If your rented property is subject to rent regulation, be especially careful when increasing the rent. Don`t dazzle your resident by changing the lease. You should contact the resident to discuss the proposed changes and then receive written notification. Transmit the written notification in accordance with legal requirements. As a general rule, States require at least 30 days` written notice, which is notified in person or by mail. Check with your lawyer or a local branch of the National Apartment Association to find out about your local needs. Change is constant for everyone, including tenants of rental properties. Sometimes situations arise that cause a tenant to request changes to their lease. Leases are generally designed to be maintained without modification during the term of the lease. However, changes may be made to the rental agreement if an agreement can be reached between the tenant and the lessor. Let`s be honest, while we hope to keep our world simple and predictable, most of us lead quite hectic lives. Our situations are constantly changing and it is often impossible to plan everything in documents such as rental agreements. While many landlords choose not to allow subletting, your tenants may ask if they can sublet.
They may be traveling or leaving for a while, but want to keep their rent, or maybe their job requires them to move and need someone to end the terms of their lease. A subletting can be beneficial for you, as the new tenant can move in most often without having to perform regular entry/exit maintenance. In addition, it occupies the unit and the rent money enters. As with any potential tenant, you should do a background review, check their income, and everything else you would do to approve a new tenant. If you decide to allow a sublease, you must enter into a sublease agreement and add it to the original lease. Both the original tenant and the subtenant are responsible for the original terms of the lease, and if the new tenant does not pay rent, the original signer remains liable. If you rent residential or commercial real estate for more than a few months, it is possible that your situation will change in a way that does not take into account the rental agreement. Fortunately, if you`ve used a forward-looking lease, such as our residential real estate lease or a commercial lease, you can easily modify your lease to accommodate changing circumstances.
The tenant who participated in the rental agreement in question must also be sufficiently identified….