Utah Fair Housing Act: an Overview
The Fair Housing Act (FHA) mandates all housing-related activities to be free from discrimination on the basis of certain protected characteristics. When renting out your rental, for instance, the act requires that you do so fairly and consistently. And landlords aren’t the only ones required to abide by the FHA. Lenders and home sellers must also ensure their housing-related transactions are devoid of discrimination, as well. What is the state's FHA? How did it come about? Who enforces it? How can a housing provider avoid violating the act?…
Renting Out Your Home in Ogden: Everything You Should Consider
Renting out a home can be incredibly rewarding in Ogden. You can use the extra passive source of income to boost your savings or pay down your mortgage. However, renting out a property can be more trouble than it’s worth if you fail to make certain appropriate considerations. In today’s article, you’re going to learn 6 tips on how to rent out your house in Ogden successfully while following the state's landlord-tenant law. 1. Know the Responsibilities That Come with Being a Landlord First and foremost, understand your landlording responsibil…
Checklist: Preventive Maintenance on Rental Properties
You've crunched the numbers on your new rental property and they all add up. You found a great location, screened trustworthy tenants, your paperwork and documentation are tight, and your policies are clear and understood. With all that going for you, how could you possibly lose? All your profit can turn into losses if you forget the importance of preventive maintenance on rental properties. Among the biggest mistakes landlords make, neglecting preventative property maintenance is one of the top reasons landlords lose profits. Make sure your sh…
Top 5 Reasons to Require Tenant Liability Coverage
1. Protect Owner's Investment It is expected that at some point during tenancy, there will be damages caused to your property protection for your investment, we recommend requiring all tenants to obtain liability coverage of $100,000 to ensure that when an accident occurs such as the washer overflowing, a clogged toilet overflowing, or trampoline flying into a window; the obligation of the damages is covered by the tenant, and you as the owner are not stuck paying large expenses that are not your responsibility. 2. Protect Tenant's Investment W…
Breaking a Lease in Ogden, Utah - Know the Laws
Most landlords in Utah require their tenants to sign a lease before moving in. This lease agreement makes their tenant contractually obligated to adhere to the terms of the agreement for the duration of the tenancy (usually a year). Breaking a lease agreement is when a tenant, for whatever reason, moves out while the lease period is ongoing. This can be legal or illegal depending on the reason for moving out and whether or not the tenant has met the Utah law requirements. The following is everything you need to know about a tenant breaking a …
