Rental properties can often be lucrative investments (which is likely the main reason why you have chosen to manage your own in Saint Charles). Maximizing your ROI on a rental property requires charging the right amount of rent. While you do not want your rent prices to be prohibitive, you also want to charge enough to make owning and maintaining the property worth your while. This leads to the question of when you can legally raise a tenant's rent. Many come to our team here at Stephen A. Martin Attorney at Law with this same inquiry. The answer depends on the situation you are in.
Missouri eviction laws heavily favor tenants, as most states' eviction laws do these days. For this reason, it is imperative that a landlord understands both is or her rights and obligations to the tenant. If a landlord acts without first pursuing state statutes or consulting with an attorney, he or she runs the risk of violating a tenant's rights and therefore, forfeiting rights to his or her property.
As a Missouri landlord, you may occasionally encounter tenants who disobey the rules and do not live up to their obligations. If the violation is serious enough, you have the right to begin the process of eviction. The process starts with a written notice that informs your tenant of the default and gives him or her a reasonable amount of time in which to fix it. Unlawful detainer refers to the act of remaining in possession of the property without fixing the default within the time allotted. In this situation, you may seek assistance from the court to remove your tenant and retake possession of your property.
As a landlord in Missouri, there are moments in which you may run into potential legal issues with your tenants. There might even come a time when you believe their eviction is the best possible action you could take. Stephen A. Martin, attorney at law, is here to help if you ever need to evict a tenant.
Anyone who owns and rents residential properties in Louisiana will want to keep a close eye on any new or proposed laws that may impact their business. It is reasonable for a landlord to find ways to protect themselves financially and to ensure the proper care and condition of their properties. This is true whether they own multi-occupancy units, multiple single-family residences or just one single-family residence.
Most in Saint Charles would likely limit the extent of the landlord-tenant relationship to either businesses leasing commercial space or individuals paying for single-unit rental properties. Yet there are a number of other special business relationships that deal with residency that might also fall into this category. An unfamiliarity with these unique situations may be the reason why local property owners are so surprised to learn that legal issues that they are faced fall under landlord-tenant law. Thus, one should seek to clearly define the relationship that exists between them and their residential clients in order to be better prepared to respond to potential accusations of wrongdoing.
Being a landlord can be tough for many reasons, as we have discussed on our blog (non-payment of rent, etc.). However, some landlords find themselves in very unique circumstances and they are completely unsure of which course of action to take. For example, you may have a tenant who has a potentially dangerous dog and you could be worried that this animal will attack someone and you will be held responsible. In some instances, landlords have been held responsible for a tenant's dog attacking someone. As a result, it is critical to go over your options and deal with this properly.
If you have a rental property in Missouri, one of the main documents you must create is a lease. The lease protects you and your tenants. It ensures everyone understands the terms of the rental agreement and can prevent serious problems in the future. Because this document is so important, you must ensure you include the right information when you write it.
While the relationship between a landlord and a tenant is technically a professional one, it differs from other such relationships in that it involves personal matters. For this reason, tensions between these parties can easily escalate to the point where the potential for violence exists. This often prompts landlords to involve law enforcement to help guarantee their safety when trying to evict. They must, however, receive a judgment from a court authorizing them to commence eviction proceedings before petitioning for police assistance.
Dealing with a troubling tenant can be a nightmare when you rent out residential properties in Saint Charles. Not only do you have to deal with the financial uncertainty that such a tenant's tendencies may cause from month-to-month, but then there is also the long-term impact that his or her actions (or inactions) may have on the property. You may already be beyond fed up with such antics and ready to evict, yet does the law allow that? While you might think that you are the one who determines under what circumstances you can force someone to leave your rental properties, the state actually affords tenants certain eviction protections.