But, what happens
when they break the rules on the lease and how does it impact your insurance?
It is a situation
no landlord wants to deal with, but it is something many do face.
If a tenant
breaches their tenancy agreement, responding in a quick and appropriate manner
can save you time, stress, and even money.
But first, what
exactly is a breach?… A breach is when a tenant disobeys the rules set
out in the lease.
This could include
damaging the property, being a nuisance to neighbours, or a common breach is
rent default.
When a tenant falls
behind in rental payments, it is important landlords and property managers act
quickly.
While
there were moratoriums in place (due to COVID-19) to prevent tenants from being
evicted, things are now back to normal in most states, and all routine processes
to evict a tenant should be followed.
TIP: A quick response to breaches can have a big impact on your
landlord insurance.
We know it can be
complicated and confusing, so we have answered common questions about how to
respond to a breach when your tenant fails to pay rent on time in the following blogs
Jason Gwerder
Friday, 21 May 2021