Property Management News

Reading the fine print of a contract between a landlord and tenant is always important, but adding special language to a lease can help decrease the risk of litigation after damage caused by a hurricane. That’s according to Marko Cerenko of Kluger, Kaplan, Silverman, Katzen & Levine in Miami, who said a lease must specify who is responsible for procuring and maintaining the property or casualty insurance. “For example, is it going to be full replacement value or a lesser amount? Also, the specific coverages to be provided under such insurance. That in itself is the first step,” Cerenko said. There can be a lot of pitfalls in the details of a lease, Cerenko noted. Among the most... Read more

Sometimes despite a landlord’s best screening efforts and a property manager’s rules against smoking, you can still end up needing to remove smoke smells from a rental unit. Maybe you have no-smoking rules, and your tenant did not smoke, but had guests in the rental unit who did, so here are some ideas. By Holly Welles Your tenants just moved out, and instead of leaving a clean, fresh apartment behind, they’ve left a unit that reeks of cigarette smoke. The smell permeates every corner of the property and now poses a health hazard to neighbors and future residents. Property managers may be discouraged by the damage that lingering smoke creates. Not only will it cost resources to... Read more