Home : State Landlord and Tenant Acts - Do You Know Yours?

State Landlord and Tenant Acts - Do You Know Yours?

Posted by Tina Merritt on 11/17/2009 at 4:36 PM
Posted in Real Estate Investing

Blog Image The thought of reading through a lengthy legislative act is painful to many of us; however, for a real estate investor, this is one that is a necessity. Your State's Landlord and Tenant legislation is something investors must be familiar with and have on hand at all times.

Why? Because this legislation dictates how many properties one must own before coming under certain rules and regulations. It talks about what happens when a lease expires and the landlord/tenant have a verbal agreement to extend. It dictates the procedure for eviction and tenant personal belongings left behind. It defines property abandonment and how a landlord can take back possession of a property.

Judges follow these Acts. If, as a landlord, you know your rights and those of your tenants, you will be better prepared for legal issues that arise and whether they are worth defending/pursuing in a court of law.

I recommend downloading the Act to your computer, as well as printing it out and keeping it in a convenient place for reference. Here is a link to the Acts for all 50 States. Have fun reading!

Tina Merritt is an 11 year veteran Real Estate Agent and Trainer based out of Virginia Beach, Virginia. She holds a degree in economics from Virginia Tech and post-baccalaureate from Virginia Commonwealth in real estate and land development. As an avid social networker and internet marketer, Tina helps real estate agents, loan officers and affiliated industries embrace technology. As a real estate agent, Tina primarily deals with marketing and selling properties deemed "hard to sell" and also works with real estate investors helping them build and/or liquidate their portfolios for maximum profit.

Please log in or join to comment.

2 Comments

Posted by member1982261 on 11/19/2009 11:24 AM

I'm familiar with the Ontario's (Canada) legislation and I can tell you that it's very hard to make money as a landlord here. There is a rent control, which protects tenants and doesn't allow landlords to increase the rent as they see fit or to what the market could bear. It's close to impossible to get a positive cash flowing property in big cities like Toronto as our Canadian RE bubble is still raging.

John,
http://www.canadabanks.net/default.aspx?article=Canadian+Mortgage+Guide

Posted by member11043775 on 12/03/2009 10:35 AM

Before coming to this blog i was unaware of any such act, this blog contains very interesting topics.

http://www.remaxayyildiz.com

Please log in or join to comment.

Newer

Older

Home