Real Estate Guide
Piper Properties provides daily Information on Buying and Selling A Home, hints, and resources for home buyers, sellers, and mortgage borrowers, home insurance, content insurance and much more!
Piper Real Estate Advice
Recommended Sites
Piper Reads

Archive for September, 2011

Landlord Insurance and Tenants’ Rights

We have all heard of those scary tenant stories where the house is left to ruins. It is then up to the poor landlord to fix and repair all the damages that have been inflicted on the house. Often you hear of tenants who run off without paying rent. It is a sad world where tenants are irresponsible. However, as a landlord, you should also remember that most tenants are law abiding citizens. As such, it is imperative that you treat them with respect as well. Do not view each tenant as a potential threat. After all, if you were so afraid of them, do not rent out your house to strangers in the first place.

The best way for you to safeguard your interests would be by opting for house insurance. This is a very handy way to ensure that you will always be able to seek compensation in the event that something goes wrong. You should also be mindful not to be over zealous when it comes to your tenants though. They have their rights as well and you should not at any one time do anything to persecute them even though they are living in your property.

Basically, you should ensure that the living space accorded to them is always in good condition. You might be the landlord but they have the right to make a complain if your house is in such bad condition that it is not fit for humans! That might be a little harsh but there have been instances where tenants have been subjected to horrible sleeping conditions because their landlords are nasty people.

Even if you feel uncomfortable having your tenants living in your house, you cannot forcefully eject them from the premises or get anyone else to threaten them in any way. Remember that you also have a responsibility to them as your tenants. They have a right to seek legal action if they feel that they are in danger from you. Just because you are the landlord and just because you have house insurance does not mean that you can do bad things to your tenants!