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Does_Your_Special_Property_Need_a_Lease_Agreement_4-20-17_SQUARE

Sometimes, it may seem as if a lease really isn’t necessary when renting property. There are situations that differ from the typical house-for-rent scenario. For instance, these:

¿ You’ve decided to let your favorite cousin move in for a few months while he looks for a job and his own place. Your cousin wants to be fair and pay something toward room and board and, frankly, you could use the extra cash. Since it’s family, and will be for just a short time, do you really need a lease agreement?

Read More »

Can_I_Add_That_Clause_to_My_lease_Square

With hundreds of thousands of landlords across the United States, there are few tenant issues that haven't been encountered by someone, somewhere, at some time. And out of those experiences come new lease clauses.

At the very least, rental agreements or leases – terms we use interchangeably here – cover dates, rent and security deposit amounts and who pays utilities. Clauses modify and expand those basic terms, just as they do in anyRead More »

My_Tenant_Backed_Out_Now_What_V1_SQUARE

You gathered a pile of applications for your rental property. You narrowed it to several finalists and, after screening a few backgrounds, you finally settled on the best candidate for your next tenant.

Now, that tenant is backing out of the lease at the very last minute. What should you do, besides tearing your hair out?

It depends on whether or not the tenant signed your lease agreement, and whether youRead More »

Should_I_call_a_Lawyer_SQUARE

Property management revolves around legal contracts – purchase agreements, loans, leases – so, the law is integral to every aspect of the rental business. Usually, after the rental property is purchased, most “contract time” will be spent on writing strong leases. A good lease that meets state laws provides protection from tenants who mistreat the rental, fail to pay utility bills or stop paying rent.

However, even the very best leases get tested.Read More »

Lets_Be_Roomies_SQUARE

How many times have you heard that proposal being made among friends? It is a living arrangement that once was mostly reserved for college students, graduates and other young adults who wanted to save on rent until they moved into more permanent lodgings. Now, it’s an increasingly popular option for 30-something singles and older adults who want to cut living expenses.

The financial advantages seem obvious; yet, are today’s roommates completely thinking thingsRead More »

View related threads in the Leasing Issues Forum »

Recent News Articles

52842515_s Video Tip: Discount for Early Rent
Ever reward your tenants? You may want to consider a bonus to show your great tenants how much you appreciate them. Read More »
52842515_s Video Tip: Know Your State Laws
It is important to always know your state regulations for landlord tenant laws. Make sure you have all forms and documents that you need to provide and are required to have in your area. Read More »
Will_the_Trend_with_Short-Term_Leases_Last_4-2-17_SQUARE Will the Trend With Short-Term Leases Last?
Short-term rentals are eliciting a strong backlash in communities across the nation. Officials from Los Angeles to Capitol Hill are fielding complaints and mulling new regulations as the trend in short-stay leases grows. Airbnb alone has 3 million properties listed for rent worldwide, up from 550,000 in December, 2013. For residential owners, the chance to host strangers who want to live like locals during brief visits to unfamiliar cities is an opportunity to get ahead on their mortgage or save for retirement. To the visitors themselves, short leases can offer the most affordable vacation opportunity. Read More »
Are_Rental_Lease_Rules_Really_Different_From_State_to_State_SQUARE Are Rental Lease Rules Really Different From State to State?
Did you know that if you are a Pennsylvania landlord with a tenant who hasn't paid rent - and your written lease agreement states that no notice is required to evict for non-payment of rent - that you can legally start the eviction process without sending your tenant a notice? Yes, that's allowed by Pa. law. But you'd better not try that in the adjacent state of New Jersey. Rights of tenants in the Garden State cannot be waived. A N.J. lease agreement that declares tenant rights are waived, even if the tenant signed the lease, is unenforceable. Read More »
Why_Does_Eviction_Take_So_Long_SQUARE Why Does Eviction Take So Long?
You want your tenants out and you want them out today. You have been more than patient, your tenants are taking advantage of you, and things are only going to get worse. So, why can't you just kick them out immediately? Wouldn't any judge understand that eviction is appropriate under these typical scenarios? • Tenants haven't paid rent in months. • Tenants let other people move in and never told you or asked permission. • The last time tenants let you in to inspect, you saw the unit was trashed. These examples – among many others – are lease violations and landlords do not have to put up with them. And, yes, action is definitely called for. Unfortunately, far too many landlords make wrong assumptions about the action they are per Read More »
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