By Marcia Stewart, Ralph Warner Attorney, Janet Portman Attorney
There's a center set of books provided by means of Nolo for landlords, and this can be one in every of them. it's very a lot as much as Nolo's excessive criteria, and is a fully crucial booklet for any landlord's library. hugely instructed.
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Extra info for Every Landlord's Legal Guide
If for any reason you question the income information you get by telephone—for example, you suspect a buddy of the applicant is exaggerating on his behalf—you may also ask applicants for copies of recent paycheck stubs. It’s also reasonable to require documentation of other sources of income, such as Social Security, disability, workers’ compensation, public assistance, child support, or alimony. To evaluate the financial resources of a self-employed person or someone who’s not employed, ask for copies of recent tax returns or bank statements.
To rent Michael the apartment only if his credit checks out to Jim’s satisfaction? To rent to Michael only if he comes up with the rest of the money before Jim rents to someone who offers the first month’s rent and deposit? If Jim and Michael disagree about the answers to any of these questions, it can lead to needless anger and bitterness and result in a small claims court lawsuit alleging breach of contract. CHAPTER 1: SCREENING TENANTS: YOUR MOST IMPORTANT DECISION Notice of Conditional Acceptance Based on Credit Report or Other Information To: William McGee Applicant 1257 Bay Avenue Street Address Anytown, FL 12345 City, State, and Zip Code Your application to rent the property at 37 Ocean View Drive, #10-H, Anytown, FL 12345 [rental property address] has been accepted, conditioned on your willingness and ability to: Supply a cosigner that is acceptable to the landlord Your rights under the Fair Credit Reporting Act and Fair and Accurate Credit Transactions (FACT) Act of 2003.
This Agreement depends upon Landlord receiving a satisfactory report of Applicant’s references and credit history. Landlord and Applicant agree that if Applicant fails to sign the Agreement and pay the remaining rent and security deposit, Landlord may retain of this holding deposit a sum equal to the prorated daily rent of $ 50 per day plus a $ Hannah Silver Applicant Jim Chow Landlord/Manager 35 charge to compensate Landlord for the inconvenience. February 16, 200X Date February 16, 200X Date ■ CHAPTER 2 Preparing Leases and Rental Agreements A.
Every Landlord's Legal Guide by Marcia Stewart, Ralph Warner Attorney, Janet Portman Attorney