I Recently Inherited Property Which I Do Not Want To Sell At This Time. If I Decide To Rent The Property, What Will My Responsibilities?

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I Recently Inherited Property Which I Do Not Want To Sell At This Time. If I Decide To Rent The Property, What Will My Responsibilities?

If you decide to rent the property, you will be responsible for keeping the unit in safe and habitable condition, making repairs, selecting tenants and collecting rent from tenants. Once a property is leased, the tenant has a right to use, occupy and enjoy the premises in accordance with the lease or rental agreement. A written lease which clearly sets out the duties of both the landlord and the tenant provides the best protection for both parties. Your actions as a landlord are controlled by the terms of the lease and applicable federal, state and local law. There are a variety of books available at book stores and libraries which describe in general terms the advantages and disadvantages of becoming a landlord. You might also wish to consult with an attorney or real estate agent, experienced in managing rental property, for help in drawing up a lease and understanding a landlord`s rights and responsibilities.

Other Georgia Landlord/Tenant FAQs

Q: I Rent A Room In A House. What Are My Rights?
A: Your legal rights depend on whether you are a tenant, guest or boarder. A tenant is one who pays rent for the exclusive right to use the premises, usually for a … More
Q: Is My Landlord Required To Provide Me With A Smoke Detector?
A: Only if the county or city in which you live has a building or housing code that requires that every dwelling built after July 1, 1987 have a smoke detector. Not all … More
Q: Are Landlords Required To Provide Appliances Such As Refrigerators Or Stoves For Use In Their Units?
A: There is no state law requiring landlords to furnish appliances such as refrigerators or stoves. You should check your lease to see if such appliances are part of your … More
Q: A Tenant Wants To Review The Rental File The Landlord Maintains On The Unit. Is The Landlord Required To Allow A Tenant To Review The File?
A: No, those files are the sole property of the landlord or management company, and the tenant has no legal right to demand access to these files. However, if the file is … More
Q: Is There A Limit On The Number Of Persons Who Can Reside In A One Bedroom Apartment?
A: Georgia law does not regulate the number of persons who can reside in a housing unit. However, county or city ordinances would apply and may impose such limits.
Q: Must I Inform Prospective Tenants That My Rental Property Contains Lead-Based Paint?
A: Yes, federal law requires that most property owners who rent residential property built before 1978 disclose all known leadbased paint and leadbased paint … More
Q: What Information Can A Landlord Request On An Application? Can Landlords Charge An Application Fee?
A: Yes, a landlord can charge an application fee. The following information can be requested on a rental application: name, social security number, current landlord`s … More
Q: I Own Six (6) Houses Which I Rent. It Seems Someone Is Calling All The Time About Repairs. I Want To Continue To Rent The Properties?
A: A licensed real estate agent with experience in rental property management would have the experience and training considered most desirable to help you. Under Georgia … More
Q: I Own A Six Unit Residential Apartment Building Which I Rent. There Is A Parking Lot With Designated Parking Places. What Can I Do About Unauthorized Parking?
A: If you own the parking lot and have posted notice, you can have the unauthorized cars removed. The notice must be visible and state that unauthorized vehicles may be … More
Q: What Is A Lease And Why Is It Important?
A: A lease is a contract between the landlord and the tenant. The lease sets forth the rights and responsibilities of both the landlord and the tenant. The lease allows … More