When I started getting into trouble I became pretty acclimated to legal procedures. Calling my attorney and working out bail was just another way to spend a Saturday night. Unfortunately, the stiffer the charges, the more difficult it was to talk my way out of a bad situation. After so many charges, I found myself slapped with a long jail sentence, and I realized that I wanted to turn things around. Fortunately, my lawyer was able to walk me through yet another process, so that I could make the right changes. My blog discusses how to emotionally cope with legal issues so that you can start living a good life.
If you do not have a lot of equity in your home but need to move out of it for any reason, you might be considering renting it out. Renting a home is a great option in many situations, but it also results in you becoming a landlord. If you have never been involved with rental properties before, it will be wise to seek help from a real estate attorney. The attorney you hire will help you with multiple things, including the following three steps.
One thing you might not consider when renting your house is the liability issues that may arise. A good example of this is the potential for a lawsuit if the house contains mold. If you did not know it had mold or did not disclose that it had mold, the tenant could potentially sue you for damages. Another example is if a tenant was injured in the house due to a faulty stairway railing. If the railing was loose and you failed to fix it, the tenant could sue you. Your lawyer will help you find ways to protect yourself from liability risks like this, and one step may involve fixing any types of problems that existed before you rent the house.
Protecting yourself financially is another important step your lawyer will help you with, and this is primarily done by creating a good, effective lease to use with the tenants you select. The lease you use should state clearly what the tenant's responsibilities when renting the home. It should also state clearly what the consequences will be if the tenant fails to pay the monthly payments on time.
Choosing the right tenant
The third important task your attorney will assist you with is finding good tenants to rent to. Without a good tenant, you can expect to have major problems with lots of different things, which is why you may need some help learning the best methods to find good tenants. This may include learning how to run background checks and employment verifications. Your lawyer might also be able to help you learn how to interview potential tenants.
Renting a house can be a good option when a house will not sell and for other reasons. If you are considering this, you should contact a real estate attorney like Hawkins Bingham & Miller in your city to discuss the things listed here as well as any other questions you may have.Share