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Among the risks that all landlords are subjected to there are those connected to finance, damage, noise, constant complains of neighbours about tenants’ bad behavior, etc. One of the urgent risks nowadays is the utility debt. The utility payment has to be discussed before the agreement is signed. Either your tenants have to pay themselves or they give the money for utility payment to the landlords. The second scheme is more spread in our country as tenants usually prefer not to see their landlords additionally. So, they try to do it themselves. Though, in this case there may be more problems for you as you never know what to expect from the side of your tenant. You will have to check whether the bills are paid or not: it is necessary to ask for the bills and other documents proving that the payment has been done. Sometimes it can be very annoying for both sides. On the other hand if you do it yourself you will have to take care of everything yourself, however in this case you can be completely sure that there will not be any utility service debts. So, in every case it is necessary to decide what is more convenient for both sides. Moreover, it is a good idea to fix this agreement in the provisions of a lease to be sure that both parties are responsible for what is written in it.
There is one more way to prevent the risks of the telephone which is used by a lot of landlords: they switch off the international or intercity code ensuring themselves against problematic situations. Of course, it is not necessary to do it just at once. You can wait for a couple of month at your tenants to see what kind of people they are and how accurately they pay the bills. If they don’t do it properly it is high time you did it. In case the tenants need this service they will have to pay the debts. In case the situation has not been clarified, and your tenants do not want to pay their debts, you have the right to take the certificate about the debts you tenants have and demand to include the payment of these bills into the monthly rent payment. You see how important it is to include such small details into the contract, or else there is the threat of tenant eviction which totally unpleasant procedure. Nobody knows if it will be possible to clarify this situation, but with the contract you may be 100% sure in your rightness.
So be careful about the payments of your tenants and try to do your best to check if everything was paid in time.
Nowadays many people who hold additional flat try to conduct business on that. But quite often tenants turn down to pay their rent payments, and New York is not an exclusion here. Those landlords who are facing that kind of trouble might be interested in New York tenant landlord law. Cases can be different, and it is possible to cope with some of them just being aware of the appropriate landlord attorney New York information.
And bear in mind that we are living in the digital world of high technologies. If you are looking for any details regarding New York state eviction, use the web network. Search engines, forums, social networks and blogs – they all provide you with a truly unique opportunity to find anything at the best price on the market.
Tags: landloard attorney, landlord, landlord law, landlord New York
Posted in Current Affairs · July 26th, 2010 · Comments (0)
There are a lot of different reasons why people want to put their “extra” apartment on lease. Some of them can go abroad; some get an apartment as inheritance, etc. However, no matter what the reasons are, it is a good way to get a stable additional income every month. Some people think that it is the easiest way to get money. Nevertheless, if you get deeper into this issue, you will understand that this “easy” money can bring you a lot of gangers and risks. So, before putting your property on lease, it is better to learn all details in order to prevent possible conflicts and misunderstandings between tenants and landlords.
One of the most common problems is untimely payment or non-payment of the tenants. The majority of experts are unanimous in their recommendation how to prevent potential problems. They are sure that all conflicts can be settled legally in case you have concluded a good provision of a lease. It is highly recommended to conclude not a typical contract but the one that is adjusted to your personal needs. In the agreement is necessary to state the term of the lease, the sum of monthly payment, the total sum of payment that is supposed to be received during the period of lease, the terms and conditions of payment, some additional conditions like payment of utility, telephone bills, passport details and the names of all tenants. The more details you include into the agreement the easier it will be to settle the conflicts and misunderstandings. Every side has to have a copy of the agreement. In case the parties used the services of a specialized agency it also needs to have a sample of the agreement.
If any of the articles of the agreement are not fulfilled, it is high time you sued to the court. Some tenants do not do it as they are afraid that in this case they will have to pay taxes from the additional income. However it is doubtfully to happen, as the court does not pass any information to the tax inspection. It can be done only by your tenants that want to harm you.
The availability of passport details is extremely essential, but there is one more detail that you have to keep in mind: don’t forget to take the information about the relatives and friends of your potential tenants. Before signing the agreement you have to either call or visit them and make inquiries about them. This is a good way to spare you of the fraudsters. In this case it will be easier to “catch” your tenant in case some problems appear.
First put your apartment on lease for a couple of month and having learnt your tenants you can conclude the agreement for a longer term.
Today many people who own additional residential property try to make money with that. But often tenants turn down to pay their rent payments, and New York is not an exception here. Those landlords who are coming across this kind of trouble might be interested in New York tenant landlord law. Cases can be different, and it is possible to overcome some of them just possessing the proper NY tenant landlord information.
Also keep in mind that we live in the digital world of high technologies. Should you need any details concerning landlord tenant New York, avail yourself of the web network. Search engines, forums, social networks and blogs – they all provide you with a truly unique opportunity to find anything on the best terms which are available on the market.
Tags: landlord law, New York landlord, rent, tenant
Posted in Current Affairs · July 25th, 2010 · Comments (0)