If you’re a landlord, you provide housing for others who cannot afford to buy their own land or house (or choose not to). If you’re a conscientious landlord, you take care of that property so your tenants have a proper place to live.
But at some point, you may need to part ways with the tenant (whether by choice or force). As a landlord, you may have noticed an increase in tenant rights and a corresponding decrease in landlord rights. This may be a case of the few ruining it for the many, but such things are here to stay. We work with what we’re dealt.
If you do need to remove a tenant, there are legal and ethical steps you need to take, and it pays to build these in to your rental agreement from the start. Think of it as a “prenuptial” type of lease or rental agreement that matches your local eviction laws. For instance, if you’re required to give 60 days notice in case you need to remodel, make sure your lease says that. Tie up potential loose ends at the start. You may be glad you did at some point, though hopefully it’s never necessary.
Has managing your rental property become a hassle? Interested in selling it? Call or text me at (718) 399-3320