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Landord Newsletter October 13, 2009

Landlord Mini Newsletter October 13, 2009

Dear Fellow Landlord,
The truth is, most landlords would prefer to return all of the security deposit to the tenant after the tenant leaves. It is always my pleasure to give former tenants their full deposit, because that means that they have returned the property in satisfactory enough condition, so there were no deductions from the deposit.

In this issue:

  • Free Security Deposit Form Download!
  • FREE LPA Lease Clause
  • Ask the Attorney Q&A with John Reno
  • Tenant Rent Excuses

Please e-mail us if you have any questions or would like to add or share any material / information.
John Nuzzolese
John@theLPA.com



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Did Your Tenants Vacate As Agreed with NO DAMAGES?

Hooray!

As hard as it might be to believe for some landlords, some tenants are worth their weight in gold. They actually abide by the lease agreement, maintain the property and even cooperate and follow all your rules and instructions for move-out. Now that's a tenant who deserves a full security deposit refund!

Along with the deposit refund that you send to the tenant's forwarding address (after you've inspected the property for damages, of course), you can send the pre-written Security Deposit Return in Full Letter.

Security Deposit Return in Full Letter thanks the tenants for their performance as tenants in your rental and offers them a positive references in the future if needed.

The form is a handy time saving touch when returning a full deposit.

FREE DOWNLOAD

Save time and end the tenancy on a good note.Security Deposit Return in Full Letter

(You can download this form free till October 31, 2009 in or Adobe PDF)

Fortunately, I've been getting to use this form more and more lately. That is a good sign because it means that the rentals are being left as agreed. That translates to a lot less work and expense for me in getting the properties ready for the next tenants!



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FREE LPA Lease Clause: BASEMENTS AND GARAGES

Have you ever had a tenant threaten to sue you for damages to personal property because they stored it in the garage or basement? I have.

Sometimes basements and garages leak or are subject to moisture and mildew and can cause damage to personal property. We find this clause is most helpful in leases for single family home rentals, but has also been successful in multi family dwellings.

Just copy and paste into your lease document. (If you already use The LPA Lease, the clause is already there.)


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Ask the Attorney

The Landlord Protection AgencyThe Landlord Protection Agency® is proud to introduce John Reno, Esq., a highly experienced Landlord - Tenant attorney based on Long Island, NY.

If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Submit a landlord / tenant question for Mr. Reno
Please try to keep your questions as short and to the point as possible.


Dear Mr. Reno:
Hello Mr. Reno: My name is Teresa and I live in Southern Calif., but I own a small house in Fort Worth Texas which is the issue of my question today.
My tenants just moved out owing me 4 months of rent and what's worse they left my house in a shamble condition, They obviously have no money, but, is there a recourse for me? Please advise. Thank you. Teresa S., CA

A: This does happen quite frequently, I'm afraid. You always have the option to sue, but is it worth it? Hard to say. Out where I am you can sue in small claims court for up to $5000.00. That's probably best b/c you can go w/o a lawyer. Its all part of the cost/benefit analysis every landlord has to make in this situation.

Dear Mr. Reno:
SITUATION: MY 2 FAM/HOUSE RECEIVED A NOTICE OF FORECLOSURE, BUT A DEFAULT JUDGMENT HAS NOT BEEN ENTERED YET MEANING THAT I,M IN THE PROCESS OF GETTING A LOAN MODIFICATION TO KEEP THE HOUSE.

QUESTION
CAN I EVICT THE TENANTS WITH NO LEASE IF I GIVE THEM AMPLE TIME OF COURSE, WITHOUT ANY PROBLEMS. THE TENANTS KNOW ABOUT THE NOTICE AND I WAS TOLD BY A TENANT THAT I WAS RESPONSIBLE FOR MOVING HIM AND PAYING HIS RENT FOR SIX MONTHS BECAUSE OF SUCH NOTICE.
JAY, NEW YORK

A: Your tenant is suffering from a common misconception. You are still the landlord with all the usual powers of eviction until the actual foreclosure SALE takes place.

Read more from John Reno, Eviction Attorney



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FREE LPA Gift with Book Purchase!
Click here to order Dani Babb's Book,  The Accidental Landlord Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".

Get your copy now... with a FREE BONUS! from theLPA.com



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Tenant Excuses

"You are so old and so rich you don't even need my money. What are you gonna do- go out and get your Mercedes waxed with it?" No, but I think I'll spend his security deposit on my attorneys fee to evict that foul mouthed good for nothing! - Estelle, KY

"Come see what I did for you. You won't want the rent when you see this!" Oh my God! She painted everything fire engine red --- glossy! All my beautiful crown moldings and wood work. Her deposit will never be enough to restore it. - Louis, Tustin, CA

"I don't have rent because the police took it during the drug raid." - John, Raleigh, NC

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This offer also applies to 2-5 year Membership Renewals!
Check out our low renewal prices
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NEW SITE FEATURE: PICTURES!
Worth A Thousand Words!

The LPA's Rental Advertising division,"Landlord's Corner" allows you to include up to 6 pictures (thumbnails and full size pictures) in each rental ad.

(UNLIMITED FREE ADS come with LPA membership!)

LPA members: FREE!
Non-members: only $5. per ad.

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