Property Management News
Even landlords who conduct in-depth analyses of tenant credit and financial health will experience some tenants who become financially unstable during the term of the lease. In an environment where replacing tenants can be challenging, many landlords should consider the potential benefits of negotiating a restructuring of the tenant’s lease obligations or offering an agreed exit strategy. Obtain Current Financial Statements Including in leases a provision that requires tenants to provide current financial statements will help landlords have the information necessary to assess the likelihood that a tenant’s inability to pay is due to temporary circumstances. Even if the lease does not... Read more
There seems to be quite a bit of confusion on the part of landlords and renters alike as to the difference between a security deposit and a move-in fee. The biggest...
A lease guarantor is an individual or entity who agrees to take responsibility for the lease obligations of a tenant if they are unable to fulfill them. They provide a...
California has specific laws in place when it comes to security deposits, and it is essential for both landlords and tenants to understand their rights and...
Renters in California will no longer be asked for a security deposit larger than one month’s rent, under a bill signed into law by Gov. Gavin Newsom. On...
A bill going through the California Legislature has the potential to limit the amount of security deposits for renters, reports MarketWatch’s Aarthi Swaminathan. Introduced in December, Bill 12 passed the state Assembly in May and now sits in the state Senate. If passed, it could be signed into law by September and would limit security deposits to one month’s rent, but would not change any of the liability on renters for damages, according to its author, Democratic Assemblyman Matt Haney. “California is behind the rest of the country on this,” Haney told MarketWatch. “People view this as a commonsense, fair solution to reduce the burden of housing costs and provide relief to... Read more
New lease trade-outs plummet nationally. A new report from Berkadia shows how concerns about slowing apartment demand and falling apartment rental rate growth is...
Normal wear and tear doesn’t count When a tenant moves into a rental property, he or she will pay the landlord a security deposit in addition to first month’s...
As eviction moratoria begin to expire, the importance of doing a thorough tenant background check on prospective renters has never been more important. Property owners...
As rents seem to be increasing daily, the cost of signing a lease for a new apartment is also growing. If a tenant is required by the landlord to pay a security deposit...
Accessibility