When you purchase rental property you are cocnetrating on making an income, whether it is a full-time income or just extra. When you first envision your property rentals, normally it would not include Landlord Tenant Disputes. There are always ways to avoid disputes from occurring in the first place if for example you have all your ducks lined up, so-to-speak. More often than not it is new landlords that get caught up in Landlord Tenant Disputes because they either didn't use common sense or didn't document particular issues well enough.
1. Have an Attorney or Solicitor
No one that owns a property ever likes to think about Landlord Tenant Disputes, but they happen and one way to keep yourself covered by the law is to make sure you have a lawyer that handles any lawsuits a tenant may bring against you. Easily done, new landlords often make the mistake that they have all the rights, but this isn't true in today's world. Having an attorney is very important because he or she can make sure all of your paperwork, such as leases are in accordance with the laws in your location. Today, tenants have more rights than ever and many are well aware of what is and isn't legal.
2. Keep the Property Well Maintained
Regardless whether you have a rental home or apartments, nothing will start Landlord Tenant Disputes faster than if you allow the property to go downhill and refuse to fix broken items in a tenant's home. Not only will your tenant begin to badger you about fixing that leak in the roof or the broken stove or whatever the dispute might be about, they can take legal action against you for failing to live up to your end of the lease agreement. Make sure you are familiar with the laws in your location that relate to repair and maintenance and also ensure you know exactly what is in the maintenance clause in your lease agreement.
3. Security Deposits
Probably the most common Landlord Tenant Disputes are over the return of security deposits or bonds. Before a tenant moves in you ask them to pay a security deposit or bond, the tenant has a right to get it back providing they have complied with the terms in the lease, given proper notice (as outlined in the lease), and left the house or apartment clean and without damage other than normal wear and tear. Never think as a landlord that you can withhold the security deposit simply because you feel like it. A lot of tenants have become very shrewd and will video tape or take photos of how they have left the apartment or home. Tenants often feel the need to be able to show proof that they left your property in good condition. You must by law give your tenant back their security deposit providing they have followed the required protocol.
Often, Landlord Tenant Disputes can be avoided simply by following the lease agreement. If you are a tenant, make sure you understand your rights and what is in the lease before you sign it. If you are a landlord, make sure you understand what your own lease says, it is surprising, but many landlords have run into disputes because they did not know what is in their own lease.