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Landlord's Legal Kit For Dummies [NOOK Book]

Overview

Learn to:

  • Understand the rights and responsibilities of residential landlords
  • Get up to speed on residential property law
  • Grasp tenant rights and avoid legal ramifications from renters

Your go-to guide to residential rental law

Success as a landlord means more than finding residents, collecting rent, and performing repairs and maintenance....

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Landlord's Legal Kit For Dummies

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Overview

Learn to:

  • Understand the rights and responsibilities of residential landlords
  • Get up to speed on residential property law
  • Grasp tenant rights and avoid legal ramifications from renters

Your go-to guide to residential rental law

Success as a landlord means more than finding residents, collecting rent, and performing repairs and maintenance. Based on expert, hands-on experience, this friendly guide leads you through the legal minefield of owning and managing residential rental properties so you can comply with federal, state, and local laws—and steer clear of costly consequences.

  • The keys to success — get started with the fundamentals, from protecting your legal assets and insuring your new property to hiring—or firing—a property manager
  • Take on new residents — grasp the legal aspects of advertising, set your property’s rents, approve or reject applicants, and compose your lease or rental agreement
  • Honor your duties — maintain habitable housing, minimize injuries, eliminate hazardous environmental conditions, and protect residents and workers from criminal acts
  • The Tax Man — get up to speed on current tax laws, keep track of income and expenses, maximize deductions to minimize taxes, and keep impeccable financial records
  • Learn about leases — find out how to handle cotenancies, sublets, and assignments, as well as ways to terminate leases by legal means

Open the book and find:

  • Contracts, forms, and other documents
  • How to avoid and protect against claims commonly filed against landlords
  • Legal obligations that landlords need to uphold for their residents
  • The lowdown on the Fair Housing Act
  • Applicant screening questionnaires and antidiscrimination policies
  • How to handle breach of lease situations and evictions
  • Ways to establish a security deposit policy
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Product Details

  • ISBN-13: 9781118775110
  • Publisher: Wiley
  • Publication date: 6/2/2014
  • Series: For Dummies Series
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 408
  • Sales rank: 393,402
  • File size: 3 MB

Meet the Author

Laurence C. Harmon, JD, is the CEO of HARMONLAW LLC, specializing in apartment-related legal and property management consulting.

Robert S. Griswold, MBA, MSBA, is a successful real estate investor and property manager with a large portfolio of residential and commercial rental properties.

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Table of Contents

Introduction  1

Part I: Getting Started with Landlording Fundamentals 5

Chapter 1: Grasping the Legal Fundamentals of Managing Residential Rentals 7

Chapter 2: Protecting Your Legal Assets 23

Chapter 3: Taking Possession of a Rental Property 41

Chapter 4: Hiring a Property Manager 59

Part II: Advertising and Taking on New Residents Legally  75

Chapter 5: Getting the Lowdown on Fair Housing 77

Chapter 6: Exploring the Legal Aspects of Advertising 99

Chapter 7: Addressing the Legalities of Rent Collection and Rent Control 111

Chapter 8: Screening Applicants: Knowing When to Approve or Reject Them 137

Chapter 9: Composing Your Rental Contract 153

Chapter 10: Establishing a Security Deposit Policy 185

Chapter 11: Moving in a New Resident 201

Part III: Recognizing Your Responsibilities and Liabilities  221

Chapter 12: Repairing and Maintaining the Premises 223

Chapter 13: Minimizing Injuries from Potentially Dangerous Conditions 245

Chapter 14: Preventing and Eliminating Hazardous Environmental Conditions 259

Chapter 15: Protecting Residents and Workers from Criminal Acts 277

Chapter 16: Understanding Resident Privacy and Your Right to Enter the Premises 297

Chapter 17: Resolving Landlord-Resident Disputes 309

Part IV: Changing and Ending Leases  321

Chapter 18: Handling Cotenancies, Sublets, Assignments, and Guests 323

Chapter 19: Revising and Terminating Rental Contracts 331

Chapter 20: Moving a Resident Out 349

Part V: The Part of Tens  357

Chapter 21: Ten Tips for Staying Out of Legal Trouble 359

Chapter 22: Ten (or So) Tips for Being a Better Landlord 365

Index  371

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