The landlord-tenant relationship is quite special. While your tenants have commitments to you that they are legally contracted to follow through with, as a landlord and property owner, you have obligations to your tenant, as well. As you probably know, these obligations are detailed in state, local, and federal landlord-tenant laws. More than that, though, what really contributes to your tenant’s satisfaction is how well you follow the laws that govern your ownership of your Airway Heights rental property.
Not only will satisfied tenants stay in your rental property longer, thus reducing turnover costs, but they will also help you protect your investment as well. Figure out how the landlord-tenant laws affect tenant satisfaction so that you can find ways to save on costs.
As a landlord, you have both rights and legal obligations toward your tenant. Many different laws govern rental properties at all levels of government. Habitability laws are really the ones that have a direct connection to tenant longevity. Usually, these laws focus on the overall status of the rental property. For example, in most states, landlords are required to keep their rental homes habitable and safe. This means that the property must not have serious deficiencies like broken plumbing and heating, fixtures, and appliances. And, the property must be pest and insect-free. Depending on the location, this could also be the case, even after the tenant has moved in.
As a rule, repairs must be done promptly, and in some places, you must also provide standard safety equipment such as carbon monoxide detectors and fire extinguishers. These requirements need to be found in your rental home in order for it to be categorized as habitable under certain laws of your state or local municipality.
Tenant Satisfaction and the Law
Tenants will inevitably expect you to keep your end of the deal by keeping the property in good living condition while they are there. If they can’t expect you to keep your end of the deal, then you can expect a high tenant turnover — new tenants monthly will mean more expenses to find them. It may also result in expensive lawsuits or other legal problems, especially if your rental home is not compliant with landlord-tenant law.
Because of this, successful property owners know that high tenant satisfaction is just good business. Keeping a tenant in a rental long-term means lessened monthly costs, as well as consistent rental income. It’s highly likely for satisfied tenants to report maintenance and repair issues, helping you keep tabs on your property’s condition so that you can address them quickly. Keeping your property in good condition will be much easier when your tenants are proactively doing the same.
Finding Peace of Mind
It really is challenging to understand and abide by the many laws that govern landlord-tenant relations. These are the kind of situations that require a team of experts to help you with all of the complicated details. Professional Airway Heights property management companies like Real Property Management Spokane County offer industry experts with in-depth knowledge of landlord-tenant laws. Not only can they assess your rental business, but they can also offer assistance with maintenance, repairs, and even tenant relations. In the long run, the cost of hiring a professional property management company is a small price to pay for peace of mind.
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