As a landlord, you may have a wide variety of stressful matters to deal with. However, dealing with a difficult tenant can be particularly problematic. At Bradford Miller Law, our Chicago law firm is very familiar with the different types of problems that can arise with regard to eviction. Moreover, we know that there are many reasons why evicting a tenant becomes necessary.
When a landlord in Chicago is deliberating factors that he or she may want to include in the lease, subletting the home is a consideration that should make the list. Curbed points out that this could be a good way to keep from penalizing a good tenant who falls on hard times. It could also forestall any need for the landlords to have to go on the search for a new tenant or subtenant on their own if the current occupant is able to find someone suitable. However, there is always the risk that the subtenant may not be nearly as satisfactory, and this could cause any number of issues.
Becoming a landlord in Chicago can provide you with a steady income, but there are many considerations before you take the first step. One of the biggest may be the factors involved in buying the real estate. At Bradford Miller Law, P.C., we have helped many investors who wish to own rental properties purchase multifamily homes.
Before you buy a home in Chicago, your lender will want you to have the building inspected. While this may seem straightforward, not all inspectors are the same, and the differences go deeper than price.
Tenants in low-income housing should expect their landlord to maintain the building and prevent any threats to their life or property. The City of Chicago’s Department of Buildings should be enforcing the rules and regulations of the Chicago Building Code to make sure the property owner fulfills these responsibilities.