Terms To Know

Equal Housing Opportunity. The U.S. Housing and Urban Development office is charged with the implementation and enforcement of wide array of civil rights laws, including the public search of fair housing that “under various laws [do] not discriminate in housing or services directly or indirectly on the basis of race, color, religion, sex, national origin, age, familial status, or disability.” Any and every agent working with the public should be familiar with these protected classes and will work to ensure that every renter or homeowner is treated fairly and equally.

Disclosures. Properties being managed by a property management brokerage on behalf of an individual or corporation will have a written agreement stating the name and address of that company given the rights and permissions to act on behalf of the owner/s. Rental agreements, permission to serve notices, accept payments and remit repair requests are all examples of such disclosures and must be kept current. In addition, your agent may provide you or your tenant with other disclosures based on the age, quality, and/or type of property you own that will aid in the process of maintaining your property and, when necessary, enforcing payment and proper maintenance of your property.

Notice of entry. Once a tenant has entered into a lease agreement and occupies the premises stated on the lease agreement, that tenant has a right to quiet enjoyment of the space, provided that it does impinge on the rights of the neighbor’s right to enjoyment of their own space as well. A landlord (either the property owner or the agent acting on the property owner’s behalf) can enter the premises with proper notice (24-hours are considered appropriate):

·        in cases of emergency;

·        to make repairs, alterations, improvements, or to supply services that are either necessary or previously agreed to by the tenant;

·        to complete pre-termination inspections that would result in deductions from the security deposit;

·        to show the unit or dwelling to prospective or actual buyers, lenders, or repairmen and contractors;

·        when the tenant has vacated the premises and the right to occupancy is terminated by surrender or abandonment; or

·        under a court order allowing entry.

Your Reliable Realty Property Manager continually extends their education about the business to protect your investment. If you have any questions about your lease agreement, your agent will provide you with knowledge gained from experience in the field and will guide you and your tenants through the process of leasing your home. Call us today if you have any questions and would like property management for your home, multi-unit dwelling, or commercial space.