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Recently Published: Deficiency Judgments: Did You Know? A deficiency judgment is an unsecured money judgment against a borrower whose foreclosure sale didnt cover the mortgage in full. Private mortgage insurance companies will pay the lender. But have the right to file deficiency judgments and they will in some states..read more Repairs , Maintenance and Habitability Under California law, the landlord is responsible for repairing and maintaining a rental unit in a habitable condition that complies with state and local building and health codes. Many owners arent exactly sure what they are legally bound to do and can get into expensive and time consuming disputes with tenants. As property managers we thought it would be helpful to spell out the obligations as they exist in the state of California. Building Inspections Permits and Problems The BDI inspects approves, and issues all permits required by code for new construction and for repairs and additions to all public and private buildings. Knowing when you need to involve them and when you dont can save you a bundle of trouble. Landlord Tenant Lawsuits: How to Win Have you ever been to small claims court as a landlord trying to defend yourself against a tenant? Its like class warfare and you lose, the game is stacked and you, the landlord has to climb a wall of trust. A Primer on Lead Paint What you need to know and what you must do to avoid lead dangers. If you are remodeling or own a pre 1978 building there are laws you must learn to protect yourself and your property. Fair Housing Discrimination Defined There are five areas that are common Fair Housing issues according to the HUD. Understanding these guidelines is a must if you want to avoid discrimination lawsuits. Small Claims Court for Landlord Tenant Disputes Too few landlords use small claims court to collect rent or damages owed by tenants. Small claims court is a good and inexpensive way to resolve tenant landlord disputes. Lead Paint Federal Disclosure Laws Lead Paint is toxic and disclosure is your responsibilty. Lead Paint Federal Disclosure Laws spell out your obligations. Megan's Law Megan's Law compels the states to create a data base of personal information on registered sex offenders available to the public. This article is a must read for all owner/managers who are renting property. Security Deposit Law Most states will mandate a time frame to return a tenant's deposit. Some states will want you to provide receipts for any deductions.These lists are good to look at but be sure to check with your local apartment association or Dept. Of Real Estate for any changes. The Eviction Process This will go a long way towards helping you understand the eviction process and procedure. Get to know the basics. Determining Abandonment Determining abandonment is a tricky. Review this article to get a sense of the basics and talk to your advisor about proper procedure because the law may hold you responsible for a tenants property. When Must You Allow Pets You can have a "no pets" policy except when a disabled person needs a service pet for certain purposes. The Federal Government has discrimination rules you must know. Read here to understand what can and can't be done.
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