Free Landlord Newsletter - 6 Lease Renewal Points to Consider

Dear Fellow Landlord,
I once said, "You think you know someone? You don't really know them until they've rented from you." With this in mind, I share with you 6 Lease Renewal Points to consider when it is time for you to decide whether to extend a lease agreement or terminate it.
Since the summer is near, and if your property has a swimming pool (or if the tenants added one), I included a Free download of a Swimming Pool Addendum

In this newsletter:

• 6 Lease Renewal Points to Consider
  
• Free Form - Swimming Pool Lease Addendum
  
• Landlord Tip - Don't Forget the Landlord Reference!
  
• Ask the Attorney, Real Estate Attorney, John Reno
  
• Credit Reporting
  
• Quotes for Success and Inspiration
  

Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month and an even more successful year ahead.
John Nuzzolese
John@theLPA.com

I once said, "You think you know someone? You don't really know them until they've rented from you."
There are many aspects of a rental property or tenancy that you will have the option to change with a renewal or a termination.

• Upgrade in Tenant(s)
  The Notice of Lease Non-Renewal is a type of lease termination notice for a soon expiring lease you want to end with your current tenants. Most tenants expect to re-new the lease or stay on a "month to month" after the original lease expires, but this form tells them in a friendly yet business-like way to leave while not being harsh or too intimidating.

  Often we become "stuck" with tenants who may have started out alright, but start to go down hill after a while. We usually feel trapped into keeping them because it is just easier to put up with their annoyances than to replace them with a better tenant.
  You should not feel obligated to extend a lease and hold on to tenants who are not living up to their responsibilities or who are making your life more difficult than it has to be. The Notice of Lease Non-Renewal should be legally served to the tenant, mailed certified and regular mail.

  

• Upgrade in Lease Terms or Rules
  You may also decide that you'd love to keep your tenant, but feel you need to make some changes.
  This can be easily done by renewing your existing lease with a choice of easy to use ...

click for the full article...

What About the Swimming Pool?

Nervous about whether tenants will care for your pool properly in a responsible way while also limiting your liability? This pool addendum will define what the tenant is responsible for and offer you the landlord protection you need.

The LPA Swimming Pool Addendum will make your pool instructions a part of the lease that the tenant will be obligated to adhere to during the term of occupancy.

It includes the option to require the tenant to maintain a service contract with a professional pool service company for maintenance, cleaning and repairs including proper seasonal opening and closing.

The form has an ample amount of writing (or word processor typing) area for you to more specifically customize it to your pool's exact needs for the tenant.

The idea is to make the tenants as responsible and liable as possible in this addendum to your lease contract.

If you'd like a list of pool rules (like don't pee in the pool, no running , no diving, no dogs, cats, or sharp objects in the pool),

Below are some of the most commonly used pool rules. You are free to copy & paste these onto your pool document:

Pool Rules:

• Shower before entering pool
  
• No food, drink or glass in pool or on pool deck
  
• No animals in pool or on pool deck....
  

click for the full article...

LPA Essential Form Download Swimming Pool Lease Addendum Check out more Essential Forms All The LPA's Essential Forms are included with membership FREE!

Don't forget the Landlord Reference
Always, always verify the current and past landlord. Ask the "landlord" to just verify the address of the property the tenants are leaving from. You'd be surprised how many phoney reference "landlords" don't even know their friend's address or how long the tenancy was. (We now have a wonderful Landlord Reference Qualifier Form on the Essential Forms list.)

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 rented one of my units 2 weeks before it was vacant. They paid the security deposit so it would hold the unit and I would not rent to anyone else but did not sign a lease. Come the day of move in they backed out. Am I obligated to return the whole deposit? I could have rented it several time and now it is sitting vacant waiting to be relisted.
Tammy

A: I think you can hold it, otherwise, what's the point of taking the deposit? On the other hand, to stay out of Court, why not offer half?

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.

The LPA recommends tenant and credit reporting to our members.As landlords ourselves, we do not believe tenants should get away "Scott Free" for leaving their landlord with a mess of unpaid rent, damages and other unpaid responsibilities. The prospect of reporting delinquent rent onto the tenant's credit record creates an incentive for the tenant to preserve his good credit, or to clean it up in order to some day qualify for a loan or mortgage.

A delinquent landlord debt is a serious mark against a consumer tenant's credit report for seven years and will likely:

The LPA's other reporting options

For The LPA's Tenant Reporting, click here

***********************************************

Quotes for Success and Inspiration

"DON'T EVER GIVE UP!
If you can’t fly - then run
If you can’t run - then walk
If you can’t walk - then crawl
But whatever you do…
You MUST keep moving forward" - Martin Luther King Jr.

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

"Try not to be angry when people fail to meet your expectations of them. Just remember it is their shortcoming , not yours." – John Nuzzolese

"I know God won't give me anything I can't handle. I just wish He didn't trust me so much." - Mother Teresa

"How much did your last tenant problem cost you?" - John Nuzzolese

***********************************************

LPA Membership Expiring?
Take Advantage of our low Renewal Prices!

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
   

*Your Membership Expired? No Problem!


***********************************************

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!

Look-up Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Classifieds
Tips & Advice
Realty Brokers
Tenant Histories

Other Areas Q&A Forum
Landlord Tenant Law
Essential Forms
Free Forms
Credit Reports
About Us
Help