Are you
a new real estate investor working with residents? Or are you a considering
investing in rental properties? Then you
should be very familiar with the laws that govern to your particular state.
These laws apply when you own a property and rent it. Oklahoma Investors can view these laws at: http://www.ok.gov/OREC/documents/Landlord%20and%20Tenant%20Act%20Update.pdf
The guidelines and laws
have been compiled and published for members of the general public and
licensees for informational purposes only. It is intended as a general guide
and is not for the purpose of answering specific legal questions. Enforcement
of these laws are a matter for a court of proper jurisdiction and legal
proceedings must be filed in the county that your rental property is located.
This publication is very
useful and has been approved and issued by the Oklahoma Real Estate Commission.
You will easily find laws for just about any rental issue you may have.
Did you know that if any
person(s) living in the home, (ie, family, friend or renter) that If the person residing in the home, abandons, surrenders
possession of, or is evicted from the rental property and leaves goods,
furnishings, fixtures, or any other personal property of an any value on the
premises of the of property, the property owner may take possession of the
personal property and give notice to the resident, demanding that the personal
property be removed within the dates set out in the notice but not less than
fifteen (15) days after delivery or certified mailing of notice, and that if
the personal property is not removed within the time specified in the notice,
the landlord may sell the personal property at a public sale, and apply all
monies to the residents account.
As a current Property
Manager, for a highly successful real estate investor in the Oklahoma City
Metro Area, I highly recommend researching these laws and read this
publication, especially if you are considering investing in rental properties,
or if you, yourself are new to the rental property business. Protect not only your investment, but protect
yourself as well.