Your rights and responsibilities as a landlord depend on many factors. It can be tricky to deal with tenants and it is always highly recommended that you consult with an attorney knowledgeable in landlord rights prior to taking any action.
Owning and managing rental property can be a very lucrative business. While it may seem straightforward, there are many guidelines and laws put into place by the government to protect both the interests of the landlord and the tenant. At Argos Legal Group, we understand these laws and how best to protect your interests.
When renting property, you typically will either sign a lease or a tenancy-at-will agreement. These are important documents that should be taken seriously and reviewed by an attorney before you put them into use. A lease is a good option for tenants and landlords seeking stability in a tenancy. The written agreement between the tenant and the landlord should contain all of the rules that will apply to the tenancy.
No matter where your rental property is located, it will need to be in compliance with State Code, follow certain guidelines and contain certain terms in the agreement. Ensuring that you are providing a safe, clean and compliant place to stay is just the beginning.
Other matters that you may have to deal with include handling security deposits (to cover the cost of any damage to the apartment beyond normal wear and tear), first month’s rent (to hold the apartment prior to tenancy) and last month’s rent (the month that ends up being the last one the tenant occupies the apartment).
If the landlord receives a security deposit, the lease or rental agreement must show the amount paid, and must explain the tenant’s rights to that security deposit money.
As with any signed agreement, the landlord must make sure that the tenant is given a legible copy of the lease or rental agreement. Other legal factors that can impact landlords include compliance with with anti-discrimination laws, state rent rules and making legally required disclosures. Being a landlord does not have to be a scary experience. Having the right legal team by your side will ensure you are operating with in state guidelines and providing a safe place for your tenants! The team at Argos Legal Group understands landlord rights and responsibilities better than anyone in New England!