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Real Estate Investing : Landlord Last Updated: May 14th, 2012 - 22:24:01


The Landlord Tenant Act

 
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Many people that are renting properties to live in have heard of the Landlord Tenant Act, but they are not exactly sure of how they are protected under it. More than likely, the person that you are renting your property from knows all about the Landlord Tenant Act, but you can never assume. In order to ensure that you are following the rules, and that you are being treated fairly under the Landlord Tenant Act, you need to make sure that you know all of the details that it entails.

The Landlord Tenant Act is in place to govern the rental of both commercial and residential properties. The main factors that go into the Landlord Tenant Act are state statutory and common law. This is important to remember because the Landlord Tenant Act in each state is different. So in order to make sure that you know exactly what is going on you will need to find the Landlord Tenant Act in your state.

The Landlord Tenant Act in each state outlines the relationship between the landlord and the tenant. This relationship is governed by both contract and property law. 

The landlord-tenant relationship is enforced based on several factors including statutory law, common law, and the lease itself. This may seem a bit unfair if the lease itself is a determining factor, because after all anybody can write up their own lease. But the tenant is protected in this case because the contents of the lease are governed by statutory law.

The Landlord Tenant Act also touches on housing codes that are in place in order to ensure that the property meets the standards that have been set forth by each states law. Depending on which state is involved, the tenant may be able to get out of their lease if any housing code acts have been broke. 

Finally, the Landlord Tenant Act also notes that unless the lease states differently, the tenant has to pay rent to the landlord. The cost of the lease per month will be outlined on the rental agreement, and agreed upon by both parties.

If you are searching for the Landlord Tenant Act in your area the best place to go is online. In addition, you can contact your local government and ask them if they can supply you with a copy of the Landlord Tenant Act in your state. 

If it was not for the Landlord Tenant Act, there would be a lot of problems involving the rental of residential and commercial properties. The Landlord Tenant Act does a good job of keeping both parties safe throughout the process.

 

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