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Real Estate News and Advice |
September 5, 2008 |
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Renter Rights in Homeowner Associations
by Richard Thompson
The phrase "absentee landlord" conjures up images of the "tenant from hell" and an owner who could care less what happens. However, both are myths... both want the highest return for their investment. What benefits the homeowner association will also benefit them. The Board can take some steps that will help assure a more successful tenancy. It is reasonable to want tenants and landlords to comply with the rules. Of course, the tenant has to know what they are in order to do that. Remind the landlord that the tenant is bound by the same rules as owners. Include renters with other new residents who receive information summarizing the rules and amenities. Landlords should provide the Board with:
The last item is the most important because it places the burden on the landlord to advise the tenant of rules and requires that the tenant acknowledge receipt of that information. Landlords also should:
Tenants are not second-class citizens. Treated like members of the community, they will probably act the part. Integrating them as neighbors, they will take care of the property and respect the neighbors. Treat renters like owners and all win. For more on this subject, see www.regenesis.net. Published: June 28, 2000 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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