How to Make Sure Your Properties Are Fully Compliant.

Updated by January ,31, 2022

Your Rights and Responsibilities,

Taxes, Insurance, Mortgage Payments

As a Property owner, one of the most important responsibilities is to make the mortgage, property tax and insurance payments. Some property management companies will make these payments for you for a price.

Maintenance and Repairs

Even with a property manager, the owner always has the ultimate responsibility for the maintenance and repair of the property. While the owner should have some level of approval control, at the same time it is the owner’s responsibility to not drag their feet in granting approvals. It is the owner’s responsibility to provide the property manager with the funds needed to expedite the tasks.

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Legal Bills

It is the property owner’s responsibility to pay the legal bill involved in any eviction process or other proceedings. Providing funds promptly allows all parties to do their job and find a resolution quickly.

Local Government Required Registrations

The Property management business is governed by numerous laws, understanding them is critical to the success of your rental business. Hence property owners should be abreast with Local government registrations specifically pointed toward investor owned homes rental laws, evicting a tenant, terminating a lease, property safety standards compliance amongst others. Most property management companies even conduct in-house training to make sure their staff is up to date.

With local legislations Ultimately, it is the property owner responsibility to make sure all local government registrations are completed and filed and constantly updated. The landlord may be sued for negligence if an injury or death occurs as a result of failure to ensure the safety of the rental premises

The landlord therefore has an obligation to comply with all requirements applying to the premises in respect of building health and safety laws; and arrange for urgent repairs necessary to avoid exposing tenants to risk of injury.

Respect the Tenants Privacy

Respect their tenants’ privacy. Once a tenant is living in the unit, state laws on landlord entry allow landlords to enter the rental only when certain notice is given, or in an emergency situation. Otherwise, landlords cannot enter the unit or otherwise disrupt tenants’ rights to quiet enjoyment.

Property owners have the right to:

Choose who will live in their rental properties. They may tenant screening backed by solid business reasons and are not illegal, retaliatory, or discriminatory.

Set the terms of the tenancy.

With the exception of rent control laws, landlords are free to set the terms of the tenancy. Landlords can decide to allow pets, ban smoking, and decide to create a month-to-month tenancy instead of a longer-term lease.

Evict tenants who cause problems.

When tenants break the rules, act illegally, or fail to pay rent, landlords have the right to require the tenants to leave the property through the termination and eviction process.

Non -interference with use

In addition to maintaining the premises in a physically suitable manner, the landlord has an obligation to the tenant not to interfere with a permissible use of the premises.