Smoke-stained walls, dirty carpets, and a slight odor of cat feces. Hopefully, you haven’t experienced this in one of your rental properties. Unfortunately, many landlords have!
Landlord-tenant disputes are not uncommon and are rarely easy to settle. Whether you settle the dispute without external mediation or take it to court, the process is often long, difficult, and can leave you out of pocket.
The best way to avoid this is to minimize the chance of a landlord-tenant dispute occurring in the first place. Fortunately, you’ve come to the right place. We’re here to tell you all the common landlord problems and how to avoid them.
Read on to find out more.
Difficulties with rent collection are not uncommon. Although you rely on rental income, also remember that your tenants may be very stressed and sensitive around payment problems.
As soon as an issue arises, sit down with your tenants and try to find an amicable solution. Make sure to document all of this in writing.
If there are still issues following this meeting, issue a late rent notice. Next, follow up with them. Finally, if they still haven’t paid up, it’s time to take legal action.
When it comes to the end of a tenancy, your tenant may be very unhappy if you decide to keep some of their security deposit.
To avoid a conflict, make sure to store their deposit in a protected scheme. When it comes to the end of a tenancy, this third party will decide whether you’re entitled to keep the deposit.
Whether it’s smoking in the house, owning a pet, or sub-letting a room, breach of lease is one of the most common issues for landlords.
As soon as you’re aware of a breach, remind the tenant of the lease agreement terms and take photos for any evidence. Attempt to reach a peaceful resolution with the tenant, but you should take legal action if this fails.
Finally, property damage. This is the one all landlords dread. Unfortunately, if you’re a long-term landlord, you’ll need to deal with property damage sometimes.
You’ve got three options when this happens. First, keep their security deposit. Second, keep the deposit and pursue further legal action.
Finally, if you don’t want to deal with the damage, you can sell your home for profit to GG Homes.
Whether you’re in the middle of a landlord-tenant dispute or trying to avoid one, reading this article was a good place to start. Now you’re armed with the knowledge to help protect you and your property.
Read the Benefits of Using A Property Management Company
So, time to check in with your tenants and make sure there aren’t any problems brewing. Remember, it’s easier to solve a problem before it becomes a full-blown dispute.
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