Landlord Newsletter First Right of Refusal Addendum

Dear Fellow Landlord,

In this newsletter:

• Giving your Tenant First Right of Refusal
  
• FREE First Right of Refusal Addendum
• Ask the Attorney, Real Estate Attorney, John Reno
  
• FREE Tenant Credit Reporting Site Feature for LPA Members
  
• Wealth Secrets and Success Quotes
  

Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month!
John Nuzzolese
John@theLPA.com

Often, rental prospects ask questions like, "Will you give me an option to buy?". In today's economy they are also asking, "Is this home currently for sale?" or "Is this home in foreclosure?" They may ask these questions for a few different reasons.

I find the question, "Will you give me an option to buy?" is asked for two different reasons, depending on the prospect.
a. The prospect may really intend to rent your property and then purchase it, or
b. the prospect wishes to build credibility with the landlord (you) by posing as a potential purchaser, in order to pass your screening process.

The question, "Is the home for sale or in foreclosure?" is asked because we are all hearing horror stories in this economy about people who move into a property and are forced to move out of again in a short time. Are your tenants prospects worried that you might sell the property out from under them or that you might lose the house?

You can assure your tenants that they don't have to worry, by giving them a "First Right of Refusal" addendum with their lease contract. It tells the tenant that they will be given the opportunity to purchase your property first, before making it available to the rest of the market...

LPA Essential Form Download First Right of Refusal Addendum This Essential Landlord Form is priced at $6.99! Today LPA Newsletter Subscribers Get it FREE - just like LPA Members do! Check out more Essential Forms All The LPA's Essential Forms are included with membership FREE!

The Landlord Protection Agency® presents John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

John Reno also does Mortgage Loan Modifications (Nationwide).
(Mention The LPA for a 10% discount!)

Dear Mr. Reno:
I have a tenant that did not tell me she was moving out until 4 days after the rent is due, and she still has not paid me rent for the month and is still moving her stuff out, what are my rights?
Nancy B., Westchester, NY

A: You can start a non-payment, but probably don't need to. What's left? Sue in small claims for rent?

If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Submit a landlord / tenant question for Mr. Reno
Please try to keep your questions as short and to the point as possible.

Have you ever been beaten by a tenant on the rent? Most of us have and unfortunately, it is one of the costs of doing business as a landlord.
On the brighter side, remedies are available for many. If you have documented your tenancy with the proper paperwork including a rental application, lease agreement, late notices, etc., you may have a chance of collecting.

Credit bureau reporting is an option in which many modern landlords are beginning to participate....

Click here for the full article

If you haven't already, please take the opportunity to sign up for The LPA's Quick Check Credit Reports! Quick Check is a simple, fast way to access online credit reports while saving you money!

TransUnion Credit Bureau has partnered with The Landlord Protection Agency to provide an alternative option in on-line tenant screening. Private landlords who choose to avoid the qualifying process required for establishing a direct access account for credit reports now have another way. TransUnion gives LPA Members discounted access to LPA Members $5.00 lower per report than what TransUnion charges directly.

How does SmartMove work?
SmartMove is used when someone is interested in applying to rent a property. In order to begin the process, the potential renter MUST provide an email address to the landlord. Once the email address has been provided, the process generally goes as follows:

• Landlord initiates a screening request using the email address provided by the applicant. (If the landlord is new to SmartMove, he or she must create an account and add at least 1 property.)
  
• Rental applicant is sent the application request via email and chooses to accept or decline the screening. (If the applicant is new to SmartMove, he or she must create an account in order to accept or decline the request.) ...

As a landlord trying to rent out a vacancy, have you ever thought about how backwards the process is? You're the landlord. Why do you become a secretary answering phone calls all day every time you slap a 'For Rent' sign in front of a unit or place a classified ad?

Wouldn't you love to streamline the process ...

"When life gives you lemons....throw them at people...and aim for the head!" - Dan Riley

"If the tenant doesn't want to let you see his credit report, Cut. Him. Loose!" - John Nuzzolese, TheLPA.com

"Your life~the way it looks today is a result of your choices...What will you choose today for your tomorrows?" - Robert G. Allen

"How much did your last tenant problem cost you?" - John Nuzzolese, The Landlord Protection Agency

How to Check your LPA Membership Expiration Date:

1. Be logged in with your LPA username & password
   
2. On the "Main Menu" (top right), click on "Your Orders" (right below your name)
   
3. The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD
   

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