13: Managing Properties in .NET framework

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13: Managing Properties
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Knowing your responsibilities
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The sensitive nature of rental relationships may be one reason why legislation emphasizes the responsibilities landlords and tenants bear to each other Key provisions of most legislation include the following: Tenants must give at least 30 days notice prior to vacating a suite; the landlord must give at least three months notice when asking a tenant to vacate a suite Landlords are responsible for providing documents concerning the tenancy, providing means for tenants to contact the landlord, and making themselves available in the event of significant issues Landlords are responsible for maintaining a property in good repair and providing the services they ve agreed to provide Tenants are responsible for maintaining a clean unit and paying for the repair of any damage to the property that they cause Tenants are also responsible for the conduct of guests and anyone who sublets their suite Neither the landlord nor the tenant should harass the other; the relationship should be as professional as in any other business transaction
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[Dis]respecting agreements
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Three months into a lease agreement, you discover the tenant you ve leased that nonsmoking, no-pets unit to is a binge smoker with long-haired cats that have shed (or worse) all over the apartment Do you have the right to evict her (or him) In a word, yes Providing your tenancy agreement doesn t conflict with provincial tenancy legislation, and your agreement has been prepared or approved by your lawyer as being compliant, than you can rely on it as a legally binding document That means a contractual relationship exists between you and your tenant If your tenant breaches the terms of the agreement, you have a right to demand compliance, impose financial penalties, or even evict him (with notice, of course)
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Part IV: Building Value: Managing Your Investment and Seeing a Return
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Rights and responsibilities enshrined in law are a great safeguard against abuse by either the landlord or tenant Social chatter is often a factor in a smaller centre that can effectively serve the same purpose Buzz about a landlord who treats tenants badly circulates easily in small or tightly knit circles of tenants, such as university students Although word of mouth is the best advertising, not all publicity is good publicity
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Resolving disputes
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When relationships sour with tenants, landlords face all sorts of risks Tenants may Damage your property, or otherwise create inconveniences that delay the fresh rental of the suite Engage in subtle harassment, especially if you manage the property directly rather than through a corporate entity Lodge a complaint with the appropriate local or provincial body that addresses tenants rights or oversees landlord tenant relations You can follow a series of steps to attempt to resolve tenant disputes: 1 Speak to your tenant A respectful attitude with a view to solving the problem can go a long way toward dealing with the issue This could be followed up by a letter confirming the problem s resolution 2 Refer to your written tenancy agreement A written agreement clarifies and gives a legal framework for your expectations and requirements after all, it is your property and your investment at risk 3 Check with your provincial landlord tenant government office In most cases, they have a mediation option to clarify and resolve disputes 4 Seek arbitration Formally complain to the provincial landlord tenant government office, and ask for an arbitration decision 5 Launch legal action If the above steps do not satisfy you, your lawyer can launch legal action against the tenant for breach of contract We discuss business disputes with regard to property, and their resolution, in 5 Many of the same principles apply when resolving issues with tenants Should discussions with the tenant break down and eviction be required, eviction specialists have the expertise needed to firmly and effectively rid you of your troublesome tenants (Search online for eviction specialists in your area As with any other consultant you hire, be sure to consider two or three candidates and do thorough reference and background checks)
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