You’ve listed your home rental, set the rental price and found your hopefully QUALITY tenant! Now, are you ready to turn your largest home investment over to a bunch of strangers who you HOPE work out? If you’re using a basic rental agreement you found online, probably not. Rental agreements or leases are the backbone of your landlord – tenant relationship, skimping on the details now could cost you. Here’s why seeking professional help from Phoenix rental management companies is a must.
They Understand Your Legal Responsibilities
Drafting a legal document is a tricky art – a lease is no different. Simply put, a lease is a contract between the tenant and you; within that contract you can include nearly any stipulation you can imagine. Some things like who handles repairs, inspections, late fees for rent and other stipulations are important to set ground rules with tenants. However, including discriminatory or infringing items within the contract can land you in hot water and may void the entire contract. AZ based KRK Realty and Management understands that legal matters are difficult – that’s why we use a well drafted lease that has been reviewed by a lawyer to protect your investments.
They’re Up-to-Date with Current Arizona Landlord Laws
Tenants enjoy a great deal of protection from unfair housing practices. These laws can change rapidly, even overnight. Some tenants may even learn of laws and use them to exploit you, when they do it can take several months and expensive court fees to evict tenants. You don’t have time to keep up with the constantly changing Arizona real estate laws -- that’s just one of several reasons of why having a qualified and educate rental management company is an important part of becoming a landlord.
Their Leases are tailored to Local Arizona Real Estate Laws
Online databases selling rental agreements will not be in compliance with our local laws in Arizona. The only way to obtain a lease that is well suited to your exact property, needs and state laws is to speak to a property manager like . Even a qualified lawyer’s office may not understand your property and fail to include important areas – such as care of landscaping, pools, fixtures etc.
Signing the right lease is important for you and your tenant. You don’t want to chase away great tenants because of a lease that is too strict; and you don’t want to give free reign to a tenant who fails to care for your property. Rental management companies know how to draft the perfect contract that’s fair for you and your tenants.
If you are looking for more information about AZ rental agreements or property management advice, please contact KRK Realty & Management here.
No comments:
Post a Comment