Tagsecurity deposit

Landlords: Should You Allow Pets? What About Pet Deposits?

If you ask most people with a pet how they feel about them, they’ll quickly answer that it’s part of the family. People LOVE their critters, which can be a sticky point for landlords. As someone looking to engage in a business relationship with tenants, you have a lot of questions to ask yourself about pets. Should you allow pets on the property? If so, should you charge a pet fee or pet rent...

What About That Security Deposit?

The dreaded question that looms: how much should I charge for a security deposit? Nobody likes to think about it, and even fewer people like dealing with the hassles that come of this issue. Most property management firms know that requiring a refundable security deposit is important. On occasion, you’ll see someone in the old Craigslist ads that just doesn’t get it: and that’s a big problem. The...

6 Conditions You Need in Your Lease Agreement

Say you just bought your first rental properties and you’re ready to get started on going through applications and getting them filled. But what about the lease agreement? What most novice property managers fail to realize is that the lease agreement is their safe haven in order to keep tenants on the same page. It is a binding contract that should outline what is expected of the tenants, as well...

About That Security Deposit

Dealing with the security deposit has always been a long hassle between landlords/property managers and tenants. Security deposits don’t always have to be a problem, this post gives advice to anyone who operates in the world of security deposits for rental properties and addresses some commonly asked questions. Know your State Laws It is important to know how much you are legally allowed to...

What Clauses Can Be In a Rental Agreement or Lease?

Whenever you sign a rental agreement or a lease, you’ve probably noticed that sometimes, they’re very short- while other times, they can be as long as ten pages or better. Sometimes, these agreements are fairly straight to the point and other times, it looks like something out of Law and Order: Rental Agreement and you may be sitting there looking it over waiting for that signature theme song...

When do you need to return the security deposit?

There seem to be a lot of misconceptions about what a security deposit is and what it is not. While it’s understandable to be a little unsure on the topic of normal wear and tear: the security deposit is something that is in fact, defined by law. Though the laws vary from state to state, there are a few things that are pretty much universal.

Tenants, Take Back Your Security Deposits

Stop worrying about whether your security deposit will be returned at lease end. No need to feel powerless, subject to the whim of king landlord. Here are some great tips and pieces of knowledge to help YOU take control, and take back what is rightfully yours. If you are unsure of whether you are responsible for the slight damages -You’re Probably Not! Here’s one that might surprise you: you are...

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