#Rental property move out checklist skin#
#Rental property move out checklist license#

In particular, pay attention to the Fair Housing Act, which explicitly bars landlords from making decisions based on their tenants’ race, skin color, religion, sex, national origin, disability, or familial status. When you obtain your licenses, take some time to read the other laws that govern landlord-tenant relationships. A more dire consequence is that the government might shut down your rental business altogether. You might face hefty fines, and if you ever have to evict a tenant, you might not have the right to do so since you didn’t comply with the laws. Search your state government website to see if you can find the appropriate forms.įailure to obtain the required licenses can have serious consequences.

#Rental property move out checklist license#

The paperwork required to apply for this license varies depending on the type of property you’re renting and your state. You can file for it after you’ve obtained your certificate of occupancy.

Housing business license: This type of license is typically required for each rental unit.

To get a certificate of occupancy, contact your local building or zoning regulatory authorities or check your local government’s website for the documents you need to file.

Certificate of occupancy: This certificate is a legal document that protects prospective tenants by stating that a property is safe to live in.

Types of property management licensesĬheck out the two common property management licenses below: Some cities have much more stringent regulations than others, so make sure you understand the local laws. Īdditionally, just like any business owner, you’re required to obtain specific licenses for your rentals and register your properties to become a landlord. This is because residential mortgages aren’t designed for business use. For instance, if you have a standard residential mortgage instead of a buy-to-let mortgage, you’re not allowed to rent out your property without getting “consent to let” (i.e., without getting your lender’s approval). Owning a property doesn’t automatically mean you’re legally permitted to rent it. Confirm you have permission to rent out the property Go over the move-in checklist with your tenantġ.Collect the security deposit and first rent payment.Conduct safety measures and inspections.Confirm you have permission to rent out the property.To make the process easier, we’ve put together a 7-step landlord checklist for you to follow.

There are many things that you need to keep track of, as well as regulations you need to understand and abide by. Being a landlord, especially if it’s your first time, can be difficult.