Becoming a landlord at the Lake of the Ozarks can be a great opportunity for someone to create an income for themselves, and provide some much-needed housing. Whether long-term or short-term, buying property at the Lake of the Ozarks for rent is a very popular investment. Being a landlord can involve a few legal issues though, and the better you protect yourself, the more likely you are to prevent lawsuits or losses in court. If you are thinking about becoming a landlord, or are already a landlord, and would like to hear a few common reasons why you may want to have an experienced attorney on your team, we invite you to keep reading this blog.
Creating a lease agreement
The more clearly a landlord and tenant understand the agreement, the easier it is for the tenant to comply, and for you to enforce. Having an excellent landlord-tenant attorney in mid-Missouri help you with your lease agreement can save you lots of headaches down the road and ensure that you are positioned the best way possible to protect you from any adverse legal action. The agreement should clearly outline all the specifics, like exactly who the tenants are, the terms of the lease, payment amounts and when they are due, deposits, fees or fines, etc. Gibbons Law Firm in Lake Ozark knows exactly what needs to be in your lease agreement to protect you as a landlord, and we are happy to help.
Injury or illness
If you have a tenant claim an injury or illness due to negligence on your part, you don’t want to take it lightly. Of course, you know it is your responsibility to make sure that the home you’re renting is safe and hazard-free. That being said, if you are accused of something that is not due to your negligence, hiring an experienced attorney at Lake of the Ozarks is critical. Your lawyer can guide you on what to do, and if the tenants have a case.
Eviction
Having to evict a tenant is a terrible situation to be in. It is something you do not want to do without seeking legal advice first. You will want a lawyer who can guide you through the process and educate you on what your rights are as a landlord. If you’re going to take the steps to evict someone, you need to do it the right way, and an experienced attorney can show you the best way to go about it.
Property damage
This can go both ways. A landlord could have an issue where their tenants damaged the home they were renting, or the opposite, where tenants are claiming that their property has been damaged due to negligence on the landlord's part. Either way, having an attorney that you know and trust will make the situation much less stressful if it happens. Again, your lawyer should be able to let you know if you (or they) have a case and how to proceed.
These are just a few examples of why having a
landlord-tenant attorney at the Lake of the Ozarks is a smart move! If
you were thinking about becoming a landlord, or are one now, and do not have an
attorney, we hope you found this information helpful. If you would like to sit
down with us and see what other ways we might be able to help you, give us a call! Your initial
consultation is free. If you enjoyed this blog and would like to stay in touch and hear all our tips and information, be sure to follow us on our social media channels below.
Remember, your initial consultation with Gibbons Law Firm is always free.
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