hud: Landlording - Ten Things to Be Aware of! Numbers 1 - 3
- 04/25/08 03:32 AM
Never hand over the keys to the property until tenant provides proof of utility connection (electricity & water). Why?• Many times ROOKIE Landlords will connect electricity and water to their properties to perform maintenance in-between renters. The water and electricity must be working for Section 8 or HUD inspections, an insurance four point inspection or for the rehab crew to use. While this is OK, many owners forget that when they rent to tenants, they must disconnect the utilities before they move in not after. By law, once the tenant moves in and the utilities are still in the landlord's name, … (3 comments)
Never hand over the keys to the property until tenant provides proof of utility connection (electricity & water). Why?• Many times ROOKIE Landlords will connect electricity and water to their properties to perform maintenance in-between renters. The water and electricity must be working for Section 8 or HUD inspections, an insurance four point inspection or for the rehab crew to use. While this is OK, many owners forget that when they rent to tenants, they must disconnect the utilities before they move in not after. By law, once the tenant moves in and the utilities are still in the landlord's name, … (3 comments)
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