If there were extensive damages to the property or if the tenant left without paying last month’s rent and there were damages, you’re out some money, and that isn’t right. You have options, though.
It’s difficult to know what to look for or to know whether you inspected everything you should, so it helps to have a checklist with you. Landlords often provide tenants with a checklist, but if yours doesn’t, you can use this one.
Landlord and tenant responsibilities can be complicated. This guide will outline which party is responsible for common landlord/tenant issues.
I recently spoke with Lucas Hall to get his opinion on what it takes to get into the furnished rental business and to get his best advice for landlords who are thinking about breaking into this niche segment of “landlording.”
When your tenant plans to move, you should make the move-out process as smooth as possible. This benefits you and your tenant—when your tenant knows what to expect, they're more likely to meet your expectations. Here are some templates you can use when your tenants’ leases are about to end.
Most landlords who don’t collect a security deposit collect a move-in fee instead. The move-in fee is typically not subject to as many regulations as the security deposit can be. The reason is that the move-in fee is not returned to the tenant at move-out time. The landlord simply keeps it.
Your landlord can refuse your request to sublet your rental, particularly if they have a good reason. With that said, there are ways to help ensure you get your landlord’s approval to sublet.
If you leave your rental in bad shape when you move out, your landlord can hold the cleaning costs from your security deposit. After all, it's your mess. But the security deposit is your money. You want as much of it back as possible, right? So what are your responsibilities?