Lease Holdover Clauses
Sunday, July 10
Leases commonly provide that if a tenant holds over, the lease will continue on a month to month basis, on the same terms and conditions as the original. Do NOT have such a clause in your lease. It gives all power to the tenant, with no downside. At a minimum, the rent for a holdover tenant shoul...
Landlords' Criminal Background Checks Violate Fair Housing Laws
Friday, May 13
HUD says that most landlords' criminal background checks violate the Fair Housing laws. The Supreme Court probably agrees. You must take this seriously. Read on for details, and guidance on how to tailor your criminal background policies in the future. You can have them, they just have to be care...
Alabama Redemption and Mandatory Arbitration
Wednesday, November 18
After a foreclosure or a tax sale in Alabama, the former owner has redemption rights. After a foreclosure of any type of property, the cost of redemption includes the VALUE of any permanent improvements and/or repairs made by the investor. After a tax sale of a property that contains a residentia...
When is a tenant in rent default?
Saturday, October 03
Your Alabama lease says the rent is due on the 1st. If paid after the 5th, there is a late charge of $50. If paid after the 15th, there is an additional late charge of $25.If the rent is unpaid, when is your tenant in default? In other words, when can you send your Seven Day Notice of Default a...
Alabama Landlord Notice Time Periods
Thursday, October 01
For a free "cheat sheet" of Alabama landlord default notice time periods, plus related issues, click on the link . Scroll to bottom of page, and click on "Article: Landlord Time Limits Cheat Sheet." You will then go through a checkout process, but will not be required to provide any payment infor...
Alabama Tax Sales and Possession Issues
Tuesday, September 22
Free video answers the following questions about Alabama Tax Sale investing: When can I enter on tax sale property?Can I rent it out and keep the rents, even if I don't yet have a tax deed?Can I keep the rents if the owner redeems?If I fix up property and someone redeems, will I be reimbursed for...