Do You Know The Local Laws For Leases As A Landlord?
Bylaws, Landlord Tenant Acts, Tenancy Acts, Landlord Tribunals, Rental Laws, these are just a few of the names of the local regulations and their associated acts covering leases and landlording that I have seen and heard of and I am sure my list is way too short.
You see every region, state, province, county, city and town seem to have their own quirks and rules when it comes to what can and cannot be in a lease and what control or lack of control a landlord has to deal with tenants and tenant issues.
Yet time and time again, I see landlords using leases that are completely wrong for their region because they were able to download a free copy off the internet. People, give your head a shake if you’re doing this. You have a rental property worth potentially hundreds of thousands of dollars, make sure you have a lease that protects you, even if it costs you a hundred dollars or more to get it drafted by your lawyer.
In this video I talk about making sure you use the right lease to protect yourself and making sure you know the local rules as far as what’s allowed.
Just to add to this, be careful of where you get your landlord information and advice, me included!
I’m a member of multiple landlord groups and I see landlords constantly asking questions about notices, eviction processes, leases and more. All without mentioning where they are located.
They are getting dozens of different answers that are all legal, hopefully anyway, where the person answering lives. It may not be legal in your area though, so do your homework!
If you’ve been watching several of my videos, I just changed the intro, do you like it? Leave me a comment below!