To maximize income, should we rent individual rooms in a single-family home that we own and where we don’t reside? What about renting individual rooms in a multi-bedroom apartment? Both are bad ideas and this author implores the membership to stay away from such strategies no matter how alluring the potential income numbers may be.
Can a landlord negotiate a buy-out agreement with a tenant at the start of a tenancy? This author believes that the answer is definitively “no.” In March of 2015, a “buyout” provision was added to the rent law. The legislative intent behind this amendment was to provide tenants who were negotiating a buyout agreement the
About two years ago, I rented a 2-bedroom apartment to two roommates. One tenant has just notified me that she is getting married and moving out. The remaining tenant would like the lease changed to her name only. Is that advised? The short answer is “no,” that is not advised. There is a general misconception
Can I screen new subtenants if I have no intention of adding them to the lease? The answer is “yes,” you can. However, this author emphatically advises that you do not screen new subtenants. As many landlords know, the local rent law permits tenants to bring in subtenants under three circumstances. One, a departing master
What are my rights as a landlord to request information from a master tenant about who else is occupying the unit? You may request anything you want. Compelling a response is a different story. There is no law that requires a tenant to divulge personal information to the landlord. Management often asks, “Can’t we require
A long-term tenant has passed away. His adult son, who previously lived in the apartment with his parents but now lives with his family in his own home, has taken over the below market rate lease. He claimed his intention had always been to return to the apartment eventually. Is there anything I can do