PMI MetroBay’s Post

August is here📆 Don't let 𝒂𝒏𝒐𝒕𝒉𝒆𝒓 month go by with mounting rent arrears. ❌ If you’re a landlord with problem tenants or rent arrears, our case review is a great place to start. Our simple, fixed-fee services will keep you on the right side of the law during the eviction process. Let’s work together to find a solution and keep your rental property on track. https://lnkd.in/eEq4hMuk #landlords #property #evictions #rentarrears

A question to all property managers: If the eviction notice is served two months before the contract expiry, can the landlord still increase rent as per Rera index? Please throw some light. Thanks

A comprehensive lease simplifies property management by eliminating areas of potential disagreement between the landlord and tenant. When creating a lease agreement, it's crucial for landlords to ensure that it covers all necessary details to protect both parties. Here are some key elements that you may want to include in your lease. 👉 ESSENTIAL TERMS LANDLORDS SHOULD INCLUDE IN A LEASE https://bit.ly/3WwWVtz Before you create a lease, keep in mind: Pro tip #1: All leases should be written in the plainest language possible to minimize miscommunications. Pro tip #2: Have your lease reviewed by a real estate attorney in the state, city, or county where the property is located to ensure that the terms are legal in that locality. #landlord #rental #leaseterms

Explaining the difference between fee simple and leasehold property ownership on the Big Island of Hawaii

🚪 Essential Clauses for a Robust Rent Agreement: Know Your Legal Rights! Are you drafting or signing a rent agreement? 🔑 Don't miss these crucial clauses that can protect both landlords and tenants: 1️⃣ Security Deposit: Mention the exact amount and conditions for a refund. 2️⃣ Rent Payment: Clearly specify the rent amount, due date, and penalties for late payments. 3️⃣ Duration & Renewal: Define the lease term and whether it will renew automatically or require renegotiation. 4️⃣ Maintenance & Repairs: Outline responsibilities for both parties regarding maintenance. 5️⃣ Eviction Process: Conditions under which the tenant can be evicted. 📝 #RealEstate #RentAgreement #ContractDrafting #PropertyLaw #LegalAdvice #Tenancy #LandlordTenant #IndiaLaw

Ever wondered why a rent agreement is more than just paperwork? A rent agreement is your shield against unexpected rent hikes, ensures timely payments, safeguards your right to stay, and keeps the terms of property maintenance clear. It’s a vital document that protects both landlords and tenants. Keep these points in mind next time you sign one! #RentalAgreements #TenantRights #PropertyLaw #LegalAdvice #LegalKaushal

Navigating the complexities of co-ownership of property in Ontario can be a daunting task. There are two types of co-ownership in Ontario, Tenants-In-Common and Joint Tenants. Understanding the differences between these options is important for anyone looking to invest in property with others. In our latest blog, we break down the differences to help you make an informed decision that aligns with your personal and financial goals. ➡️ bit.ly/42K3M5E * * * * #CoOwnership #JointTenants #TenantsInCommon

🏡 The Main Difference Between Freehold and Leasehold Property 🏢 Freehold= you own the property + you own the Land (Indefinitely) Leasehold= you only own the property for limited duration and then reverts to landowner after lease term So it is important to note that when you buy an existing property under a leasehold, you are purchasing the remaining term of the lease. This means you acquire the rights to use the property for the duration left on the lease agreement. #RealEstate #PropertyInvestment #Freehold #Leasehold #PropertyOwnership #DubaiRealEstate

Navigating Commercial Property Agreements? Leases? Unsure what a ‘Break Clause’ or a ‘Break Date’ is? 🔀❓ Our latest article breaks down everything you need to know about ‘Break Clauses’ 🧠 🔍 Click here to read ➡️ https://lnkd.in/dHF5CMRE If you are a landlord or a tenant who proposes to enter into a lease and would like assistance in negotiating the terms, or you would like to serve a break notice on your landlord/tenant and require assistance in doing so, please contact Kira Luka-Langley. 🏡🏢💰📑 📱 01604 887455 📧 Kira.Luka-Langley@MaxEngel.co.uk #CommercialAgreements #BreakClauses #TenantTips