It is the desire of every rental property owner to maintain low vacancies by finding and keeping good tenants. At the same time, things don’t always work out between you and your client, whether it’s conducting significant repairs or your circumstances have changed. If you find yourself in such a situation, the ideal solution to end a lease is non-renewal. A property management company can help you understand what this process requires and entails so that you can handle it successfully. At 3 Options Realty, we have a dedicated team of experts ready to help you understand the non-renewal process and several vital points to note.
Most people confuse non-renewal and eviction, which are two different processes. Eviction is a legal process where the landlord or a property management company removes a tenant from a rental property. The process usually begins when the tenant violates one or more terms in their lease and usually involves legal filings, court hearings, and a legal order implemented by law enforcement to remove the tenant.
Non-renewal doesn’t imply that you are forcing the tenant out but rather opting not to renew their lease once it comes to an end. This doesn’t mean that the tenant should wait until the tenant’s lease is coming to a lot to ask them to vacate. However, a non-renewal is similar to eviction because it has to adhere to set laws and regulations in your area.
If you are not familiar with the set regulations regarding non-renewal, property management companies have experienced professionals who can help. Different states are governed by their rental and leasing laws, meaning you need to familiarize yourself with the law to ensure a successful non-renewal process.
The non-renewal process usually starts once the tenant has been issued a notice informing them that their lease won’t be renewed. Most states mandate landlords and property management companies to give a notice a few weeks or months before the lease expiration date. If you are planning to issue a tenant with a non-renewal notice, it is advisable to consult a property manager in Smyrna, GA.
Aside from the advance notice on the process, most states require it to be delivered in writing, certified mail, or services that require a signature. Failure to comply with the laws and regulations of your area can result in hefty fines and compromise the entire process. This means that landlords shouldn’t use a non-renewal for situations that call for an eviction, raising the rent, or change in lease terms. The last thing you need would be a costly lawsuit, especially if the non-renewal process violated local law. Such legal issues can be avoided by hiring a property management company to ensure everything is in line with the local statutes.
We recommend communicating with your tenants before and throughout the non-renewal process. Contact 3 Options Realty today for quality property management services at a competitive market price if you need things to be handled with the utmost professionalism.
If you have been rummaging through web results for “property management companies near me,” then you are at the right place. 3 Options Realty’s property managers in Atlanta are experienced and trained to deliver top-tier service. Call 3 Options Realty to speak with a friendly representative today to learn more about our property management & real estate services. We are ready to take your call.
We use professional market research to determine fair-market rent, and we use broad market advertising to reach a large audience. Our agents will also help you prepare your property and skillfully present your property. Prospective tenants will undergo comprehensive interviews and background screening before we negotiate with them the rental agreement using our proprietary, attorney-reviewed forms.