An Inside Look At Landlords' Rights And Responsibilities

If you are a landlord, you're definitely aware that it comes with a lot of responsibilities

. The monetary gains can be quite rewarding, but your duties aren't just collecting the monthly rent. Aside from maintaining account details, you're also required to perform property maintenance, prepare legal documents, post advertising, and more.

Commercial Responsibilities: Depending on the details mentioned on the lease document, much of the interior repairs - if they're small - should be carried out by the tenant. In order to avoid conflicts, it's wise to predefine the terms on the lease. A clause related to repairing the property should be added in the lease papers.

When leasing a building for commercial use, make sure: All the details regarding the repairs and damages are very clearly mentioned on the lease contract papers. The building follows code for what's stated in the Commercial Building Regulation Law. All electrical equipment provided should be in good working condition and properly checked for safety.

Legal Responsibilities: As mentioned earlier, being a landlord isn't easy; you have to be alert all the time. Let's talk briefly about the legal responsibilities and rights of the landlord:

As per the terms and conditions laid out on the contract papers, the repair work should be carried out accordingly. Safety of the tenant should be taken into account when renting the property, so make sure to check the structure and all electrical areas for safety. Before the property is rented out, the area should be properly disinfected to prevent insects, rodents and other pests. Before the landlord can enter the property premises, he or she has to give an advanced notice.

Maintenance Responsibilities: Like stated above, if there is any property maintenance issues, the tenant needs to let the landlord or management know right away. If action is not taken by the landlord or the concerned authority in 24 hours, it's likely the tenant will be a bit angry. If there is any minor maintenance issue, the tenant should carry out the repair task right away and not rely on the management.

If something in the residential property needs maintenance, the immediate thing to be done by the tenant is to provide a written application stating the problem and give it to the landlord or the person who comes and collects the rent.

by: Michelle Johnson.

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