Landlords wishing to protect their investment should ask potential tenants questions regarding the tenants' monthly income, the number of people expected to live in the home or apartment and if they have ever been evicted from a home or apartment, according to Erin Eberlin, Landlords & Property Investments Expert on About.com. Understanding past problems and anticipating future problems can help a landlord minimize risk associated with signing a contract with a new tenant.Continue Reading
By asking potential tenants why they plan on moving, a landlord can learn of potential issues that might make him less likely to rent his home or apartment to those tenants. A potential tenant who says he is changing jobs, for example, might be viewed as a lower-risk tenant than one who says he was evicted from his prior residence.
Asking a potential tenant if he is prepared to pay the security deposit and first month's rent before moving in can help a landlord determine if the potential tenant is a prime candidate with whom he actually can enter into an agreement.
Asking how many people are expected to live in an apartment or home helps a landlord determine if there is ample space for those people in the home. If there are twice as many people as there are bedrooms in the home or apartment, this may indicate a higher potential for wear and tear.Learn more about Real Estate
Examples of different types of leases include residential, commercial, and industrial properties, and lease terms are defined by agreements established between landlords and their tenants to validate contracts. The terms typically acknowledge the lease through signatures and dating to determine the beginning of the lease.Full Answer >
Both tenants and landlords use lease termination letters to end rental agreements and these letters should state the reasons for ending the lease within the proper notice period and according to the requirements of the lease agreement, as well as the availability of the property. Either party can terminate a lease as long they follow the process outlined in the rental agreement.Full Answer >
Virginia has several laws, as of 2015, that protect the rights of renters, such as requiring that landlords disclose the condition of properties, limiting the amount landlords can charge as security deposits, allowing tenants to withhold rent under certain circumstances, and setting the conditions under which landlords can access rental properties, explains Nolo. Renters in Virginia are also protected by federal laws, such as those barring discrimination and protecting tenants from exposure to health hazards, such as lead-based paint.Full Answer >
The purpose of the Landlord and Tenant Board is to supply Ontario, Canada, residential landlords and tenants with information pertinent to the 2006 Residential Tenancies Act that passed into law on Jan. 31, 2007. The board also works to resolve disputes between landlords and renters, according to the organization's official government website.Full Answer >