Ted Kimball, Esq. December, 2018 1. Question: If we serve a three-day notice and the tenant decides to move out, is the tenant responsible to pay the monthly rent until the apartment is leased? Answer: So long as you attempt to relet the premises, the tenant is still liable for the rent until the lease...
Question I was hired as the manager at this community 5 months ago. During my interview process I indicated that I had a standing commitment to a family cruise in December. The regional that hired me indicated that it should be no problem since I would take the time as unpaid leave. Well, that regional...
By Lucinda Lilley, CPM®, GRI® We have asked FBS Vice President, Lucinda Lilley, to present a series of articles “Best Practices for Independent Rental Owners” that will be available in various publications from time to time and become a regular feature at Rent Sense. Lucinda is a Certified Property Manager (CPM) and a Graduate of...
We have asked Ted Kimball, Esq. with Kimball, Tirey and St. John to share the November 2018 Landlord questions and answers! 1. Question: If a tenant is evicted, does he forfeit his security deposit? Answer: Even though a tenant is evicted, he still has a right to an accounting of the use of his security...
Ms. Management Q. I am a leasing agent for a third-party property management company with a sizeable portfolio of large multifamily properties; some in lease-up and others undergoing major renovation. I have been in the industry for 2 years and with the same company. During my tenure I have been moved throughout the portfolio which...
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