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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

The case highlights the power (and potential risk) of enforcing daily late fee provisions in lease agreements. Their lease included a late fee clause charging $20 for each day that rent remained unpaid after the first of the month. What This Means for Landlords For landlords, the Foster v.

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Choosing an apartment management certification: Tips and comparisons

Buildium

Expand Knowledge and Build Skills Certification programs cover topics such as fair housing laws, leasing strategies, maintenance oversight, financial management, and tenant relations. Benefits: Enhances leasing success and tenant engagement, boosting occupancy. Benefits: CPM opens doors to top management and consulting roles.

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AI and Remote Hiring for Property Managers

BetterWho

AI-Powered Tenant Communication AI-powered chatbots and virtual assistants can handle tenant inquiries 24/7 , instantly providing lease details, answering maintenance questions, and processing service requests. How RTMs Support Property Management: Administrative Support: Handling lease agreements, tenant screening, and compliance tasks.

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Can You Sell a Property While Tenants Are on a Lease?

Authority Property Management

In California, landlords can sell a property even if it has an active lease. In most cases, the lease agreement dictates what happens next: Fixed-Term Lease: If your tenant has a lease with a set end date (such as a one-year lease), the new owner must honor it. Lets break it down.

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What Are Leasehold Improvements in Rentals?

Bay Property Management Group

These improvements are often considered capital assets and may require landlord approval, licensed contractors, and lease review before starting. If the Landlord Initiates It Sometimes, the landlord proactively decides to make value-adding upgrades before leasing the property. So, be clear on what happens when the lease ends.

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How to Draft a Professional Eviction Notice: Essential Steps and Tips

Property Management Inc.

Whether it’s due to unpaid rent, a lease violation, or a tenant refusing to vacate, drafting a professional eviction notice is your first step in reclaiming control of your property. Lease violations: Such as unauthorized pets, property damage, or illegal activities.

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7 Acceptable Reasons for Late Rent Payments Every Landlord Should Know

Property Management Inc.

You've managed your property meticulously, balanced your mortgage payments, and established lease agreements. Be Consistent with Lease Terms Consistency fosters trust. Apply late fees as outlined in your lease agreement and maintain professionalism when sending a late rent notice.