Property Management News

Landlords who have gone to court will tell you – there seems to be a bias against them when it comes to lease enforcement. Sure, it’s not fair, but there is a basis for it: You were the one who provided the lease in the first place. You had the opportunity to get it right. That’s why some judges show no mercy when there’s a mistake. Unfortunately, a few errors are fatal when it comes to enforcing your lease. If you have committed any of these offenses, think twice before taking your case in front of a judge: 1. Signature screw-ups. Your signature is not the one that matters. Unless you can show the judge your tenant’s signature on the lease, it is not a... Read more

Although a late fees provision in included in nearly every standard lease agreement, determining whether the fees you charge are legal is anything but standard. Why? Because late fees are governed by so many different laws, right down to the municipality, that the parameters may be unclear. Most agree on one thing: generally, late fees are enforceable: when they are clearly described in a written lease agreement when they are reasonable, and not excessive Get It In Writing Many standard lease agreement forms do not contain the correct language regarding late fees for your area. Buy state-specific forms. You should always have an attorney familiar with the laws in the state and city... Read more