Reasons to Put Landlord Agreements in Writing

August 26, 2011 RSS Feed Print
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They say the only sure-fire way to “win” against the IRS if you’re ever audited is with documentation. And most people agree it’s a wise move to get everything in writing — agreements and otherwise. You should document your phone calls by drafting a write-up on whom you have spoken with and when. Detail the conversation and the determination that was made. And always keep copies and records of all correspondence, including e-mails.

The same thing rings true for when you, as a tenant, are working with your property manager and/or landlord of the home you’re renting.

Don’t always trust a landlord who grants a quick verbal permission for you to “go ahead and paint the walls.” You should secure that permission, in writing, to paint the walls in a specific color. It’s also good to attach a paint sample color to this written permission. Carefully outline the specifics of your painting agreement, including whether you should paint it back to the original color, or leave it as it, and then have the landlord sign off on it and date it.

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You’ll avoid the problem of a wrongfully held security deposit when, during your move out, the landlord forgets or flips out over the brightly colored, neon green colored walls you chose. You can just quietly pull out your documentation allowing the permission and respectfully remind your landlord/property manager of what you agreed to. Keep this in mind for all other rental items too, such as payment arrangements, allowing pets to be on the property or for permission to make repairs to the home on your own.

Verbal agreements, although legal in some states, rarely hold up and often cause more problems. Whether you’re working with a real estate transaction, a rental lease agreement or dealing with the IRS always remember to get it in writing and you’ll be in all right in the end.

Jessica Hickok is a realtor and property manager with Dizmang Properties, Inc. in Springfield, Missouri where she and her business partner manage over 200 single-family homes. She is the co-founder of the web site www.landlordredlist.com and blogs about property management projects on her personal site at www.jessicahickok.com and via Twitter as @SugarCube.

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Why is that everything that is written is about "tenant Help" How about help for the Landlord. We have spent $1000's plus 3-4 lost rents getting deadbeat tenants out of our property. Between all the tenant help articles and the lawers finding all kinds of delaying tactics, the Landlord loses. We even had to pay the tenants lawer to end the nightmare. Losing money and time going to court just to have them get another extention. Where is the help for the honest and law abiding Landlord? We can't change the locks and just put them out anymore, we can't put them out in the winter if there are children, we can't do anything but sit and pray that the court will for onc,e honor the Landlords rights.

Lillian of IL 12:06PM July 07, 2012

It is a great article. This is my important purpose in blogging

Turkey Property of AR 3:14PM December 30, 2011

If you would like to settle IRS and/or state taxes "Free Tax Settlement" can analyze your financial situation and find which tax settlement method would work best for your particular tax situation.

jesusnoland of CA 7:16AM August 27, 2011

My Money

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