All American rental property owners, particularly those who are in need of essential repairs but lack sufficient funding to do so, should have made aware of the existence of home improvement grants that are sponsored by the United States government. Whatever your repair issues are that of a cosmetic nature or a project related to tenant safety, whether you need supplementary funding in order to do it, or you just would rather spend Uncle Sam's money than your own, there may be generous amounts of free government money for you to apply towards your expenses.
Knowing this, let us now concentrate on a rather important subject for landlords … the consequences of neglecting to maintain your rental properties. Although this may seem an unpleasant topic to discuss, we know that this is pertinent information for a landlord to possess, and requires recognition. When adhering to a rental agreement made between a landlord and tenant, it is a given that the unit made available to the renter, as well as all common areas of the building such as laundry rooms, hallways, courtyards, and basements, will be properly maintained and inspected in order to insure tenant safety. Many respectable landlords utilize government home improvement grants make this possible
When the required maintenance is left tended to, or poorly performed, this puts the tenants at risk of potential danger. The repercussions of the neglect of the building, and compromise of its occupants, can result in a number of unfavorable circumstances for the property owner. Aside from the obvious downfall being that any unattended to repair issue typically will in time become worse and more costly to repair, there are many poor scenarios that often occur for landlords who's maintenance attention skills leave something to be desired.
Regardless of whether or not they have a signed a lease, any legal occupants of your building have a right to safe conditions and repairs to be made in a timely manner. If you as the property owner do not attend to these matters, it is completely legal for your tenants to withhold their rent payments until you do. You do not have to have any type of written agreement with the tenant for them to take this action. It is their right, and it is the law.
In addition to this financial setback, you may then be fined by state or city inspectors and court ordered to make the repairs, or in some extreme cases, evacuate the concessions. On a regular basis, many particularly undesirable landlords have been sued by tenants, had their buildings condemned, and some repeat offenders have actually been jailed for such negligful actions that put the building occupants in physical jeopardy. All the while acquiring free government money in home improvement grants to finance the repairs could have injected this.
If you are a landlords, good or bad, with wonderfully kept property, or homes that require extensive rehabilitation, do yourself and your tenants a favor and familiarize yourself with the free government grant programs that offer home improvement grants. After all, an ounce of prevention really is worth a pound of cure.