Author: Ravisankar
Landlords, being the legal owners of the property that they have rented out certainly have rights that they can exercise in order to ensure that they are not under a loss. There have always been materials that have discussed the rights of owners against rights of tenants. Since a rental agreement is signed by both landlord as well as the tenant, both parties have certain responsibilities, failing to act on which, the other party can take appropriate action. Most states clearly define the rights of landlords so that they can protect their property as well as the income that is generated out of it.
The rights of a landlord can be classified as under:
- Rental rights: These are pertaining to the rent that has to be received on a monthly basis from the tenant. In case the tenant fails to pay rent, the landlord can take suitable action. The only condition here is that these actions have to be clearly spelt out in the rental agreement. These actions could include penalty for late payments or eviction in case of continuous non-payments. The landlord can also increase the rent as per specifications, after giving the tenant sufficient notice period in advance, informing him about the increase. In case, the tenant does not wish to pay the increased amount, he can vacate the premises.
- Agreement compliance: It is the tenant’s responsibility to comply fully with the terms of residence, as agreed by him in the agreement. In case he fails to comply, the landlord is well within his rights to evict the tenant, after giving him proper notice. Abandonment is one such critical stage where the landlord can take possession of the premises legally.
- Right to enter the premises: As long as the tenant is legally occupying the premises, the landlord can still enter the property, after giving a suitable time well in advance. He has the right to check the property for damages or any such issues and repairs.
- Payments: As agreed in the agreement, the tenant has to pay for all utility charges as used by him. In case, this is not done, the landlord can claim compensation on pending bills and deduct the same from the security deposit.
- Security deposit: It is the right of the landlord to take a sum of money as a security deposit while handing over the house to the tenant. This is done to ensure that any defaults from the tenant’s side shall be covered with this deposit. Also, any damages that may have been caused by the tenant on the property can be duly certified and compensation deducted from the deposit amount.
Since it is the rental agreement that acts as the main document in such cases, it is advisable that the document is created with utmost care and necessary clauses be inserted, so that the landlord does not have to incur any losses.
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Article Source: http://www.articlesbase.com/real-estate-articles/landlords-rights-1046023.html
