Most businesses lease, putting them at risk of eviction if their landlord defaults. But as Todd and Myrna Dow, of Sisters, learned the hard way, a legal document — called a subordination, non-disturbance and attornment agreement — exists to protect against that very scenario, which has become more common with the down economy.
via The Bulletin.
“Whether the landlord dies or the property is sold or the management company changes, the lease that was signed is still binding on the tenants,” said Esther Patt, coordinator of the Tenant Union. “I think that maybe people perceive it as a personal relationship rather than a real estate contract.”
via The Daily Illini.
Homeowners associations and rental property owners are evaluating their policies surrounding secondhand smoke as laws and attitudes across the country evolve.
I am reluctant to sign a new lease with Jane until I get a release from Dick. Do you have any advice for me on this?
Some city landlords have begun prohibiting tenants from smoking inside their apartments, because of the dangers of second-hand smoke.
via Gothamist.
The thought of reading through a lengthy legislative act is painful to many of us; however, for a real estate investor, this is one that is a necessity. Your State's Landlord and Tenant legislation is something investors must be familiar with and have on hand at all times.
via The Trump Blog.
Tennessee Attorney General Bob Cooper says landlords can ban their tenants from bringing firearms into their property even if they have handgun carry permits.
via The Tennessean.
The Justice Department today announced that it had reached a settlement with a Virginia landlord to resolve allegations that she violated the Servicemembers Civil Relief Act (SCRA). The lawsuit alleged that the landlord failed to return prepaid rent and security deposits to a tenant who had terminated her lease early in order to comply with military orders to relocate from to Georgia.
