How to Manage a Real Estate/Property - 3 Basic Rules to Communicate to Your Tenant
is not all that rosy when you have to deal with the tenants. An entirely new
acquaintance, background, ethnicity, culture, etc. are bound to crop up between
you as landlord and the tenants.
it is imperative that you have to make few things clear to him or her before
you sign the agreement and hand over the key. That is to avoid risky, dumb, or
dangerous situations at a later stage.
What you want
have to be specific on the rent and the amenities charges along with the time
frame to pay. In the case of any advance required that can be specified. Your
tenants should keep the place neat and tidy along with proper garbage disposal.
No damage to the property, the structure shall be permitted. The tenants should
maintain the place within the allowed decibel level.
Things the tenants should not do
should not indulge in unlawful activities, trafficking, gambling, etc. No abuse
of the property shall be allowed. Any modification, antenna fixing, and
cabling, etc. should be done with explicit permission. No subletting shall be
are expected to put all the terms and conditions from a legal point of view in
black and white so that you can take legal remedy when it is called for. That
should include compensation for their wrong doings and even evictions. You
should not be blocked when the inspection is required.