5 Things Landlords Should Check Off Before Moving New Tenants In
For a landlord today, it is not quite as simple as acquiring a property and renting it out just because they own it. There are many laws which protect tenants and, if landlords are in violation of any of these laws, they can face very damaging penalties. So, it is important that you know what you are doing when becoming a landlord and renting out a property. This article will give a small insight into 5 different things you should do to make sure you are complying with the laws and alleviating any potential problems in the future. (Related topics: housing lawyers NYC, real estate lawyer NYC, landlord-tenant law NYC)
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1) Repairs and Safety
General wear and tear and other damages are a regular occurrence when a property is lived in. As a landlord, you are responsible to ensure that you repair damages that occur and make it a safe place to live in.
If you are looking to rent out a property and your property is not clean, you will find it incredibly difficult to find tenants. Not only will it be hard, but you would end up having to charge less for rent. So, make sure it is clean and orderly.
Water, gas and electric are all staples for a household in today’s day and age. You need to make sure that you have these all working well and in a safe way before you even consider having tenants moved in.
4) Contractual Agreements
Don’t accept word of mouth agreements because often people will take advantage of this and, if anything goes wrong, it will be almost impossible to have a valid argument in court.
By taking a deposit before a tenant moves in is a necessity. Often damages occur or rent is not paid and if this happens you can take the costs out of their deposit, giving you some security.
These are just a few things which you should try to take care of before moving in a tenant to your property. You should always seek to be a professional and a good landlord or it will likely backfire in the future. If you are new and unsure about how to go about certain things, don’t hesitate to contact a professional in landlord-tenant law in NYC to help make sure you are executing the correct procedures to become a successful landlord.