Landlord Newsletter September 25, 2012

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A Lease Addendum form can be used for making additional information or clauses a part of the lease.

When meeting with the tenants to do a lease signing, we often think of certain rules or clauses we'd like to add into the lease agreement. Most leases and rental agreements do not provide room for extra lease clauses (unless you are using The LPA Lease Agreement in word processor format)

The lease addendum form can easily be filled in at the time of lease signing with topics that are important to you that may not be already included in the lease agreement form. It's a handy form to have in your folder if the need arises to add any special clauses to your lease. (LPA members: MS Word and PDF fill-in versions available in Essential Forms!)

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FREE DOWNLOAD Lease Addendum Form

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 had a month-to-month lease with a tenant in North Carolina. They gave me less than 30 days notice of their move-out date, but I had collected the last month's rent up front. They moved out on the 15th, I owe them some pro-rated rent from that last month. Can I pro-rate it based on the 30 days notice that our lease stated? Or must I pro-rate it based on when they actually moved out?

PS. They are not getting any security deposit back based on the poor condition that they left the property. Can I use any of that last-month's rent toward damages?
Thank you for your time.
Katherine Ulrich, North Carolina
LPA member

A: You're really under no obligation to prorate it. If they left in the middle of the month with less than 30 days notice- You can keep it all. So if you want to refund some to be a nice guy, fine. But don't use the security. That's for damages.

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

Landlord Tip:

"Success is often achieved by those who don’t know that failure is inevitable." – Coco Chanel

"I would not want to be a politician... Let me tell you this: If I was campaigning, and I go against my opponent and he started attacking my character, and I leap over the table and choke him unconscious, would that help my campaign?" - Chuck Norris

"Losers live in the past. Winners learn from the past and enjoy working in the present toward the future." - Denis Waitley

"How much did your last tenant problem cost you? I expect your LPA Membership and arsenal of Essential Landlord Forms to save you from countless pitfalls and thousands of dollars on tenant related expenses in the coming years!" - John Nuzzolese

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
   

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!