Before a tenant moves into your rental property, it is essential that conditions, restrictions, and expectations are drawn out clearly and firmly. While the purpose of a lease is to protect the tenant as well as the landlord, it is important renters are made aware of which actions are permissible and which actions serve as grounds for eviction. Leasing is among the many services available to landlords through a property management company, including creating, renewing, and terminating leases. Working with an experienced property manager to resolve matters involving leases helps to prevent costly or illegal mistakes. If you are unsure of what terms will benefit your property in the long run, a professional will know from experience how to create and enforce a well-written, easy to understand rental agreement.
Conditions & Restrictions
Many of the terms landlords add into their lease are subjective to their individual preferences and what they feel will prevent nuisances and save on cleaning and repair costs. Keeping their client’s investment secure and in good condition is the main goal of any dependable property manager. Memphis agents, depending on your desired level of involvement, will select or help you to choose terms and restrictions that will prevent damage and disruptions. Limiting the amount of tenants per unit and prohibiting illegal activity, alterations to the property, subleasing, pets, and/or smoking are some common conditions landlords set in place to prevent future inconveniences. Enforcing the terms outlined in their clients’ rental agreements is another service property managers offer, as many investors are unable to personally supervise their properties.
Legal Knowledge
Paying rent and acknowledging the conditions they agreed to in their rental agreements are the two main duties tenants are legally required to fulfill. In the event a renter on your property is unable to or refuses to abide by the terms in the lease, your agent will take the necessary steps laid out by state and local rental codes and regulations. Instances involving disrespectful tenants are frustrating for any landlord, and some may be inclined to act rashly in an attempt to evict the tenant, such as lockouts. However, a well-trained agent will know how to handle each situation gracefully and with respect to state and local housing laws.
For leasing expertise and a long list of other beneficial services to choose from, contact Real Property Management. Visit Memphis.realpropertymgt.com/ to know more.
