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Handelin Law represents individuals and companies in both transactional and litigation matters involving real estate. Because our team of attorneys has substantial experience with litigation, we can identify and pre-empt potential issues that could lead to litigation when assisting with real property transactions. We maintain close relationships with professionals in the real estate, tax, investment, and insurance industries to ensure the best all-around representation for our clients.
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Landlord/Tenant Seminar Handelin Law www.handelinlaw.com Phone: (775) 882-8032 Address: 1000 N. Division Street, Suite 201, Carson City, NV
HANDLING SECURITYDEPOSITS Transfer the deposit to any new owners Give Tenant a receipt that shows amt.of deposit Landlord’s Name Bank Account Number of where Security Deposit is held
TO REDUCE THE RISK OF ANON- PAYING TENANT, YOU SHOULD: Check with prior Landlords Credit Check Verify Employment
TYPES OFLEASES Tenancy at Will Tenancy under Lease
SECURITY DEPOSIT &LAST MONTHS RENT Advance Payment of the 1st month’s Rent Advance Payment of Last Month’s Rent A SecurityDeposit The cost of purchasing and installing a key & Lock
HANDLING SECURITYDEPOSITS Place deposit in escrow account. Transferthe deposit to any new owners Give Tenant a receipt that shows amt. Of deposit Landlord’s Name
HANDLING SECURITYDEPOSITS (Cont’d) Give tenant statement of current condition of premise Pay Tenant the Bank Interest per year or 5% interest per year on the deposit
HANDLING SECURITYDEPOSITS (Cont’d) Give tenant statement of current condition of premise Pay Tenant the Bank Interest per year or 5% interest per year on the deposit
HANDLING SECURITYDEPOSIT (Cont’d) Keep records regarding security deposit & make available to tenant Deduct only unpaid rent, certain taxes & for damages to premise
ADDITIONAL PITFALLSTO AVOID Landlord a.Landlord must not antagonizeTenant d. Tenant w/hold rent if Landlordviolates rentalagreement b.Landlord must provideHabitability conditions e.Tenant has tort action against Landlordw/unsafe conditions c.Landlord liablefor actual & consequential
ADDITIONAL PITFALLSTO AVOID (Cont’d)
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