The LPA Newsletter Mid-April 2007
Dear Fellow Landlord,
This month, I have some bad news and some good news. The bad news is that the tenant laws across the country are in favor of the tenants. The good news is The LPA is helping landlords more than ever to be prepared for most tenant problems before they happen.
In this newsletter:
Learn the Landlord-Tenant Rules!, by Real Estate Attorney William Bronchick. If you haven't already read this article in a previous LPA newsletter, now would be a good time. It is all "need to know" information for every landlord.
** FREE Downloads in Word & PDF **
- Carbon Monoxide Addendum (BRAND NEW LPA Essential Form)
- Notice to Renew Lease or Vacate
- Mold Booklet from the EPA.
- I'd like to introduce you to TheLPA's latest Credit Report Affiliate who brings us more low prices and no set up fees. For more information Click Here
- Recent Tenant Excuses
I really hope you find this LPA Newsletter helpful. Please e-mail us if you have any questions or would like to add or share any material / information. I'll be debuting another new Essential Form in the May '07 newsletter. See you then!
John Nuzzolese
John@theLPA.com
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Learn the Landlord-Tenant Rules! by Attorney William Bronchick, Legalwiz.com
As an investor working with tenants, you should be very familiar with the laws of your business. These laws apply whether you own a property and rent it, or you do a "sandwich" lease.
An eviction proceeding, usually called a "summary proceeding" or "unlawful detainer" proceeding, is a lawsuit to obtain a court order to remove the tenant. It is not lawful to physically or constructively remove the tenant from the premises. No matter how upset you are, don't even consider changing the locks, shutting off the power or taking the front door out for "repairs."
Before you can commence the proceeding, you need to terminate the tenancy. You do this by serving notice on the tenant as required by your state law. For nonpayment of rent, the notice is typically three to five days..... click for the full article
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FREE DOWNLOAD
BRAND NEW LPA Essential Form Carbon Monoxide Addendum
Carbon Monoxide Addendum
Carbon Monoxide Addendum
The Carbon Monoxide Addendum is a safety form which helps make sure the tenant complies with local carbon monoxide safety practices and also reinforces the maintenance responsibilities of the tenant to keep your carbon monoxide detector in working order with up to date batteries.
(You can download this form free till May 15, 2007 in MS Word or Adobe PDF)
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FREE DOWNLOAD
Increase Rent and Renew the Lease
Notice to Renew Lease or Vacate
Notice to Renew Lease or Vacate
Notice to Renew Lease or Vacate is a combination form which can be used as a lease renewal form or a tenant's notice to vacate. The form provides for a rent increase, as well as the preservation and extension of all the terms and conditions in the lease.
The landlord should send this form to the tenant at least one or two months before lease expiration. This gives the tenant an opportunity to consider any rent increase and to respond with enough notice to vacate or renew tenancy according to lease requirements.
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FREE DOWNLOAD
A Brief Guide to Mold, Moisture, and Your Home"
"A Brief Guide to Mold, Moisture, and Your Home", for Landlords and Tenants
A Brief Guide to Mold, Moisture, and Your Home. This booklet from the EPA tells you and tenants what you need to know about mold and how to treat it. You can view the entire booklet here through Adobe Acrobat Reader. You can also print it on normal letter size paper and put the booklet together. After printing, you can also reproduce larger quantities of it on a copy machine in color or in black and white.
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Introducing.....
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FREE SIGNUP ... Instant Online Reports ... NO Onsite Inspection for Private Landlords ... Low Prices
For more information Click Here
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Tenant Excuses
"I spent so much of my own money fixing up your place, that I didn't have any left over for the rent."
He was actually hired by the previous owner to remodel, and went over budget. Then he decided he didn't need to pay rent because the amount he went over budget was in lieu of rent. Not my fault he doesn't know how to price a job. - Joshua W., Bountiful, UT
"I don't have the rent; can I trade you something??"
- Julie H., CA
"My nephew is law student and he tells me that this lease is illegal."
I knew it was just another excuse, so my lawyer served them the next day. They did wind up paying the late fee, a partial attorneys fee and the rent. - Jack Klein, NY
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Quotations...
"If you're never scared or embarrassed or hurt, it means you never take any chances." - Julia Sorel
"Nothing is too small to know, and nothing is too big to attempt." - William Van Horne
"Do the one thing you think you cannot do. Fail at it. Try again. Do better the second time. The only people who never tumble are those who never mount the high wire. This is your moment. Own it." - Oprah Winfrey
"How much did your last tenant problem cost you?"
- John Nuzzolese
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America's #1 real estate expert is also an LPA Member!
The Landlord's Troubleshooter and more Real Estate Books By Robert Irwin
Robert Irwin is the bestselling author of more than 50 books on real estate. His career in the real estate industry encompasses more than three decades of experience as real estate broker, landlord, and consultant to lenders, agents, and investors.
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Books by LPA Members
The Landlord Protection Agency is proud to recommend the following landlord books written by LPA Members, Robert Irwin, Timothy Spangler, Tony & Sandy Midea and Dan Auito. Just click on the book for more information about it.
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Interested in past LPA Newsletters? Feel free to view the
LPA Newsletter Archive
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