The landlord-tenant relationship is a very significant one. Your tenants are legally contracted to follow the terms of the lease; but as a landlord and property owner, you have obligations to your tenant, as well. As you probably know, these obligations are detailed in the state, local, and federal landlord-tenant laws. Keeping your tenant satisfied, however, has a lot to do with how you follow the laws that govern landlords, especially in owning Anacortes rental property.
Not only will satisfied tenants stay in your rental property longer, thus reducing turnover costs, but they will also help you protect your investment as well. To really help you keep your expenses down, research how the relationship between landlord-tenant laws and tenant satisfaction makes an impact on your business.
As a landlord, you have both rights and legal obligations toward your tenant. Many different laws govern rental properties at all levels of government. It’s the habitability laws that have such an impact on tenant longevity. These are the laws that make sure that the rental property is in good condition and that it’s a place where people can actually live in. For example, in most states, landlords are required to keep their rental homes habitable and safe. This means that the property must not have serious deficiencies like broken plumbing and heating, fixtures, and appliances. Also, the property must be rid of any pests and insects. Depending on your location, even when the tenant has already moved in, this could very well still be the case.
As a rule, repairs must be done promptly, and in some places, you must also provide standard safety equipment such as carbon monoxide detectors and fire extinguishers. If you want your rental house to be considered livable under certain laws of your state or local municipality, these requirements should be present in your rental property.
Tenant Satisfaction and the Law
Tenants will expect their landlord to do their part in keeping the property in good living condition. If you don’t, then you can expect high tenant turnover, leading to more expenses to find new tenants monthly. It may also result in expensive lawsuits or other legal problems, especially if your rental home is not compliant with landlord-tenant law.
Thus, successful property owners know that high tenant satisfaction is just good business. Keeping a tenant in a rental long-term helps in keeping the monthly costs low, as well as makes monthly rental income. A satisfied tenant will most likely report any issues in maintenance and repair so that you are constantly on top of your property’s situation. When both tenant and landlord are proactive in keeping the property in good condition, maintenance becomes easier.
Finding Peace of Mind
It’s no secret that landlord-tenant laws can be troublesome to understand. And, it’s even more challenging when you’re uncertain which ones you’re complying with or not. This is when you require the assistance of a team of experts who know exactly what they’re doing. Professional Anacortes property management companies like Real Property Management Teyata offer industry experts with in-depth knowledge of landlord-tenant laws. They can make assessments regarding the status and trajectory of your rental, and they can also help with maintenance, repairs, and tenant relations. Hire a professional property management company. It might cost you, but that’s a tiny price to pay for your peace of mind.
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