1 / 1

Legal Mistakes Property Owners Should Not Commit

Lonestarrealty
Download Presentation

Legal Mistakes Property Owners Should Not Commit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Legal Mistakes Property Owners Should Not Commit Handling a real estate property on your own can be tricky sometimes, specifically when your decision may have legal implications.  Here are few legal mistakes that property owners should avoid committing. Don't use generic or outdated rental lease agreement forms. Make sure that the forms are in compliance with local and state housing laws.   Make sure that you ask relevant questions during tenant screening and avoid questions that are discriminatory in nature. Not returning the security deposit at the end of lease period is an offence punishable by law. So, make sure that you return the security deposit to the tenant to avoid any legal trouble.  Late fee fine can motivate tenants to pay their rent on time, but setting a high late fee can be invalidated by court. Ensure that you do not discriminate people on the basis of race, religion, color, creed etc., since it is against the fair housing law.  www.lonestarrealty.net Lone Star Realty & Property Management, Inc. 1020 West Jasper Drive, Killeen, TX 76542 Phone: (254) 699 - 7003

More Related