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Are_Rental_Lease_Rules_Really_Different_From_State_to_State_SQUARE

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.

In the U.S., some lease basics are addressed in federal laws. For instance, tenants must be informed in writing when lead may be present, and landlords must follow rules on fairness in evaluating potential tenants. On top of that, all 50 state legislatures have the power to expandRead More »

Why_Does_Eviction_Take_So_Long_SQUARE

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 youRead More »

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Alarm is spreading among rental property owners over a proposal that would hold them liable if they failed to stop their tenants from harassing other tenants who are protected by anti-discrimination laws.

The Federal Department of Housing and Urban Development rule could be enacted as early as this fall.

What has landlords with multiunit properties worried is that they would be held responsible for failing to stop discrimination action by oneRead More »

Pokemon_Go_Away_V4_SQUARE

Things were getting out of hand at the small senior center in Quebec City. Hordes of people gathered every evening on the lawn of the private center on a quiet residential street. Strangers set up chairs and spread blankets as if it were a public park. Using smartphones loaded with a hot new game, the crowds played late into the night.

Some nights, according to seniors who live at the site, groups ofRead More »

Should_Your_Rental_Lease_Have_a_Marijuana_Clause_Square_V4

Imagine that the single family home you own in a quiet neighborhood was just leased to a family that moved from out of state. You pop by a few weeks after lease-signing to drop off extra keys and see how they are settling in. Instead of beds, sofas and other décor, you find that each room has been fitted with grow lights connected to hazardous tangles of electrical cords. Your tenants have stripped your houseRead More »

View related threads in the Real Estate & Landlord News Forum »

Recent Educational Articles

How_Many_Applicants_Will_Your_Rental_Get_SQUARE How Many Applicants Will Your Rental Get & How Do you Choose the Most Qualified?
The perfect tenant rarely just appears on your doorstep the day you're ready to start leasing your rental property. Typically, it takes some work to find the right person, or people. But, there are established steps that can smooth the process and remove some of the mystery involved in sussing out a good applicant. Applicants will find your rental through word of mouth, an open house, or an ad or online listing. Have a process ready for gathering their contact information. Dated sign-in sheets requesting a name, email address and phone number are perfect for an open house. It's also a good idea to start a file, and then make an entry with a date, name, email address and number each time a potential tenant calls. Read More »
Real_Estate_Investment_and_the_Trump_Effect_SQUARE Real Estate Investment and the Trump Effect
Landlords across the nation had a unique perspective last year when it became clear that one of their own would be moving into the White House. Real estate investors couldn't help but hope for an income boost since, while the new president's current financial success is closely tied to branding efforts, his family built its fortune on New York residential real estate. Hopes for cuts in taxes and reduced government oversight excited investors and capitalists of all stripes, writes the New York Times' Gretchen Morgenson. Read More »
Can_I_Add_That_Clause_to_My_lease_Square Can I Add That Clause to My lease?
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. Read More »
Should_I_call_a_Lawyer_SQUARE Should I Call a Lawyer?
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. Maybe a tenant gets a new job one month into a yearlong lease and wants to move. Or a departing tenant insists that the carpet was stained when he moved in and demands the return of his full security deposit. Perhaps roommates have a fight, one moves out and the remaining roommate invites in a Read More »
How_much_Rent_Should_I_Charge_3-15-17_SQUARE How Much Rent Should You Charge?
Since rental income is the chief reason people consider buying investment properties, choosing the right rent amount requires a great deal of thought. But how do landlords decide what to charge? Formerly, they spent weeks scanning newspaper ads for comparable rental units, and seeking advice from market experts. Now, though, anyone with internet access and a calculator can figure it out for themselves. The two most important considerations in setting an appropriate rent amount are: • Covering the cost* of owning the property • Drawing a good pool of tenants Read More »
Real_Estate_Investing_Tips Real Estate Investing 101 with Industry Expert Paul Cohen, Esq.
Two real estate attorneys and two real estate investing experts answer common property investing questions from financing to taxes to repairs. Read More »
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