Do the Following If Your Renter Fails To Pay

Before renting out your apartment, it is important for both of you to have a lease agreement. The agreement is a legal binding between the lessor and the lessee.

The lease is expected to capture all information about payment, eviction, etc. It is expected for you to always consult the agreement before any judgment

Some renters go against this agreement in some cases. For instance, he or she might decide not to pay the rent as at when due.

What to Do If He or She Fails To Pay

In a situation whereby he or she refuses to pay, you can file a lawsuit so as to get your money back. In fact, you can simultaneously evict him or her if you wish. Just make sure you go legal.

Facts You Must Know

• Before evicting your renter, you have to know some important facts. For example, you can even pay your renter in some situations.

• • Property Improvement

    Property improvement is any form of work done on a project in order to improve its value and prevent it from deteriorating.

    As a landlord, it should be noted that depending on the types of improvement made and state laws, you may have to pay your renter for any losses incurred during the improvement process. You may download a sample lease agreement online.

    There are three types of improvement; necessary, voluptuous, and useful.

  • • A necessary improvement is one done in order to restore the value of the property. You have to compensate the renter if

    • • The improvement is required

      • You gave previous authorization to the improvement.

    • Example of necessary improvement include renovations made to contain leaks or that may in any way affect the property structure, the execution of works to rein collapsing pillar.

      A voluptuous improvement is one in which the work is only done so as to beautify the property. In this case, you are not expected to pay any compensation. Examples include painting the wall, POP decoration, etc.

  • • Hence, in a nutshell, you don’t need to pay any compensation if

    • • The improvement is voluptuous

      • If the improvement is useful but done without your authorization the lease doesn’t guarantee such.

    • The baseline is to always have a lease agreement and always consult it any time an issue comes up. It should always serve as your legal pillar. You may download a rental lease agreement form in any state of US like Pennsylvania or Texas on this website.