As a landlord, you have many responsibilities. You need to maintain the structure and exterior of your rental properties, keep them clean, abide by local regulations, ensure they are safe and well-maintained.
If you’re new to being a landlord or if you are thinking about becoming one, it might be helpful to know what exactly landlords are responsible for doing. The list below covers some of the most basic things that landlords have to do.
As a landlord, you are responsible for:
Table of Contents
Finances
You’ll be expected to pay your mortgage and other bills on time, keep up with property maintenance and repair costs, and pay taxes if applicable.
Property Maintenance
You must ensure that the property is in good condition at all times—from inside to out (roofs need work too). This includes making sure that there’s enough heat or air conditioning during the winter or summer months respectively. It also includes keeping the grounds neat and tidy so that they don’t attract pests like mice or insects; this can help prevent infestations in other areas of the house as well as reduce any potential damage caused by those animals getting into wiring or pipes etcetera.
Legal Obligations
It is related to rental agreements between yourself/tenant(s), such as ensuring proper records are kept about rent payments made by tenants along with receipts for repairs completed within those agreements.
Privacy
You need to make sure, the privacy of your tenants, their keys, their mail and their contract details are kept private.
Fire Damange
As a landlord you must make sure necessary precautions are taken to eliminate any fire damage. Including fire extinguishers, smoke detectors and carbon monoxide detectors installed in the right areas of your rental property.
You must also make sure that you have a fire escape plan in place for each floor of your rental property and that all tenants are aware of what to do in an emergency.
Conclusions
You may also be required to pay for any legal fees related to disputes between yourself and tenants. There are many other responsibilities that go along with being a landlord which vary depending on the type of property you’re renting out (single family vs multiple units).
The best way to make sure that you’re on top of your landlord duties is to know the law and understand what it means. It’s also important to have a good working relationship with your tenants as well. If they don’t feel like they can trust you then things will fall apart very quickly!
The main responsibility of landlords is to maintain habitable properties. This means that you are required to keep the property in good condition, clean and safe for their tenants.
