Between 2019 and 2022, Salt Lake City saw the third-highest rent increase in the nation, with rents soaring by 24.6%. This is great news for landlords wanting to make more money, but it's not so good for tenants struggling to make ends meet.
If you're a Salt Lake City landlord, the time may come when one or more of your tenants can't meet their rental commitment. In this case, you'll discover one of the most unpleasant aspects of lease enforcement.
There's more to lease enforcement than evictions, so keep reading to find out more.
1. Stay Within the Law
Utah State protects both landlords' and tenants' rights with a series of laws. Ensure you know these legalities and your boundaries regarding lease enforcement.
In Salt Lake City, the Building Services Division regulates lease enforcement. There are many local and online resources that you can use to educate yourself about these housing laws.
This institution can help landlords and tenants resolve disputes surrounding lease enforcement.
If you're unsure about your responsibility as a landlord, many property management companies offer lease enforcement services. When you work with these experts, you know any necessary actions will take place according to prevailing Salt Lake City laws.
2. Compile a Solid Lease Agreement
The lease agreement outlines all the terms and conditions involved in renting a property. It specifies the obligations of both signatories, i.e., the landlord and tenant.
Some aspects you must include in the lease agreement are:
- Rental amount
- Lease enforcement terms and conditions
- Procedures for lease renewals
- Rules of Conduct
- Maintenance responsibilities
Your lease agreement must follow both Utah state laws as well as Salt Lake City's local laws. You can hire a lawyer to set up a lease agreement for you or work with an experienced property manager on this important document.
You must keep a copy of the signed lease, as well as any supporting documents such as receipts and invoices.
3. Lease Enforcement in Action
Lease enforcement is the process of ensuring all relevant parties follow the terms of the lease. It may involve actions such as:
- Sending notices
- Performing repairs
- Collecting rent
- Carrying out inspections
- Resolving disputes
- Initiating evictions
As a landlord, you're responsible for all these aspects on your own, unless you hire a property manager who offers a lease enforcement service.
Both landlords and tenants can experience difficulties with some areas of lease enforcement, especially when there are misunderstandings surrounding the lease.
When an irreconcilable issue arises, either party can get help from a mediator or seek legal advice.
Effortless Lease Enforcement for Landlords
Lease enforcement is vital for landlords to uphold the quality and safety of their properties.
The best way to avoid any unpleasantness involved with these procedures is by hiring a Salt Lake City property management service.
Not only will a property manager ensure your investment stays in premium condition thanks to regular inspections, but their tenant screening procedures ensure your renters can afford to stay up to date with their payments.
Get in touch today to discuss our range of property maintenance, rent collection, and other lease enforcement services.