What Happens if You Can’t Pay Your Rent?
As a rental tenant in Baltimore, it’s important to understand your rights and your landlord’s rights in the state of Maryland. While on-time rent payments are always encouraged, life circumstances can sometimes arise that make on-time or full payments impossible.
In general, landlords and property managers have the power to forgive occasional late rent payments if they choose to. However, on-time rent payments are typically required per most rental lease agreements. This means that Maryland landlords can take legal action when tenants are unable to pay rent.
Failure to Pay Rent in Maryland
If a tenant fails to pay rent in Maryland, landlords can go to court to ask for eviction of their tenant. The procedure of rental tenant eviction is called a summary ejectment, and the court cases are typically called failure to pay rent cases. (more…)
Although your goal as a Maryland property owner is to find reliable and long-term tenants, there might come a time when you have to pursue an eviction. Either due to nonpayment or extensive property damage, an eviction might be the best way forward. Here are the conditions in which you can evict a tenant with a 30-day notice.
As a landlord, the responsibility of maintaining your rental property falls to you. This includes everything from making minor repairs to complying with building codes to dealing with major disasters.
Renting out your property can be a solid way to keep your income flowing.
Even the best tenant might inadvertently damage your property. These damages can cost you time and money in addition to creating frustration. You can reduce the stress of worrying about potential damages when you take steps to ensure your tenant will take better care of your property.
Each state in the U.S. has its own laws regarding fair housing. In Maryland, article 20-702 of the Annotated Code of Maryland addresses this issue. If you are an owner of rental property in the state, you must familiarize yourself with this section of Maryland law.
Keeping your rental property in good condition requires more than just making it look attractive to prospective tenants. Each time a unit becomes vacant, take the time to perform a basic safety inspection to ensure your new tenants can live safely in the dwelling while reducing your liability and risk of facing state fines.
As a property owner, your goal in collecting a security deposit from each tenant is to cover the costs of repairing extensive damage. This requires knowing how to tell the difference between excessive damage and normal wear and tear. Once you understand this difference, you can fairly apply your use of the tenant’s security deposit.
From time to time, it will be necessary to have your rental property inspected. Such inspections will help you protect your property while ensuring your tenants are living under safe conditions. When done on a regular basis, the inspections can save you money by identifying repair issues early.
Before you rent out your property for the first time, take the time to outline all of the expectations you’ll have for your tenants. These terms will go into the lease, and they should include any upfront deposits you’ll expect a new tenant to pay. Knowing how much to charge a tenant in advance will ensure you remain consistent with each of your renters.