Renting out your property/ Renting Legal Advice: . Ask An Agent for buying a home tips. Germantown, Maryland (410) 885-4440
Financial Terms and Conditions
Every state has laws that address what landlords can and cannot do when it comes to security deposits, fees, and rent increases. For example, California allows landlords to charge up to two months’ rent for a security deposit, three months if the unit is furnished, and some states require landlords to pay tenants interest on their security deposits. Have you checked the laws in your state to see if your lease complies?
If you offer multi-year leases, it’s important to address rent increases so you don’t get locked in to lower rent payments over the long term. Also, some states prevent landlords from billing tenants for shared utilities, so you’ll want to make sure utilities, HOA fees, and other financial items beyond the monthly rent are clearly articulated in your lease.
Get a legal plan from LegalShield and have a provider lawyer help make sure you’re following the law
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Lake Forrest Realty
20073 Dunstable Way Germantown, MD 20876 - Appointment Only
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