October 14, 2014 Dear Fellow Landlord, It is not uncommon for landlords to issue a termination of tenancy, change of terms or renewal notice with the proper amount of notice time, served or sent by certified mail and still, get no response from the tenant. The owner wonders if the tenant plans to renew or vacate. That's where my special clause, "Automatic Agreement by No Response" comes in handy. In case you missed it last week, we are doing another Live Webinar on Collecting Back Rent! If you have unpaid rent money out there being enjoyed by your ex-tenants, I think it would be worth your time! See you then! Details below!
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. Have you ever been frustrated because a tenant failed to return a signed copy of your notice of:
Here is the clause to insert into your LPA Notice of Rent Increase, Lease Update - Change of Terms Notice or Lease Renewal so that when you issue a notice, it will still be enforceable even if the tenants don't return a signed copy to you. Just remember it is best to serve all official notices in person or by certified return receipt mail with the proper notice period according to your lease or state landlord tenant law. We always recommend checking with your local attorney before using new notices with your tenants.
Hi, I'm John Nuzzolese, founder and president of the Landlord Protection Agency. I hope you'll join me in a powerful, educational webinar with Cynthia Schmidt "Mrs Landlady". Cynthia and her husband, Gary, are authors and teachers of the national renowned Collect Back Rent program and have been landlords for over 20 years with hundreds of tenants. They know first hand how important it is to your success to collect your rent - even the rent the tenants thought they got away with! Oct 21, 2014 at 8:00 PM EST, 7:00 PM CDT, 5:00 PM PST:
One fact of being in the landlord business is that rent checks will occasionally bounce. When that happens, you, the landlord will probably not find out the rent check was returned until 3 or 4 weeks later, depending on how efficient your bank is. Like a late rent notice, the LPA Dishonored Check Notice will inform the tenant that the rent check was returned for insufficient funds. It will ask for the balance due along with any applicable bounced check charges, late fees, and daily late charges as agreed in your lease. Remember, a bounced check can cause the rent to be extremely late, thereby placing you at a point in time where you may normally begin eviction proceedings, so it is important to jump on this immediately. The LPA recommends that you check your bank account often to discover bad checks as soon as possible.
The LPA Dishonored Check Notice also contains a check box for the option to inform the tenant that personal checks will no longer be an acceptable form of rent payment and that they must now pay the rent in the form of postal money order, certified bank check or cash (cash only if you collect rent in person). The LPA also recommends that when you send a notice like this to the tenant, it is a good idea to copy and paste the late fee and bounced check clause from your LPA Lease to the bottom of the form to show the tenant the penalty fees they agreed to in their lease.
(LPA Membership Bonus Feature) Have you ever been beaten by a tenant on the rent? 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! 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). Dear Mr. Reno: A: You lost me Lynn. Isn't the five day notice a "pay or quit" thing? Why would you wait until Nov? I mean, you can, but it's a non-payment, not a holdover. For a holdover, you have to terminate the lease. Does the Five day Notice terminate the lease? I guess if it does, then it's a holdover, but I still don't know why you would wait 'till Nov? If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question. "Losers are people who are afraid of losing." Robert Kiyoski "It's not what you've got, it's what you use that makes a difference." - Zig Ziglar "Success is how high you bounce when you hit bottom." - General George Patten If you want to survive as a landlord, "You can not run your business from your heart. You have to run it from the head." - Nick Koon, Hard Nose Landlording
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