How To Become The Perfect Landlord? - 0 views
started by mikejohnarizona on 14 Jul 20
started by mikejohnarizona on 14 Jul 20
started by mikejohnarizona on 14 Jul 20
started by mikejohnarizona on 14 Jul 20
Treating your tenants well and getting along with them can help you to increase profitability and avoid unpleasant surprises in the future. We present to you the ten points that a good landlord must meet.
You can consult Cheap Apartment for rent in downtown Dubai to get more effective information about how to become a landlord from the best experts of Zoom Property.
Although rental insurance helps minimize them, if you are not willing to take any risk and responsibility, it is best not to rent.
To ensure payment, the owner has the duty to demand the payment of a deposit corresponding to a monthly rent. In addition, you can also request additional guarantees such as a deposit, a guarantor or a bank guarantee.
Contracting a rental insurance or requesting information from the Non-Paying Tenants File avoids possible risks, but questioning the tenant or getting into his private life is not acceptable.
Although the LAU does not require that the installation of supplies be carried out by the landlord, it must be considered that it is something that benefits your home.
The same happens with renting the painted and clean property. It is not mandatory, but it will be appreciated by the tenant and will make things much easier when it comes to leasing the house. Of course, the tenant will also have the obligation to leave it as it was found.
The rights of use and enjoyment of the property after signing the contract belong to the tenant, so it is strictly forbidden to access the rented house no matter what happens (even if it is in a situation of non-payment of rental income).
Although it may be negotiable in the contract, it is normal for the tenant to bear the cost of the supplies, while the landlord is responsible for paying the IBI and the expenses of the community of owners.
The first thing to note at this point is that the deposit must always be deposited with the corresponding body in the community (the landlord can never keep it). When the time comes, he must order the return of it to the tenant, as long as there are no flaws in the home.
If there are, the landlord must communicate it (with reliable evidence) in court and the judge will decide if the owner can keep the deposit and in what percentage.
For those contracts prior to June 2013, the law establishes that the update of the rent is marked based on the general CPI, unless another system has been established in the contract.
This means that if the CPI goes up, the rent goes up. In the same way, if the CPI goes down, the monthly rent should also go down. The 2013 LAU establishes the freedom of agreement between the parties when updating the rental income.
Thus, on the date that each year of the contract expires, the rent will be updated in the terms agreed by the lessor and lessee, leaving the General CPI as a reference for the review when there is no express agreement in this regard.
Although the tenants have to take charge of the repair of the damages caused by a bad use of the objects or devices that are in the house, the damages generated by the antiquity of the same ones are borne by the owner of the property.
The LAU 2013 allows, as long as the owner agrees, the tenant to make improvement works in the house and that the amount of these can be deducted from the rental income. Some owners refuse to carry out the works, however, it is worth evaluating, since they can be one.
Be that as it may, the landlord has the obligation to allow adaptability works inside the house if the tenant, his spouse or the people or relatives who live permanently in the house have a disability or are over 70 years old.
In this case, these should not affect common elements or services of the building, nor its stability or security, and, once the contract has ended, the owner can demand that the property remain as it was before.
One way to avoid problems with the tenant is to be kind and understanding (not naive) with him. Trying to get along, go when you have an emergency and be responsible when you touch, helps you to have a good relationship with the tenant.