Legal Tips for Landlords

There are a number of rental opportunities at the Lake of the Ozarks. Whether you're looking to rent out part of your property to make it more affordable or to make money as an investment property, it's important to have a good lawyer on your team. A lawyer at the Lake of the Ozarks can help you draft a legally binding rental agreement to help better protect your landlord rights. Check out some quick legal tips below to help set yourself up for a successful rental experience.

Legal Tips for Landlords:

Conduct A Thorough Background Screening 

The best way to avoid challenges with your tenants is to screen prospective tenants to filter out applicants who may be more likely to cause trouble. A background check does have some upfront costs, but it can save you a big headache down the road. 

Have Both Parties Sign A Comprehensive Lease

A proper lease agreement is the foundation of a successful landlord-tenant relationship. Your lease agreement should clearly outline all expectations tenants are expected to meet. Clearly explaining and documenting your expectations can help start your rental agreement off on a great foot. 

Keep A Written Record Of All Correspondence

As you work with your tenant, it is wise to keep a written record of all communication. Consider saving all emails, texts, and even written communication. If you have a verbal conversation with a tenant, recap the conversation for your records. This information can help protect you if a dispute arises pertaining to a conversation you've had with your tenant. 

Consider Eviction As A Last Resort

When your tenant violates your lease agreement or becomes problematic in another manner, your first approach should often be to simply talk with them. Make multiple efforts to work out a payment plan or work with the tenant to resolve the issues you're experiencing. It can actually take a court order to evict a tenant so try to resolve any issues before it gets to that point in the tenant-landlord relationship. 

Document All Payment Activity

As a landlord, it is essential that you keep thorough documentation of your tenants' payment activity. This information can come in hand when it comes to proving how much a tenant owes or when their next payment is due. It's also a good idea to establish a payment date that works with both you and your tenant. 

With these legal tips for landlords under your belt, you're ready to move forward with a positive rental experience. Renting your property can be very beneficial. It's important to ensure your rights are being protected and a lawyer for your venture is a great idea! Contact Gibbons Law Firm today to learn how we can help prepare you for a successful tenant experience. 

Remember, your initial consultation with Gibbons Law Firm is always free.

Your Trusted Legal Resource

Gibbons Law Firm

2820 Bagnell Dam Blvd, Suite B4

Lake Ozark, MO 65049

(573) 348-2211

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