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Legal Mistakes Property Owners Should Not Commit

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Legal Mistakes Property Owners Should Not Commit

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  1. Legal Mistakes Property Owners Should Not Commit Handling a real estate property on your own can be tricky sometimes, specifically when your decision may have legal implications.  Here are few legal mistakes that property owners should avoid committing. Don't use generic or outdated rental lease agreement forms. Make sure that the forms are in compliance with local and state housing laws.   Make sure that you ask relevant questions during tenant screening and avoid questions that are discriminatory in nature. Not returning the security deposit at the end of lease period is an offence punishable by law. So, make sure that you return the security deposit to the tenant to avoid any legal trouble.  Late fee fine can motivate tenants to pay their rent on time, but setting a high late fee can be invalidated by court. Ensure that you do not discriminate people on the basis of race, religion, color, creed etc., since it is against the fair housing law.  www.lonestarrealty.net Lone Star Realty & Property Management, Inc. 1020 West Jasper Drive, Killeen, TX 76542 Phone: (254) 699 - 7003

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