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Alabama Residential
Landlord-Tenant Manual |
Forget about generalized advice written for everyone in the
entire United States. This book is for YOU!
The complete guide for all Alabama residential
landlords. Includes in-depth advice:
- Requirements of the new Alabama Residential Landlord
Tenant Act (including a "cheat sheet" checklist!) and how
the courts in sister states have interpreted the same or
similar statutes. Right now there is almost no
Alabama case authority for guidance--we will have to
elsewhere for interpretation.
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- As an example, the Alabama statute says you
must give 2 days notice before entering the
premises, except in the case of emergency. It also
says it is illegal for a lease to waive rights
granted under the statute. So, what do you do
when a lease will end in two weeks, a motivated
tenant prospect calls to look at the unit and will
make a "rent decision" this afternoon, you
can't give two days notice and you can't reach your
tenant for permission? Can you show the
unit?
- Important lease clauses your attorney might recommend,
and what they mean. Learn about language to
include in your leases to cut down on slow payments,
increase revenues and tenant retention, and avoid
problems.
- Fair Housing and other laws, including procedures you
should put into effect immediately to avoid violating the
law.
- Important rules of thumb regarding ratios for expenses,
rents, and occupancies.
- Position your properties to bring top dollar on sale
without spending a penny. Understanding how investors
evaluate your property can make all the difference.
Worksheets included.
- Management companies--how to hire, manage, or do
without. Understanding the management contract.
Advice regarding when to hire a management company, even if
you think they won't do as good a job as you!
- A survey and critique of landlord/tenant software.
- Local and national trade associations, and what they
can do for you.
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