Web Admin – Thursday, August 29, 2013
Our topic today is rental agreements. If you are thinking of writing up your own rental agreement, you should reconsider. It’s not a good idea to draft your own. Instead, have your contract drafted by an expert who knows the law in Utah, or whatever state you happen to be in. Sometimes, local associations such as the apartment association in Utah will have a standard rental agreement to be used by property owners. These are usually pretty safe to use.
Utah Rental Agreement Advice Property Manager be sure you are using an agreement that is state-specific because each state has its own laws governing property management and landlord tenant relationships. If you decide to write your own based on what you read online, you could be missing the important requirements in your state. Fair housing laws must be followed as well. You cannot have a rental agreement that violates fair housing law. These laws can be overlooked if you are not an attorney. If you get it wrong, you can be charged a fine of more than $10,000. Make sure your rental agreement avoids discrimination or even the appearance of discrimination. Most property owners have a general and standard contract, and you don’t want to change the standards or the policies for a specific class of people. If you have an agreement written by an attorney or an expert in this field and you use it for every tenant you have in your properties, you will be covered. Always be careful that the rental agreement is completely standard. Otherwise, you could be questioned on why it’s different from tenant to tenant.
At Sentinel Management Group, we have done a lot of work to make our lease agreements legal and protective of the landlord. Through our extensive 27 years of experience in real estate and property management as well as our ongoing education to stay current with the constantly changing laws in Utah, we are comfortable that our rental agreements are as good as they can be. They protect landlords and they also make it clear to the tenants what is expected of them and what they can expect as well. This always makes for a smoother tenancy and a more positive experience overall.
We would be happy to answer any specific questions that you may have about rental agreements. If you would like more information, please do not hesitate to contact us at Sentinel Management Group. We look forward to speaking with you.