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Landlord's Legal Kit for Dummies

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Highlights

  • ISBN13:9781118775196
  • ISBN10:1118775198
  • Publisher:For Dummies
  • Language:English
  • Author:Griswold and Laurence Harmon
  • Binding:Paperback
  • Pages:390
  • Sub Genre:Real Estate
  • SUPC: SDL821900623

Description

On the Back Cover

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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