Investing in rental property at Lake of the Ozarks can be a great move for many people. For some, it is a major part of their retirement plan. There are a few legal issues involved with going into the property rental business at Lake of the Ozarks. There are also other legal issues that can come up between renters and landlords. That’s why it’s a very good idea to have a trusted attorney that you know and work with to guide you in the process and be there for you if a legal issue should arise unexpectedly. If you are interested in finding out more regarding what it entails to become a landlord Lake of the Ozarks, we have several helpful bits of information for you in today’s blog. These are common areas where having a knowledgeable landlord-tenant attorney at Lake of the Ozarks will make your job as a landlord easier and keep you more protected legally.
Rental Agreements
Having a proper rental agreement drawn up by an experienced attorney is a very important step. That contract entails the entire agreement between you and your tenants, and will determine what each party’s rights are, and exactly what you can enforce legally. When details are left out, it can be detrimental to you if there’s a violation, disagreement, or a challenge to the contract. Some of the things that must be clearly defined include exactly who the tenants are, payment amounts and due dates, the terms of the lease, deposits, fees, fines, etc. You can count on Gibbons Law Firm to include everything necessary in your contract, exactly as it should be to protect your legal rights.
Property Damage
Unfortunately, sometimes renters don’t take good care of the property they are renting and can caused significant damages. If that property damage exceeds their deposit, there are times when the landlord may need to take legal action to recover the damages. Having the help of an experienced attorney can help lead to a much more successful outcome. On the flipside, there are times when tenants may claim they have suffered property damage because of a landlord’s negligence. If a leaky roof damages electronics, or a tree that is not well-maintained falls on the tenant’s car, they may seek damages from the landlord. No matter the situation, having experience representation will empower you to handle the issues in the best way possible, and having and good legal advice from the beginning may help you avoid issues altogether.
Eviction
If you’re considering going into the rental business, it is possible that at some point you will deal with an eviction. It is an unfortunate situation to be in, and the steps you take should be done with knowledge of your rights, and your tenants’ rights. It is highly recommended that you seek guidance from a capable attorney before you start those actions. It is bad enough you’re having to evict someone, but if the situation draws on or you face further legal action because you didn’t understand the proper process, then it can make a bad situation even worse. That’s why we are here to help, and we offer free initial consultations.
Legal Guidance from Gibbons Law Firm
At Gibbons Law Firm, we are very familiar with the legal issues landlords face at Lake of the Ozarks. We are skilled at drawing up contracts that are clear to both landlord and the tenant and protect your rights as they should. We are fully capable of advocating for you through any legal challenge and can advise you ahead of time so you can avoid those issues when possible. If you have any questions at all about the legal issues you need to be aware of as a landlord, take advantage of our offer for a free initial consultation. We would be happy to meet with you and give you the information you need to be more informed as you embark on this new adventure. We also invite you stay in touch by following us on social media using the links below in our footer. We will share legal tips and helpful information there regularly.
Remember, your initial consultation with Gibbons Law Firm is always free.
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