Tenants From Heaven In Your HOA

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Tenants From Heaven In Your HOA

Written By: Richard Thompson

The phrase "absentee landlord" in a homeowner association context conjures up images of the "tenant from hell" and an owner who could care less. However, generally speaking, both the landlord and tenant want the highest and best returns on their investments. What benefits the homeowner association will also benefit them.

Landlords should be required to provide the board with:

a. Name of the tenant and contact information.

b. Vehicles information make, model, plate number.

c. Copy of the Rental Agreement that references the HOA rules as a condition of the agreement. This is very important because it places the burden on the landlord to advise the tenant of rules and shows that the tenant received that information.

While the HOA cannot require it, common sense and good management practice indicate that landlords should also:

a. Perform credit checks on prospective tenants.

b. Check several previous landlord references HINT: The most recent landlord may have a vested interest in getting this tenant out.

c. Have read and understand the states landlord-tenant laws, and

d. Identify all occupants in the lease by name to avoid "musical" tenants.

While the landlord is the key to properly framing a tenants role within the HOA, its also important that the board, manager and owners refrain from treating tenants like second->For more innovative homeowner association management strategies, subscribe to www.Regenesis.net



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