Rentals are a significant portion of our real estate market today, but the legal challenges associated with property management can be complex. At Hale & Messina, we provide a wide variety of legal services to Property Management companies to keep them in compliance and to protect both landlord and tenant rights. A property management attorney can assist in drafting legal documents, such as leases, property transactions, evictions, deeds, and more. An attorney can also train staff in risk management and legal obligations. What’s more, in most states, if an issue goes to court, the property manager and property owner cannot legally represent themselves or their company. An attorney is required when an issue becomes litigious, but a good one can avoid legal problems before they happen.
Why are the legal requirements of property management so challenging?
Property managers have a host of obligations. They must find, screen, and sometimes evict tenants, as well as handle complaints and emergencies. They must set, collect, and adjust rent. They are responsible for maintenance and repairs. They may also have to manage the budget and pay taxes on the properties and income. Each of these responsibilities is tied to a set of legal requirements and restrictions.