Miami is a cultural hub, making it a popular choice for relocation. Like many Florida cities, rental properties are in high demand, so you don't need to put up with bad tenants.
Today, investing in the Miami real estate market requires navigating Florida's changing landlord/tenant laws. High demand makes lease enforcement a critical component of tenant lease contracts. When renters refuse to abide by the lease terms, you must know how to enforce the lease agreement.
Today, we'll cover the lease enforcement process and what goes into it regarding Miami real estate. Continue reading below for a complete guide.
1. Lease Enforcement Process for Miami Real Estate Market
Lease violations can put you at risk for damages to the property and cut into your profits. Violations attract unwanted attention in the neighborhood and make the property less desirable.
Florida real estate investors must develop and document their lease enforcement process. Outline the process in the lease agreement that tenants sign and provide them a copy.
At lease renewal time, use any violations to modify the terms when allowable by Florida real estate laws.
2. Understanding the Terms of a Lease
It's easy to go on a website that generates lease agreements by populating a few fields. You still need to consult with a real estate attorney or professional to ensure the lease meets the standards and laws for Miami leases.
A lease agreement is a legal agreement between landlord and tenant. It can become harder to evict a bad tenant if it doesn't incorporate the correct language or follow rental laws.
3. Inspecting the Property
Before lease enforcement begins, you must inspect the property according to the terms in the rental agreement. Miami property inspections require notice to the tenant at least 12 hours before the inspection.
The inspection must take place during reasonable hours. Exceptions provide for emergencies like a flood or law enforcement requests.
A tenant refusing to grant access to the property can become grounds for eviction.
4. Documenting the Findings
Once landlords enter Miami properties as part of a lease enforcement inspection, they need to document their findings. Take photographs and video to document your visit.
Do not take images of the tenant's personal belongings if it is not part of a violation. Never record minors.
5. Working with the Tenant
Eviction doesn't need to be the only solution for real estate investors. Sometimes the best option is to work with tenants as part of the lease enforcement. Include penalties and fines in the lease agreement.
Show your findings from the inspection and apply the proper remedies.
Set the Standard with Your Miami Property
The Miami real estate market will continue to grow and become an elite area for investing. Don't allow bad tenants to ruin your reputation among real estate investors.
Take lease enforcement seriously. Consider hiring a property management firm that can work directly with tenants.
We'd love to learn more about your Miami property. Home River Group has extensive experience in tenant screening and selection. Connect with us today to get more information about our services.
