Renting your property to another individual offers a number of benefits. You will be able to collect a rental check, and this will increase your monthly income. However, there are drawbacks when it comes to being a landlord and some of these may potentially result in a legal dispute. By knowing the specific reasons you may need to rely on the expertise of a lawyer, this may be helpful in avoiding these situations.
Reason #1: Injuries
It's in your best interest to ensure the rental property is in good condition before renting it out to your tenant. You should do a thorough inspection of the inside and outside of the home or apartment you're renting.
This will allow you to find any damages that need to be fixed that may contribute to an injury, such as worn out flooring that has holes in it.
Reason #2: Eviction
It's important for your tenant to abide by the requirements you outlined in the rental contract. If this isn't the case, you will have the legal right to evict this individual.
Listed below are some of the most common reasons for eviction:
1. Failure to pay rent on time each month.
2. Causing damage to the rental property.
3. Not obeying the law, such as selling drugs or engaging in other illegal activity.
4. Having a pet in the rental unit if you stated in the rental contract that no pets were allowed.
Reason #3: Discrimination
It's the legal responsibility of the landlord to offer the rental unit to any individual that can afford to pay the rent. If the owner of the property refuses to do so because of race, color or religion this is considered to be discrimination and could result in a legal action being taken against the landlord.
Reason #4: Failure to maintain the property
Any issues that result on the property that requires repairing must be done by the landlord within a reasonable amount of time. Failure to do so could result in the tenant filing a lawsuit against the property owner in a court of law.
It's ideal for any landlord to be aware of what could happen when renting the property out to other people. This may prevent these instances from occurring at all. However, if you're faced with any type of legal action filed against you, be sure to consult with a real estate attorney to assist you.
To learn more, contact an attorney like Colin W. Robinson Attorney.