Landlord LPA Newsletter - New Year 2011 - Lease Reminder Notice

Dear Fellow Landlord,
Every New Year, I find find myself reflecting on the last year and planning and setting my goals for the year ahead. My goals and the possibilities always excite me! Thinking about my goals for investing and also dealing with rental turnover, I said to myself, "Attack the New Year! I mean really ATTACK this whole next year and SUCCEED! After all, it is going to attack you anyway, so why not GO FOR IT?" Let's make this a good year!

In this issue:

• Article: How to Remind Tenants of Lease Responsibilities
  
• Limited Time Free Download of New Essential Form!
  The Lease Obligation Reminder Notice
  
• Article: New Year Resolutions for Landlords
  
• Ask the Attorney, Real Estate Attorney, John Reno
  
• LPA Membership prices to increase slightly next week. If you plan to join The LPA, now is a good time!
  
• "Wealth & Success Quotes"
  

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

Fact: As time passes, it is common for tenants to forget some of the details and obligations they've agreed to in their lease agreement contracts. Landlords should be ready to enforce the terms of the lease whenever the tenants forget or neglect their responsibilities.

Many landlords will purposely overlook or ignore small violations or tenant ignorance of the agreement in order to avoid "making waves" in the tenancy.

The Lease Obligations Reminder Letter allows the landlord to enforce the terms of the lease by politely bringing the tenant's attention to certain items and covenants in the lease agreement that may have been overlooked or forgoten about.

It is important to enforce the rental contract terms as soon as it is apparent that the tenant is not understanding his or her responsibilities.

• The Lease Obligations Reminder Letter appears to be a standard periodical letter sent to all your tenants from management to point out some important items for the tenants to keep in mind.
• The letter helps keep the tenants in compliance with certain lease clauses. A small checklist of LPA Lease clauses are mentioned in the letter, such as...

  click for the full article...
  
  
  
  

  Limited Time FREE Download
  The LPA has done it again! This original new LPA form HAS PASSED THE TEST and will help you and your tenants stay synchronized and on the same page when it comes to understanding his or her lease responsibilities. When you notice tenants seem to be forgetting their duties under the agreement, rather than a full violation letter, this gentle reminder nudges tenants in the right direction.
  
  

  Lease Obligation Reminder Notice Lease Obligation Reminder Notice

  
  
  
  
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  Ask the Attorney

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

  John Reno also does Mortgage Loan Modifications (Nationwide).
  (Mention The LPA for a 10% discount!)

  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:
  I currently use the rental binder and deposit receipt from the landlord protection agency as a agreement when renting out my furnished rooms. I am currently in dispute with a former tenant over deposit money and his attorney has advised him that the agreement is not a legal document? I printed it from the website could this be true? thanks.
  neva brooks

  A: The problem is you say a lease will be signed. So its an agreement to sign an agreement. This is a complicated legal issue. I think it's valid. But it depends on what goes wrong after that. In any case, it's better to have it, than not have it. (In a perfect world you'd have the lease already for signature.)

  The rental binder & receipt form is just that. It was never meant to be a substitute for a lease or rental agreement. Why not invest ten bucks in a real rental agreement and make your life a lot easier?

  Read more from John Reno, Eviction Attorney

  
  
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  Landlord Resolutions for the New Year:

  I will
  
  • Screen tenants carefully and completely before accepting them.
  • Enforce my lease terms quickly. Also use the LPA's new form, the Lease Obligation Reminder Notice periodically.
  • Enforce rent being paid on time. Charge late fees and send notices promptly.
  • Replace bad tenants with qualified good tenants.
  • Do repairs that need to be done. Fix things quickly before they grow into bigger problems.
  • Take a serious step to improve myself as a landlord: Read a good landlording book, Join The LPA or another landlord association and learn the details of a good lease agreement.
  • Arm myself with the best landlording forms around so I can deal with tenants better.
  • Have lease renewal forms with reasonable rent increases ready to go out on schedule.
  • I will not return security deposits until after tenants have left and I have completely inspected and deducted for repairs and other charges. For this I will use the Security Settlement Statement.
  • Sleep better at night knowing I've got things covered.
  
  
  
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  Landlord Wealth Quotes

  "It is better to have NO tenant than it is to have a bad tenant." - John Nuzzolese

  "You, me, or nobody is gonna hit as hard as life. But it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That's how winning is done!" - Rocky Balboa

  "Fear melts when you take action towards a goal you really want." - Robert G. Allen

  "Act The Way You Want To Be And Soon You'll Be The Way You Act" - Les Brown

  "How much did your last tenant problem cost you?" - John@TheLPA
  
  

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  Quick Check Credit Reports, Inc. is proud to announce its affiliation and partnership with The LPA in helping landlords protect their interests by better screening tenants at lower costs!!
  
  

  • NO sign-up or set-up fees,
    
  • NO membership fees,
    
  • NO compliance fees
    
  • Just lower prices!
  
  
  Special Discounts for LPA members! See our price list!
  
  
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  FREE LPA Gift with Book Purchase!

  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

  Not only is Danielle Babb one of our county's most knowledgeable real estate analysts, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese
  
  
  
  

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  Interested in past LPA Newsletters? Feel free to view the LPA Newsletter Archive
  
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