The landlord-tenant relationship is a very unique one. Your tenant may have responsibilities that they are legally contracted to fulfill, but as a landlord and property owner, you have obligations to your tenant, as well. As you probably know, these obligations are detailed in the state, local, and federal landlord-tenant laws. More than that, though, what contributes to your tenant’s satisfaction is how well you follow the laws that govern your ownership of your Pelham rental property.
Not only will satisfied tenants stay in your rental property longer, thus reducing turnover costs, but they will also help you protect your investment as well. To help you keep your expenses down, research how the relationship between landlord-tenant laws and tenant satisfaction makes an impact on your business.
As a landlord, you have both rights and legal obligations toward your tenant. Many different laws govern rental properties at all levels of government. Habitability laws are really the ones that have a direct connection to tenant longevity. These are the laws that make sure that the rental property is in good condition and that it’s a place where people can actually live in. For example, in most states, landlords are required to keep their rental homes habitable and safe. This means that the property must not have serious deficiencies like broken plumbing and heating, fixtures, and appliances. And, the property must be pest and insect-free. This could even be true when the tenant has already moved in, depending on the location.
As a rule, repairs must be done promptly, and in some places, you must also provide standard safety equipment such as carbon monoxide detectors and fire extinguishers. Depending on your state or local municipality laws, your rental house might be regarded as uninhabitable if it’s missing a few of these key requirements.
Tenant Satisfaction and the Law
Tenants will expect their landlord to do their part in keeping the property in good living condition. If you don’t, then you can expect high tenant turnover, leading to more expenses to find new tenants monthly. It may also result in expensive lawsuits or other legal problems, especially if your rental home is not compliant with landlord-tenant law.
Thus, successful property owners know that high tenant satisfaction is just good business. Keeping a tenant in a rental long-term will lead to less monthly costs and guarantees monthly rental income. Aside from that, a satisfied tenant is more likely to help bring up issues in maintenance and repair so that you can quickly deal with them. Keeping your property becomes easier when your tenants feel just as responsible for maintaining the property’s good condition.
Finding Peace of Mind
Landlord-tenant laws can be very taxing, especially when you’re trying your best to ensure that you comply with every single one. What can help, though, is a team of experts who are already capable of navigating these said laws. Professional Pelham property management companies like Real Property Management Victory offer industry experts with in-depth knowledge of landlord-tenant laws. They can help with maintenance, repairs, tenant relations, as well as with the assessment of your rental property. Ultimately, hiring a professional property management company is a small price to pay for peace of mind.
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