When it comes to being a landlord, one should know that it is not for the unprepared individual. This should be clear that being a landlord does not simply mean that you will be taking the rent and resting. When you’re a property owner and offer it for rent, you not only need some knowledge of legal issues and documentation but you also need the will power to take on all the responsibilities that come with such power. You’ll be held responsible for so many things, and if you hold up your end of the deal, the chances are that your landlord tenant relationship will work in your favor. The very basics of being a landlord mean that you should have all your documentation in order. With your documents, forms, and letters prepared and stored properly, you won’t have to go through a lot of hassle even if the things go awry.
The first form that all landlords should have is the lease agreement form. This essential piece of paper is the very basic form of the contract that will bind you and the tenant in a relationship for a pre-defined tenancy period. These forms will also work as a guide for you to follow if you are the landlord. The lease is set in motion and empowers both parties—that is the landlord and the tenant. This piece of document will highlight all the rights and duties that a landlord must adhere to and perform.
The second form is actually a collection of forms called the “notice to tenants” forms. These forms are vital because they inform a tenant about specific terms and conditions that the landlord wants their tenants to know. During the term of tenancy, a landlord will have to give several notices to their tenants, and that’s when these forms can be used. It means that if you want to give them a notice, it has to be done using one of these forms. Some of the notices that are more common among the landlords are the violation notices and late rent notices. The violation notices are those that inform the tenant that they are violating one or more rules that the landlord has set and it will not be tolerated. It implies the fact that these violation notices act as warnings.
Another form that a landlord should have are the forms that let the tenants know that the landlord has officially increased the rent. These are used quite often because the landlords increase their rent from time to time. When they want to increase it, they follow a set procedure where they can use certain forms. Moreover, there is a form that is used so that the legal authorities also know that the rent is being increased. With the availability of these forms, it becomes easier to inform the State about what is going on between the landlord and the tenant.
The fourth type of form that a landlord should have is the new tenancy form. This form provides the new tenant with the authority to move into the rental space; it serves as a proof that the landlord has granted them the permission to use their rental space. In other words, the form is the legal declaration that the new tenant is about to occupy the rental space.
The fifth significant form for the landlord is the eviction form. These are important because there may come a time when the landlord wants to boot out the tenant, and when they wish to do it, this eviction form gives them the right to proceed.
Article Content Originally Posted by: Landlord Station. (Aug.2012). “5 Landlord Forms that Every Landlord Should Have” Landlord Station. Retrieved 10, Oct. 2016 from: http://www.landlordstation.com/blog/5-landlord-forms-that-every-landlord-should-have/