tenants: How Much Should The Late Fee Be on Your Rental Agreement? - 05/22/08 12:56 AM
What is a proper and legal amount to charge a tenant when the rent is not paid as agreed?
Many landlords and property managers employ late fees to penalize their tenant for the added risk of a late payment. Some charge a flat fee and some a percentage of the … (14 comments)
tenants: Residents that vacate prior to the end of the lease. - 03/28/08 01:08 PM
There are a lot of reasons why a tenant might try to break a lease. Some may be valid and require the landlord to allow this to happen. One example is a military transfer. But, most sitiuations are simply a choice, like a civilian job transfer or promotion, don't like the neighborhood, … (1 comments)
tenants: What is your pet policy? - 03/24/08 05:27 PM
If you are renting property you need to consider what your pet policy is. Did you know that approximately 60% of the population has a pet? If you do not take pets, you are instantly reducing your pool of tenants down to 4 out of 10 people! We normally suggest that our … (7 comments)
tenants: Mold Lease Clause - 03/20/08 02:04 PM
Your rental agreement should not be without a lease clause that instructs the resident how to deal with mold. Mold is still a problem in that some residents don't know where it comes from and how to prevent it. Also, there are attorneys out there that want to make your life … (1 comments)
tenants: Who keeps late fees? - 03/15/08 11:19 PM
Property management companies around the country have different policies on who keeps late fees paid by the tenant. Late fees are charged to tenants when they pay their rent late. Who keeps the collected late fees is a contractual matter between the owner and their property manager. Most management companies have … (3 comments)
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