House 2 Homes

Your one stop place to shop for all your home ownership needs

Tag: landlord

  • The Wise Investment Standard

    Many states have adopted some version of the Prudent Investment Rule (Law /Standard). This rule says that the trustee will be judged by how the investments were managed as a whole. This means that if one investment is not preforming well but the others keep the portfolio continues to grow in worth then as a…

  • Management Agreement for Properties

                Anytime you enter into an agreement which will take longer than a year to preform in real estate a contract or agreement needs to be in place. A property manager needs to be under contract in order to protect yourself before you allow one to have possession of your property or properties. They will…

  • When Is a Brokers licenses Needed in California for Property Management

                Someone who acts on behalf of another concerning real estate needs to have or have their license under a Department of Real Estate (DRE) broker. Many times, the term agent refers to a real estate agent but some one who is hired to conduct the duties of property management must be and real estate…

  • The 1st Right of Refusal to Purchase and Other Options

    Tenants often invests a substantial amount in a leased property to adapt them to the needs. Due to this many times these tenants require option to preform these improvements. Like many other improvement investors, they do so by one of three payment methods. Also, during the years of operation, the tenant develops a reputation within…

  • Nonresponsibility Notices and Their Effects

    Sometime the tenant will hire a contractor to do the construction improvements they have permission to preform on their leased or rented property. Any mechanic’s lien by said contractor for nonpayment first attaches to the tenant’s leasehold interest in the property, but a mechanic’s lien for unpaid labor and materials may become attached to the…

  • Wrongful Eviction Improvements Reimbursements

                If a tenant is wrongfully evicted, they are entitling to the rental value of their improvements for the remainder of the unexpired lease or rental terms. If there were no reimbursement, the landlord has a windfall profit for their use of the tenants’ improvements until they normally return to the landlord at the expiration…

  • Promised Improvements

    Case 1             There are times when a landlord may agree to make improvements to secure a rental or lease agreement.  If the landlord fails to make these changes in a timely manner, then the renter of the person leasing the property may cancel the lease or rental agreement.   Let’s say John is a…

  • Leasehold Improvements

                You are the owner of a small commercial building. This building is nothing more than a shell when you enter into an agreement with Mr. and MRs XYZ for three years and the condition that the XYZs make all needed tenant improvements to the property. They are to do the landscaping, and all interior…

  • Possessory Rights of Tenants

    It is important to know the rights of tenants if you are a landlord or property manager. Once the paperwork is filled in and excepted if the tenants have not surrendered their possessory rights or they have not expired a landlord or property manager has no possessory right. They were conveyed with the acceptance of…

  • Landlords Right to Entry

                There are several circumstances in which a landlord may enter into a tenant’s dwelling space during the term of rental or lease agreement. The following are forms from Firsttuesday. They are downloadable and speak for themselves. Notice of Intent to Enter Dwelling  https://journal.firsttuesday.us/forms-download-2/form567/ Right to Enter and Exhibit Unit to Buyers https://www.firsttuesday.us/course/Downloads/116.pdf Notice To…