Skip to main content

Check What are the Landlord's Obligations?

By

Investing in real estate is invariably one of the best solutions in the context of capital investment. Many people decide to buy an apartment and then use the passive income generated by renting it. If you soon belong to this group or have just joined it, in this text you will learn what your duties (and rights) look like.

landlords obligation with tenant

About what lies with the landlord

First of all, as a landlord, you undertake to deliver the premises in the condition as agreed for a fixed or indefinite period. During this period, you will be obliged to maintain this state (that is, to ensure access to, cleanliness and order to the rooms and equipment common to all residents). 

An important element is the preparation of a handover protocol. It specifies the technical condition of all installations, and meters should also be measured. This document is the basis for settlements when returning the premises, when the contract ends and you leave the current tenant.


It is also on your side to adapt the apartment so that it is suitable for use. This means providing access to electricity, water and other utilities. Installations must be fully functional.


When something goes wrong

Repairs are another very important issue. After all, failures and faults are inevitable during operation. We can divide them into those that are charged to the tenant and those whose repair costs will have to be borne by the owner. The latter category includes:


  • Repair and replacement of all elements related to the installations - ie sanitary, water, electricity, gas, hot water, central heating and collective antenna installations;
  • At the same time, it is worth remembering that this provision does not apply to equipment, such as fittings or equipment for receiving a TV signal (heaters are an exception, because repair or replacement is part of the duties),
  • Repair and replacement of elements related to the basic finish responsible for the tenant's comfort and safety - this category includes window and door joinery, as well as floors, carpets, etc.
landlord rights for apartment


Landlords also have their rights

Of course, being a landlord involves not only obligations but also rights. Knowing and respecting them allows for a healthy relationship with the tenant and the construction of the contract in such a way as to maximally protect against possible losses or his unfair behavior.


  • The basic law applies to securing both the apartment itself, payment for rent and movables belonging to the apartment owner. 
  • The conclusion of the contract may be dependent on the deposit (the amount of which cannot exceed the amount of 12 monthly rents) and the pledge, the amount corresponding to the items left in the apartment (furniture, electronics, etc.).
  • Other financial aspects are also legally stipulated - a notice period after which you can raise rents, as well as the period and conditions for terminating the contract.
  • The act also applies to situations where the tenant has made unadjusted improvements to the property. Then you have the right to keep them for an additional fee or demand that they be restored to their original condition.

In summary, renting an apartment is a great way to earn a steady monthly income. By observing your rights and obligations, and including them in the contract with tenants, you minimize the risk of trouble.



Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

14 Inspirational Design for Residential Space

By
 Each new year means new trends. The choice of colors, style and various small details of the interior design change. Awareness of new trends is very useful if we intend to sell our house or flat - implementing them can really increase the value of our property. Of course, this does not mean that you should use them blindly - not everything can be done and sometimes something can be avoided instead of being forced. However, it is definitely worth being aware of the latest trends. # 1. An Island in the Kitchen If you have a large enough kitchen - an island where you can prepare drinks and meals will be perfect in this case. It is very fashionable to choose a contrasting color. source : Regan Baker Design # 2. Contrasting color refrigerator Another fashionable trend is refrigerators, in a quite expressive color, contrasting to the rest of the kitchen. source:  Yale Appliance Blo # 3. Marble Countertops The marble top is very durable, it looks very elegant, and it is also very ea...
Post a Comment
Read more

Advantages and disadvantages of living in a block of flats

By
When we think about big city architecture, one of our first thoughts is a multi-story apartment building. Since the 1950s, the blocks have become a permanent element of the landscape of smaller and larger cities. Buying an apartment in such a building still turns out to be the goal of a large group of investors, as evidenced by, for example, subsequent projects sold out on the trunk. In this post, we check the biggest advantages and disadvantages of living in a block of flats. The most characteristic element of metropolitan architecture Apartments in a block of flats are a relatively new invention. The first apartment blocks were built before the Second World War. The most characteristic representative of this type of construction are blocks made of large slabs, which still dominate the largest Polish cities. From the technical point of view, buildings are quite crude, especially by today's standards, for years they have been and still are home for a large group of people. Resident...
Post a Comment
Read more

Safe and Secure: 4 Types of Door Locks for Your Front Entrance

By
  When planning the design of your new home, safety and security are probably some of your top priorities. Door locks are the first defense against any intruder who wants to invade your home. The market for electronically enabled security devices offers a wide range of options and there is apparently no general guide on how to compare. This poses a challenge when deciding which type of lock will suit your individual needs. To keep things simple, we can divide the vast market into four categories: Conventional deadbolts Electronic keypad locks Smart locks Reconditionable smart locks. Each of these categories has unique advantages and disadvantages, but it is important to note that any lock is only as strong as its door and frame. If the door is structurally light, hollow, or has worn down over time, a sturdy lock will not be as effective when a burglar tries to break in by damaging the door frame. Check the sturdiness and durability of your door frame before choosing the best lock a...
Post a Comment
Read more