Property Management for Your Rental Homes

Home rental property management must be able to address key issues concerning property investments, that of repair and maintenance and the tenancy agreement. Tenancy agreements can be a tad complex. There are statutory provisions that hold the power to overrule codified tenancy agreements. As thus, home rental property management must consider relevant statutory provisions when closing a tenancy agreement.Some of the key factors to consider are the terms explicitly expressed by the tenancy agreement, the terms expressed by the statutory provisions, and the less weighty terms implied by the common law. Any violations made against these terms are tantamount to a breach of contract. As for the issue of repair and improvement, the home rental property management must see to it that codified clauses explicitly express who is liable for what. The responsibility may lie in the hands of the landlord or the tenant, depending on the clauses stipulated in the tenancy agreement. If in case the tenancy agreement places the weight of the responsibility on the tenant, the question of enforceability depends on the nature of the repair and the length of tenancy.

If the tenancy period is short (less than seven years), obligations for repair lies in the landlord by virtue of existing statutory provisions. Also, an explicit distinction between "repair" and improvement" must be made. Improvement covers the addition of features that are yet to be in existence while repair refers to the more essential replacement or renewal of auxiliary features of the property. The law does not impose any obligation on improvements, unless stipulated by the tenancy agreement. Another issue, which concerns the home rental property management, is the problem of condensation. Tenancy agreements usually have clauses in place for the special purpose of ensuring that the tenant is ensured proper ventilation.

The problem of condensation is something that requires attention as it can cause damage to both the landlord and the tenants. It becomes a problem on the part of the landlord when the poor ventilation results to the formation of mould or when it causes damage to the plasterwork. All these can result to the need for costly repairs. With costly repairs come many complex issues such as the question of who holds responsibility for covering the costs-something the home rental property management must keep away from.As for the installation of property essentials such as the water supply, electricity, gas, room, water heating and sanitation, tenancy agreements do not obligate the landlord to install them. The landlord's obligations are simply to repair and maintain those that already exist.