| Rental option is fast becoming a trend for | | | | tenants to rent your property, check the entire |
| individuals looking for practical and economical | | | | building and look for repair and fixture issues on |
| ways on dealing with their housing needs. It is | | | | the exterior and structure of the property. You |
| quite inevitable that most home owners | | | | must also address the systems such as heating |
| experience home loss due to the continuous | | | | and cooling installation and repair, baths, sinks, |
| impact of a down economy. Furthermore, the | | | | basins, electrical system and other sanitary |
| aftershocks of the sub prime crisis and the credit | | | | installations among others. |
| crunch of the previous years is still manifesting in | | | | For landlords who are facing problems regarding |
| the real estate industry of today. For landlords | | | | tenants such as delayed or missed payments, |
| who have the resources to generate income | | | | property damage and other deviance from the |
| through leasing out their properties to qualified | | | | rules and regulations signed in the rental |
| tenants, there are basic rights and obligations they | | | | agreement, you have the right to give warnings |
| are entitled and obliged to do. Same thing is true | | | | and inform your tenants regarding their |
| with renters who have their own share of | | | | misdemeanor. Should they not budge with your |
| responsibilities in line with renting out a unit or | | | | verbal and written warning, you may opt for an |
| residential property. | | | | eviction proceeding after consulting with your legal |
| For landlords, they have their basic rights | | | | attorney or confiding the problem with the |
| especially in ensuring that their properties are | | | | property management company which is handling |
| maintained and kept in good quality and condition | | | | your rental unit. |
| in the duration of the occupancy of their tenants. | | | | Tenants on the other hand also have their basic |
| Furthermore, it is their responsibility to provide | | | | rights according to the regulations issued by the |
| and healthy and habitable place of abode for their | | | | housing development authority. Tenants have the |
| prospective renters. Thus, make sure that you | | | | right to a habitable and healthy environment and |
| basically do the general cleaning prior to the | | | | must acknowledge the landlord should they |
| occupancy of your tenants. Clean the area and | | | | encounter certain problems that hinder the quality |
| de-clutter items which may have been left by | | | | of their living conditions. Their primary obligation |
| your previous tenants and the like. Make sure that | | | | towards their tenant is to promptly and regularly |
| you dust everything especially if you have | | | | pay their monthly rents as well as submitting to |
| furniture and belongings in the unit or residence. | | | | the terms and conditions in the rental agreement |
| It is also part and parcel of your landlord | | | | they have signed together with the property |
| responsibility to address certain repair issues in the | | | | owner. |
| house. Home maintenance is vital in order to | | | | Landlord and tenants rights are legislated to |
| ensure that your tenants have good living | | | | provide a healthy and good living relationship with |
| conditions and that they can smoothly go through | | | | both parties involved in the transaction. Know |
| their usual and daily tasks and chores without | | | | your rights and practice them to avoid any legal |
| hassle and delays. Hence, before accepting | | | | offense and punishments. |