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Tag: tenant

  • 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…

  • 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…

  • 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…

  • Leasehold Estates

    As written about previously there are four types of tenancies: Whenever the landlord does not establish a tenancy and they do not transfer the right to occupy the real estate, which may be done orally, in writing or through their actions (this is called a grant) whoever takes possession of the property is a trespasser.…

  • Leasehold Estates Leasehold estates are the result of the rights given to a tenant by the fee owner or someone with the authority to do so. These are created when the landlord and tenant enter into a rental agreement which gives possessory interest to the tenant. At that time the tenant becomes the owner of…