A landlord’s life entails dealing with lots of legal stuff, from drawing lease agreements to ensuring properties are complaint with human habitation laws to evicting tenants within laid down legal procedures among others. Failure to meet your legal obligations as a landlord could see you end up in court. The law has never accepted ignorance as a defence. It is thus prudent for a landlord to keep educating themselves on property laws. Below are legal tips that will help you as a landlord.
Lighten your load as a landlord by hiring experts
If you do all by yourself, you will also be accountable for everything from collecting rent, lease preparation, finding tenants, marketing a vacancy, screening tenants, evicting tenants and making repairs. Wearing all these hats at once can be time-consuming and overwhelming. Instead, you need to outsource specific tasks; this will also ensure that you will not be legally liable for every task carried out. Consider outsourcing for the tasks below
Lawyer: Having a lawyer is the most critical legal tip that every landlord should equip themselves with. A lawyer will help you draft your properties legal document to ensure that they comply with the countries and local laws. Lawyers will also be responsible for going to court on your behalf, if a tenant sues or if you sue a tenant.
Licensed plumbers, contractors and electricians: Ensure that you got qualified people to call for routine emergencies and repairs. If you go for unqualified personnel, you could end up … Read More