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In every real property transaction, it is important to ensure you acquire proper title to the property you are purchasing and that you are aware of any potential consequences, to which you may be exposing you and your family. An attorney with real estate experience is familiar with title, mortgages, escrow, and the appropriate requirements of each type of transaction. If disputes arise over real property, our team of attorneys will aggressively ensure that the most efficient and effective result is achieved.
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Landlord/Tenant Seminar Handelin Law www.handelinlaw.com Phone: (775) 8828032 Address: 1000 N. Division Street, Suite 201, Carson City, NV
HANDLING SECURITY DEPOSITS 1.Transfer the deposit to any new owners 2.Give Tenant a receipt that shows amt.of deposit 3.Landlord’s Name 4.Bank Account 5.Number of where Security Deposit is held
TO REDUCE THE RISK OF A NON PAYING TENANT, YOU SHOULD: 1. Check with prior Landlords 2. Credit Check 3. Verify Employment
TYPES OF LEASES 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 Security Deposit The cost of purchasing and installing a key & Lock
HANDLING SECURITY DEPOSITS 1. Place deposit in escrow account. Transfer the deposit to any new owners 2. Give Tenant a receipt that shows amt. Landlord’s Name 3.Bank Account Number where Security Deposit is held of Of deposit
HANDLING SECURITY DEPOSITS (Cont’d) 4. Give tenant statement of current condition of premise 5. Pay Tenant the Bank Interest per year or 5% interest per year on the deposit
HANDLING SECURITY DEPOSITS (Cont’d) 4. Give tenant statement of current condition of premise 5. Pay Tenant the Bank Interest per year or 5% interest per year on the deposit
HANDLING SECURITY DEPOSIT (Cont’d) 6. Keep records regarding security deposit & make available to tenant 7. Deduct only unpaid rent, certain taxes & for damages to premise
ADDITIONAL PITFALLS TO AVOID Landlord a. Landlord must not antagonize Tenant d. Tenant w/hold rent if Landlord violates rental agreement b. Landlord must provide Habitability conditions e. Tenant has tort action against Landlord w/unsafe conditions c. Landlord liable for actual & consequential
ADDITIONAL PITFALLS TO AVOID (Cont’d) Put Tenant on notice of lead Paint Utilities have to be included in any written Agreement
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