In Alabama, just like in the rest of the 49 U.S. states, landlords have a responsibility to provide their tenants with a livable space. The legal requirement is commonly known as the “implied warranty of habitability”, and is primarily governed by AL Code § 35-9A-204. The code applies to dwelling types such as single-family homes […]
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Are you a landlord in Alabama and are looking to learn what responsibilities you have under state law? If so, this blog has you covered! In Alabama, a rental agreement becomes legally binding after a landlord has accepted a rent payment in exchange of allowing a tenant to inhabit the property. And once a rental
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Just like tenants, landlords in Alabama have certain rights. Such as, the right to enter rented premises, evict a tenant for violating the lease, and the right to charge a security deposit. However, there is a limit to what you can do as a landlord. The following things are a no-no when renting out your
Are you a landlord in Alabama and are looking to know what rights you enjoy under state law? If so, you’re at the right place! Just like AL tenants enjoy certain rights under state law, Alabama landlords, too, have certain inherent rights as per the statewide Landlord-Tenant Act. For example, as a landlord, you have
Your responsibilities as a landlord are innumerable. While some, such as advising tenants to purchase renter’s insurance aren’t that obvious, collecting rent is one you’re sure of. By far, the success of your rental business depends on your tenants’ ability to pay rent. And whether or not they’ll pay rent on time will depend on
Having a quality tenant is on every landlord’s wishlist. A quality tenant is who, among many things, pays rent promptly, cares for your property, and rents long-term. Indeed, such a tenant can go a long way in making your real estate career smooth and, yes, lucrative. However, getting a quality tenant isn’t as easy as
Thinking of becoming a landlord? If so, that could be a great move! Real estate remains one of the world’s most favorite ways of making money. For one, it’s a passive source of income and, done right, it can help you create significant wealth. Typically, the value of a property (as well as rent) tends to
As a landlord, you probably understand the importance of a lease agreement. It legally binds you and your tenant, requiring each party to fulfill their obligations for a certain duration of time. To your advantage, it holds the tenant responsible for things like paying rent, maintaining your property, and handling any damages they cause. Also,
What Are The Basic Components of a Lease Agreement? Read More »
As a landlord, it’s important to build great relationships with your tenants. For one, it can ease landlording for you; making it easier to collect rent and keep your property in good condition, among other things. Also, tenants with whom you relate well are likely to rent long-term. And long-term tenants can only mean one thing
While fully-occupied rentals guarantee rental income every month, that amount usually remains constant. And why settle on that while you can increase your rental value and maximize your rental income? Even with a tight budget, there are some improvements you can make that can impress prospective tenants. So, how do you go about it? Here
