Real Estate Lawyer Long Island NY, Markotsis & Lieberman, Esq., Discusses Commonly Asked Questions About Landlord Rights
HICKSVILLE, N.Y., March 6, 2019 /PRNewswire/ -- When renting a unit, there is a list of things that you need to keep in mind. However, the most important thing to do is to know your rights. Many landlords run into the same common problems and situations. Real Estate Lawyer Long Island NY, Markotsis & Lieberman, Esq., discusses the most commonly asked questions when it comes to landlord rights.
Are landlords required to renew a lease?
If your unit that is not rent-controlled or rent-stabilized, you are not required to provide your tenant with a lease renewal. However, if you are happy with the tenant, you may want to reach out before the expiration of the term to try and negotiate a new lease,
Can a landlord recover his legal fees if he has to evict a tenant?
A landlord may recover reasonable legal fees incurred in evicting a tenant, so long as there is a lease which includes such language. If the lease does not include a provision that allows for the recovery of attorney's fees, or if there is no lease, then you cannot recover.
Can a security deposit be used by the tenant as last month's rent?
Generally, the answer would be no. A security deposit is to be used to cover any excessive damages to the property that were caused by the tenant. Your tenant does have a right to see a list of expenses that the deposit was used for and any unused funds should be returned to the tenant promptly after the lease is over. However, if the tenant vacates without paying the last month's rent, you can apply the security deposit toward that rent.
What is the benefit of having a lease vs. month-to-month rental?
While a month-to-month rental provides more flexibility, it also provides the least amount of security. Having a lease locks in a consistent monthly payment and timeframe which you have a tenant in the unit that can be helpful for long-term planning and budgeting. It also specifically spells out the rights and obligations of each party,
Even though these may be some of the most commonly asked questions about landlord rights, there are still many other situations that can arise while renting. Markotsis & Lieberman, Esq. has helped numerous individuals understand their rights and navigate each unique situation, which is why it's important to contact a specialized attorney when you think your rights as a landlord are being violated.
About Markotsis & Lieberman, Esq.: Markotsis & Lieberman, P.C. is a general practice law firm. Practice areas include real estate, litigation (commercial and civil), business formations, agreements and transactions, and wills, trusts and estates. Our team of seasoned attorneys is here to guide you through every step of the legal process providing personalized attention to every client. When you're facing a complicated legal situation, our team of legal experts is there to fight for your rights.
SOURCE Markotsis & Lieberman, Esq.
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