A landlord is anyone who owns a property that is let out for tenant occupancy. Owning a rental property may have its investment perks,
however, as long as the owners adhere to the laws laid down by the Rent Control Act of their respective state, they are free to exercise their rules upon tenants occupying their property. The Legal rights of a landlord ensures that he is in control of the possession of his property.
Some of the rights of the landlords include:
-The right to choose a suitable tenant who will occupy their property. The owner can also do a background check of their prospective tenant by
looking into their employment records and previous tenancy records.
– The landlord has the right to collect security deposit in an escrow account to indemnify him for any future losses. He can deduct from the deposit in case of damages done to the property.
-The landlord can impose a rent according to the industry standards and holds the right to monthly rent payments as per the terms and conditions of the rental agreement.
– The landlord can evict the tenant if they breach the rental agreement by indulging in illegal activity, subletting the property without prior intimation, delaying payments etc.
– The landlord has the right to charge the tenant 10% of the rent as maintenance fee towards the upkeep of his property.
-The landlord can also recover possession of his property for renovation under the conditions that it cannot be carried out if the property is not vacant.