Landlord Tenant Ppt

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Landlord Tenant Ppt

  1. 1. Landlord/Tenant Seminar James P. Hentz Attorney at Law Law Office of James P. Hentz, P.C. Executive Park Suites 255 Park Ave. Suite 1000 Worcester, MA 10609 James@JHentzLaw.com
  2. 2. TO REDUCE THE RISK OF A NON- PAYING TENANT, YOU SHOULD:1. Check with prior Landlords2. Credit Check3. Verify Employment
  3. 3. TYPES OF LEASES Tenancy at Will Tenancy under Lease
  4. 4. SECURITY DEPOSIT & LAST MONTHS RENT•Advance Payment •A Security Depositof the 1st month’s •The cost ofRent purchasing and•Advance Payment installing a key &of Last Month’s LockRent
  5. 5. HANDLING SECURITY DEPOSITS1.Place deposit in 3. Give Tenant aescrow account receipt that shows amt. of: • deposit2.Transfer the • Landlord’sdeposit to any Namenew owners • Bank Account Number of where Security Deposit is held
  6. 6. HANDLING SECURITY DEPOSITS (Cont’d)4. Give tenant statement of current condition of premise5. Pay Tenant the Bank Interest per year or 5% interest per year on the deposit
  7. 7. HANDLING SECURITY DEPOSIT (Cont’d)6. Keep records regarding security deposit & make available to tenant7. Deduct only unpaid rent, certain taxes & for damages to premise
  8. 8. ADDITIONAL PITFALLS TO AVOID Landlorda. Landlord must not d. Tenant w/hold rent antagonize Tenant if Landlord violatesb. Landlord must rental agreement provide Habitability e. Tenant has tort conditions action againstc. Landlord liable for actual & Landlord w/unsafe Tenant consequential conditions
  9. 9. ADDITIONAL PITFALLS TO AVOID (Cont’d) Put Tenant on notice oflead Paint Utilities have tobe included in anywritten Agreement
  10. 10. Questions?
  11. 11. Thank you!~Attorney Jim Hentz

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