As a landlord, I am aware of the challenges faced in getting tenants as well as seeing to it that they are caring for the property. There are inherent risks in renting out a property. In this blog, I will be telling how a property management company has helped.
Preparation of a rent agreement
A
rent agreement can prevent the emergence of any dispute between the landlord
and the tenant. The agreement will list the obligations of the tenants and the
landlords clearly. It is clearly mentioned in the rent agreement that the
tenant cannot withhold the rent under any condition.
The tenant knows about the responsibilities.
I
am sure landlords face the problem of unruly tenants sometime or the other.
A property
management company can play a role in checking the behavior
of such tenants. It will communicate in clear terms the responsibilities of the
tenant. In rare cases, it can also help in getting the tenant
evicted.
A landlord can complain to the company.
Day-to-day
management of the property is not the headache of a landlord. When there is a
complaint about the tenant, I usually approach the property managers. Any
request for repairing damage to the property can be sent to the company that
acts on behalf of the landlord.
Ensure that the tenant knows about the municipal
by-laws
A
tenant may not be aware of the municipal by-laws. It has happened that I have
faced penalties because of violations by my tenant. The company will be
proactive in informing the tenant about the municipal by-laws.
Maintenance of the property
A property
management company can ensure that the property remains
intact. They provide property maintenance services which include commercial
cleaning as well as repairs that can pose a liability risk for the landlord. As
part of the services, lighting is also taken care of by the company as it can
be a security threat.
Eviction of the tenant
Property
management companies can help in the eviction of a tenant who has not been
following the responsibilities, which can cause a safety or health hazard. A
notice in the prescribed format will be issued by the company.
Claim for damages
It
is a known fact that tenants cause damages to the property. The case of the
landlord can be taken up with the landlord and tenant board.
