024

Implement effective tenant screening processes. Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. Implementingbest practicesfor tenant screening can greatly impact your investment’s success.

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American Apartment Owners Association

AUGUST 7, 2022

Evicting a tenant is never easy, but it can be an unfortunate part of your job as a landlord. Your tenants have rights and any violation of them could extend the eviction process longer than it should. Keep reading to understand how and when to (properly) evict a tenant. When should you evict a tenant?

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Rental Choice

DECEMBER 31, 2024

Since these days are usually the busiest in the year, it may impact the priorities of both landlords and tenants, causing delays in handling holiday rent. Even if tenants try to initiate their rent payments, the bank cannot process them until the next business day. What Can Landlords Do?

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Real Property Management Evertrust

SEPTEMBER 25, 2024

As a new landlord, one of the inevitable parts of managing rental properties is handling tenant complaints. While this can seem daunting, addressing issues quickly and effectively is key to maintaining happy tenants, preserving the condition of your property, and reducing turnover. Common Mistakes New Landlords Make 1.

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American Apartment Owners Association

SEPTEMBER 30, 2024

Ever wondered about the difference between squatters and tenants? Defining Squatters’ Rights vs Tenants’ Rights Whether you’re a property owner, tenant, or simply interested in property law it’s good you understand these distinctions between squatters rights and tenants rights.

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American Apartment Owners Association

DECEMBER 9, 2024

Landlords navigating the rental landscape understand the pivotal role that visibility plays in securing the right tenants. As property markets evolve, the competition for tenants becomes fiercer, making it essential for landlords to master the art of maximizing visibility for their rental property listings. Need a Lease Agreement?

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Bay Property Management Group

DECEMBER 24, 2024

Eviction can be a complicated and often stressful process, both for landlords and tenants. This article will explore the key elements that influence how long an eviction process may take, including local laws, tenant responses, and the reason for eviction, helping you gain a clear understanding of what to expect during this legal process.

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BiggerPockets

JUNE 16, 2021

The concept of being a landlord sounds simple enough: Purchase a property, find trustworthy tenants, sign a lease agreement, and sit back and watch the rent come in. Unfortunately, the […].

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Landlord Lease Agreement Tenant Lease 90

American Apartment Owners Association

DECEMBER 9, 2024

. “What makes a tenant base want to stay in their apartment? ” Resident-Centered Practices Improve Tenant Experience Freddie Mac has identified and supported a number of resident-centered best practices that have spread across the market. ” Need a Lease Agreement? . ” Need a Lease Agreement?

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Bay Property Management Group

JANUARY 7, 2025

There are several things you need to consider before moving forward, especially since the tenant will be sharing your home. Shared Responsibilities When you have a tenant, you can share responsibilities around the house. Essentially, they often cost less to rent, and as such, can be more affordable for potential tenants.

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