As a first time landlord, you want to make sure that everything you do is correct. Not only do you want to protect your property and investment, you also want to make sure you are fulfilling your duties and remaining legal in the process. The following are a few legal pitfalls to avoid when you are new to the landlording business.
Pitfall #1: Generic lease
It's relatively simple to go online and download a generic lease form, but this can be a mistake.
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Getting approval and signing the final papers to move into a condo in the city is exciting. Once you finally settle into your luxury condo, you may find that life changes somewhat. You are likely to run into more neighbors, you will be in one of the nicest areas of towns, and your home will be well built. There are some ways that living in a luxury condo can subconsciously change you as well.
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Starting a family is one of the first things that couples do when they get married and buy a house that they plan on living in for a long time or possibly for as long as they live. It is best to go into the home buying process knowing that you will be trying for a baby shortly after moving in. This will give you natural necessities such as a spare bedroom or two to guarantee a bedroom for your child.
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After purchasing a house, you can easily update the flooring, paint the walls, and make a host of other aesthetic changes to transform the space into something you love. However, there are a host of things that may be quite challenging, if not impossible, to change. Make sure you know what to look for. Make sure you know what not-so-easy-to-fix factors you should be focusing on.
Foul Smell
If you walk into a potential property, and you are greeted with a foul odor, take heed.
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The number of bedrooms, the size of the kitchen, and the neighborhood are some of the crucial details that most people will take into consideration when buying a house. But, if you have a medical condition that impacts your life on a daily basis, you need to prioritize it on your journey towards homeownership. Light sensitivity is something that you may have been dealing with for a long time. No matter how many eye doctors you see to try to come up with a solution, the problem may not go away.
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