Important Landlord-Tenant Laws that you should know: When you are a landlord, it’s very important to figure out what laws you need to take into account. You really need to make sure that you know all the Landlord-Tenant Laws out there, as otherwise, you can end up with legal issues. also, just to inform you, we can help you in creating 2D or 3D floor plans, that can help you both tenants and landlords.
Here are some of the laws that you need to keep in mind.
Table of Contents
Important Landlord-Tenant Laws
State Laws
The state Landlord-Tenant Laws are all about terms and conditions related to the lease, how you handle evictions, creating lease termination guidelines, and what terms and conditions you can set as a part of your lease. You need to keep in mind that some states can say how much the landlord can require as a security deposit, how the funds can be handled and if you are allowed to use a trust account for your property or not.
Federal Landlord-Tenant Laws
These federal laws are mostly focused on the Fair Credit Reporting Act and the Fair Housing Act. The fair housing act is prohibiting discrimination and it also ends up preventing landlords to market their property only to a certain group of persons. The Fair Credit act is focused mostly on the idea that the landlord needs to receive permission from the potential tenant to run a credit report.
Legal Responsibilities for the Landlords
You can go to the US Department of Housing and Urban Development online or just visit your state’s real estate board to check the latest regulations in your area. The more you know about these rules, the better it will be in the end, and that will certainly help you a lot.
Things to Keep In Mind
As we mentioned earlier, you should always focus on avoiding any signs of discrimination. Your listing needs to be open to everyone. You should also have any disclosures related to the state of the property. That means you need to be transparent and open with the current state of the property in order to avoid any possible issues that can arise.
Also, you are required to provide a habitable unit that is also safe. Handling any heating, plumbing, fixture, or appliance problems is pretty much mandatory, so you may want to take that into consideration. Make sure that the legal lease document is updated and has all the information you need.
You can’t refuse to make repairs, it’s a part of the Landlord-Tenant Laws. On top of that, the way you can keep or handle security deposits will usually be covered by local laws, so try to take that into account.
Conclusion
One thing is certain, studying the Landlord-Tenant Laws will help you avoid many legal issues that can appear from time to time. Check these, make sure that you understand them correctly, and stay up to date if you rent properties often. It’s the best way to avoid lawsuits and potential legal issues down the road. It’s a lot better if you know exactly how to manage such a situation, so avoid rushing, study everything and you will be fine!
Related Articles: