There is a dispute as to whether the tenant damaged the property, left it a mess, or owes rent, and there is a sum of money at issue. The judge will hear both sides' arguments and issue an order (judgment). The judge's part in the dispute ends after the judgment is issued; If ...
Plan on setting aside money formaintenanceand repairs. Unfortunately, tenants can cause a lot of damage. Dearing tells this story: A friend with a rental property lost her year’s income when she had to repair $20,000 in damage caused by a tenant. Most landlords plan on saving 10% of t...
All told, one HowStuffWorks employee who found a squatter in his rental property says he spent thousands of dollars getting rid of her. This amount didn't include property damage, like the landlord's refrigerator that was without power for three months in the summer -- the squatter duct-...
Say the concrete sidewalk to the front door is heaved and a tenant’s guest trips and breaks an arm. Your umbrella policy might help cover the damages after your landlord policy reaches its limit. Property damage: Umbrella coverage could apply to property damage that you cause to others. ...
Property insurance General liability insurance Business interruption insurance Workers’ compensation insurance Retail business owners should consult with an insurance agent to understand their business risks and the policy best suited to them. byHolly Stanley ...
Do not change locks nor remove belongings because you'll be violating their tenant rights. Furthermore, DO NOT remove their personal belongings or change the locks. If you do, your unwanted guest may have the upper hand and a real legal reason to sue you, as they now have the same prote...
Many property managers don’t allow pets because they raise the risk of damage to the property and harm to others. But renters insurance covers tenants' pets as part of the liability coverage in the renters policy, which means if a tenant’s dog gets out and bites someone, the insurance ...
The first is an inside attack. An example of this would be if you own a rental property and a tenant or customer gets hurt on your property. They will sue the business or property, not you, the owner. If you handle your business properly, you will not have much in the bank to be...
property who refuses to leave when their lease expires. It can be an expensive and time consuming process. Moreover, the entire procedure is full of bureaucratic red tape and legal land mines—if the landlord accepts rent, for example, it could be drastically harder to remove the tenant. ...
my prospective tenant might be uncertain about his financial situation or is super frugal. He asked me if I could put in a clause that said I would not raise the rent for two years for example. If you're constantly going to have your parents stay over, at least get your own pla...