What are the do’s and don’ts when renting out your condo or townhome? As a homeowner, you are still just as responsible for your tenant’s behavior and actions as you would be if you were still within the community association. I am pleased to publish this article that was recently written by a guest contributor, Stacy Karel, from @Properties.
If you own a condo that you want to rent out, as a landlord for your condo you need to:
Here is a sample of additional terms I use or modify with leases I have written for clients:
Bottom line, the better the communication of expectations from Landlord to Tenant up front will result in a better working relationship during tenancy.
Stacy Karel is a real estate broker with @properties in the Bucktown office. You can search the MLS on her website at www.CONDOChicago.com, join her Facebook page at www.Facebook.com/CONDOChicago and if you are curious about the market where you live, you are invited to visit www.AtPropertiesMarketReport.com