Effective Property Management – Dealing With Tenants According To the Georgia State Law
Property management procedures involve taking care of the entire real estate investment proceedings, and renting or selling out of properties for generous profits on the market. As renting properties is a major part of the entire property management activity, it is critically important for every investor and aspiring landlord to have a sound knowledge of the tenant-landlord laws, observed and practiced in the state.
While the basic laws and principles are same throughout the country, certain procedures and processes differ from one state to the other. That is why it is essential to familiarize oneself with the state laws concerning tenants and landlords. Certain companies, like the ALH|Podland Rental Homes Property Management, offer services for effective property management assistance.
Lease Laws
The lease agreement contains all the details about what a landlord and a tenant agree to, with regard to a certain property, along with the rent amount and agreed upon term of lease. The lease agreement also contains stipulations and responsibilities for both the tenant and the landlord.
If a tenant is in the military, then he is allowed release from his lease as soon as he receives his PCS orders. The tenant will only be liable to a maximum rent of 30 days, in such a case. Another law observed in the state requires that the landlord needs to provide the tenant with a complete list of property damage details, before the security deposit is paid by the tenant. The tenant can also pay the property a visit, to check out the listed damages and note any other damage, which has not been disclosed by the landlord.
Any disagreements need to be resolved before the submission of the security deposit and the signing of the lease agreement by both the parties.
Eviction Laws and Procedures
In the case of property repossession, the landlord is required to submit an oral or written request to the tenant to release the property. Only then, if the tenant refuses, can he file an eviction in court. The landlord is required to give the tenant a time of 30 days, before he can file an eviction case in court.
There are a number of reasons because of which the landlord might require an eviction from their tenant. It might be due to nonpayment of rent or any violation of a lease term. In both cases, a written statement needs to be given by the landlord, along with a reasonable time frame to resolve the issue. After which, the landlord can easily file for an eviction in court.
Laws for Repair Work on Rental Property
According to the state of Georgia, it is the responsibility of the landlord to take care of all repair work needed on a property. However, a landlord will only become liable, once the tenant has notified him of the urgent repair work needed on the property.
As per the law, if the landlord fails to address the repair work at hand within a reasonable time frame, he can be charged with having violated his duty to undertake his repair work. The tenant cannot withhold the rent, but he can take care of the repair work himself, and present the receipts to the landlord.
In order to practice legally within the industry, it is essential to familiarize oneself with the rules for landlords and tenants in Georgia. ALH|Podland Realty & Rental Homes Property Management offers assistance for all property management issues, landlord and tenant relations issues, and advice.
If you are looking a for a professional property management company in the Atlanta area, ALH|Podland Realty & Rental Homes Property Management is here. With years of experience in managing their rental properties as well as other investors properties, they are honest, reliable and knowledgeable. They will work hard to increase your ROI while maintaining your properties for top performance and minimizing your repair costs. Visit us at www.alhpodland.com or call us at 404-937-1850.
Marina Shlomov, a managing partner at ALH|Podland Realty & Rental Homes Property Management is the author of many articles on Landlording, Property Management, and Real Estate Investing. A residential builder in the state of Georgia since 1999, Marina is an investor herself. Her property management company is intended “For Investors” and “By Investors” for a simple reason – she knows what investors’ goals are and she works hard to reach their goals. In her spare time, Marina likes to spend time with her family, friends, garden, read and travel. Check her out at www.alhpodland.com. You can find Marina’s articles and comments at @rentalhomesatl on Twitter, on Facebook, Google+, Blogger. and YouTube, Bigger Pockets and REI CLub and LinkedIn.
