Tenants come in all forms and they typically rent out apartments, commercial buildings, homes, condos, and town-homes. Many have different viewpoints depending on the type of property they are renting or their past history. Some feel that they have little to no obligations since they are not the property owner while others feel a sense of ownership in the home.
What to consider when renting someone else’s property
First and foremost is to consider that you are not the property owner. This limits the tenant’s ability to make certain decisions. For instance, who completes the repairs, what improvements are made, will the rent increase, and how long can I continue to rent the property. Now there are some cases that the lease will grant the tenant some rights to the items previously list, but generally speaking, tenants do not have the same decision making ability as the landlord.
Another important item to take into consideration is that leasing out property does not always mean a tenant is not responsible for maintenance. Some leases state the landlord makes all the repairs while others leave it up to the tenant. In commercial leases, it is common for the tenant to maintain the building and surrounding grounds at their expense. Conversely, many apartment communities will take care of all the needed repairs for their residents. If you are only going to read part of the lease, be sure to read the section that discusses property maintenance and what the tenant is responsible for.
Knowing your rights as a tenant is also very important. What happens if the roof leaks and it damages all my personal belongings? My landlords entered the property without my consent or the repairman sent out was not licensed and its still not fixed. This is another important area to take into consideration. Unfortunately, tenants are often at a disadvantage. Typically, they are not familiar with the laws, their rights and seldom do they read all the terms stated in their lease agreement. There are many different websites that post information about tenant rights and the laws in that state, but most of the information is very general and often times causes a tenant to cite a law that does not apply to their circumstance.
So what do you do?
Become informed. This site will talk about varying issues that affect tenants; providing how to guides, tips, and articles. The goal is to provide tenants with the knowledge and tools to combat the day to day challenges they face when living in someone else’s property. While each state is slightly different, you will be given powerful information that will prepare you for what is ahead and help guide you to make the best decisions in order to ensure that your rights as a tenant are being protected.
July 29, 2013