Graduation Season Brings in Newbie Landlords: Experts Warn of Potential Surge in Rental Disputes

Reported 8 months ago

Experts warn that with the current trend of more individuals entering the housing market and the onset of graduation season, there is a likelihood of increased conflicts between inexperienced landlords and tenants due to unclear understanding of rights and obligations in rental agreements. Common disputes highlighted include rent arrears, management fee disputes, repair responsibilities, and discrepancies in utility billing. To avoid disputes, experts recommend clearly defining terms in the contract, such as repair responsibilities and payment methods, and even notarizing the contract. Landlords should also consider renewing leases in advance to prevent difficulties in property retrieval in the future.

Source: YAHOO

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