Lawyer For Rental Property: An Overview Of Their Roles And Responsibilities
The rental property business generally runs smoothly, and rarely is there a need for legal guidance. While maintaining good records, professionalism when negotiating with clients, and thoughtfully complying with statutory provisions will run a long way toward keeping tenant disputes at bay, it is almost unavoidable that conflicts will arise.
If you are an adept landlord and are well-versed in the national and regional laws that apply to your rental property, odds are you have a system for reacting to these problems, and you can fix many of them on your own.
Nevertheless, even the most proficient landlords may sometimes seek legal help in some circumstances, such as concerning challenged evictions under rent control regulations, prejudice claims, and lawsuits going to trial. A lawyer for rental property can help you overcome all these issues, settling landlord-tenant disputes and presenting your case to the tribunal.
Read on to learn more about rental property and the obligations of a lawyer for rental property.
What does a Lawyer for Rental Property do?
While a lawyer does not always need to prepare a lease agreement, it is in every landlord's best interests that they prepare a rental contract. Furthermore, a professional lawyer for rental property will always ensure that the landlord's assets remain protected to the full extent. Additionally, the attorney guarantees they have a complete alternative if the tenant cancels on their side of the agreement by not paying rent on time or running an unlawful or unacceptable business on the rental property.
Furthermore, a lawyer offers tenants and landlords better peace of mind as they know they remain fully protected by their rental agreement. Besides, a lawyer for rental property can further help you with the following:
If you need to Evict the Tenant
Evicting a tenant can be a challenging task to do if they decline to leave the property. In addition, things tend to get even more complicated if the tenant has a solicitor to battle the case for them. In such circumstances, landlords should consult with a lawyer for rental property who can help them move seamlessly through the eviction procedure.
Moreover, hiring a lawyer is essential because you cannot vacate a tenant on impulse, as it can do more harm than good. Likewise, specific regulations like the Residential Tenancies Act confer respective rights on tenants and landlords. An attorney will be well-versed in dealing with such issues and assist the landlord with the required legal processes.
Defaults on the Rent Payment
According to the Residential Tenancies Act, paying rent timely is a tenant’s legal responsibility. However, in some circumstances, the tenant fails to give rent to the landlord for months together, and recovering that sum from them can be a challenge. In such situations, consulting an attorney will provide you with a better perspective on how to trade with such matters. If needed, the landlord can also register a case in court with the help of their attorney.
Holds you Accountable for Damages
Sometimes, the tenant can hold the owner responsible for any damage or illness they get during their stay in the rental property. Also, irrespective of whether the lessor was accountable for health issues, they must consider employing an attorney. Especially since the tenant too might have a solicitor to fight their suit, and you don't want to be left alone to handle the mess yourself.
Causes Any Potential Harm to your Property
Most rental property contracts have specific directives regarding how to keep the property. If the tenant violates this directive and drives potential harm to the landlord’s property, the landlord holds every privilege to ask for a settlement. Also, the landlord can seek damages or employ a lawyer to expedite the process. Getting a lawyer is beneficial in such circumstances as they can deal with the issue while remaining emotionally detached.
Why do you Need a Rental Property Agreement?
A rental property agreement safeguards the property owner (lessor) and the lessee. Furthermore, it guarantees that the landlord meets their responsibility to keep the property secure and livable while guarding the landlord's investment. For example, holding the tenant responsible when they do not pay their rent or cause harm to the property safeguards both parties from risk.
A lease agreement can even protect companies by restricting the leasing of divisions in the same premise or commercial hub to competing companies. Some leases are also intrinsically more complex than others. For example, a 5-year lease on a retail property will be much more straightforward than a 20-year lease on an industrial factory. Also, it is better to have a lease agreement tailored to the specific requirements of the building and its intended use.
Types of Rental Property Agreement
Rental and lease property agreements vary from case to situation and remain primarily determined by the contract duration. Below are some prominent types of rental property agreements.
Lease agreements are often standardized residential arrangements. In addition, these are long-term contracts signed between a resident landlord and the person renting that place. In most situations, standardized residential leases have a one-year cessation period.
These are exceptionally short-term contracts that last only a few days. Vacation rental agreements usually get executed between the landlords of vacation homes and the individuals who rent these homes for a week or two. Moreover, their objective is to ensure that tenants do not impair the property during their stay there.
As the name implies, these agreements have monthly rental property agreements. Most of these are rental contracts, which offer both lessees and lessors flexibility. Also, depending on the landlord's choice, the tenant may decide to stay or exit the property.
A sublease and sublet agreement gets documented when a tenant wants to transfer specific property to another lessee. It cannot proceed unless the lessor provides the lessee consent to sublet their property. Also, if the second tenant fails to pay the lease or rent, the immediate tenant will have to reimburse for the owner's loss.
- Repairs and Maintenance: Person accountable for repairs and upkeep of the property –lessee or lessor.
- Deposits: The deposit sum required, the deposit purpose, and prerequisites for recovery or deposit adjustment after the lease period
- Occupancy Limits: The contract should establish that only the tenants who sign the legal papers occupy the rental unit. It ensures the lessor's right to choose the occupancy of the property. The significance of this clause is that it sets out the reasons to vacate a tenant who sublets the rental unit without the property owner.
Rental property agreements usually get executed between property owners and lessees to guarantee that the contract lasts seamlessly throughout the tenancy duration. In addition, the agreement's general layout does not change, even though the terms and provisions may vary negligibly from one place to another. Therefore, to ensure that you always have your legal documentation strong, don't want to take advice from our expert lawyers at ContractsCounsel.