The landlord-tenant relationship is very particular. It’s true that your tenants have to fulfill certain duties by you since they are legally contracted to do so. But, as a landlord and property owner, you have obligations to your tenant, as well. As you probably know, these obligations are detailed in the state, local, and federal landlord-tenant laws. However, if you really want to keep your tenant satisfied, you have to go by the laws that govern you as an owner of your Homestead rental property.
Not only will satisfied tenants stay in your rental property longer, thus reducing turnover costs, but they will also help you protect your investment as well. There is a direct correlation between landlord-tenant laws and tenant satisfaction. Understand this relationship and you will be able to mitigate your annual expenses.
As a landlord, you have both rights and legal obligations toward your tenant. Many different laws govern rental properties at all levels of government. Tenant longevity is mostly impacted by habitability laws. It is these laws that govern the general condition of a rental property — if it’s not a hazard to live in. For example, in most states, landlords are required to keep their rental homes habitable and safe. This means that the property must not have serious deficiencies like broken plumbing and heating, fixtures, and appliances. It must also be that that property does not have problems with pests and insects. Depending on the location, this is still true even after the tenant has moved in.
As a rule, repairs must be done promptly, and in some places, you must also provide standard safety equipment such as carbon monoxide detectors and fire extinguishers. Depending on your state or local municipality laws, your rental house might be regarded as uninhabitable if it’s missing a few of these key requirements.
Tenant Satisfaction and the Law
Tenants will expect you to help keep the property in good condition while they are living there. Should you fail to do so, you can expect a high tenant turnover, and more monthly expenses trying to find new tenants. It may also result in expensive lawsuits or other legal problems, especially if your rental home is not compliant with landlord-tenant law.
Hence successful property owners know that high tenant satisfaction is just good business. Keeping a tenant in a rental long-term will lead to less monthly costs and guarantees monthly rental income. When a tenant is satisfied, it’s more likely for them to bring to you concerns of maintenance and repairs to help you address these concerns right away. Maintaining a property becomes easier when both landlord and tenant are on the same page of keeping the property in good condition.
Finding Peace of Mind
Truly so, understanding landlord-tenant laws can be very challenging, especially when you’re trying to comply with each one. What can help, though, is a team of experts who are already capable of navigating these said laws. Professional Homestead property management companies like Real Property Management Dade offer industry experts with in-depth knowledge of landlord-tenant laws. They can offer an extensive assessment of your rental, as well as assistance in maintenance, repairs, and even tenant relations. The peace of mind that a professional property management company offers is well worth it in the end.
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