Property Management and Law Essay Example | Topics and Well Written Essays - 3750 words

Property Management and Law - Essay Example Some types of properties that may need property management are; houses, condos, duplexes, town homes, apartments, shopping centers, malls, offices buildings, airports and public transportation buildings, hospitals and many more. Property management is very similar to the role of management in any business. In this coursework the writer will analyze the complaints and problems presented to the property manager of Megadosh Management by their client. To be able to do so we need to define important terms such as landlord, tenant and rent. The writer also presented the roles and rights of each person involve in the business. Property management agreement depends on the service needed by the client. The payment of their service is also mentioned. Upon understanding the role of property management the writer will now present the responses on the letter sent to the property manager. Discussion of each letter and identifying the problem is needed to Landlord - as defined in www.lectlaw.com, is an owner of real property who leases (rents) that property to a tenant under a lease agreement. He is bound to perform certain duties and is entitled to certain rights. To secure to the tenant the quiet enjoyment of the premises leased; but a tenant for years has no remedy against his landlord, if he be ousted by one who has no title, in that case the law leaves him to his remedy against the wrong doer. But the implied covenant for quiet enjoyment may be qualified and enlarged or narrowed according to the particular agreement of the parties and a general covenant for quiet enjoyment does not extend to wrongful evictions or disturbances by a stranger The landlord is bound by his express covenant to repair the premises, but unless he binds himself by express covenant the tenant cannot compel him to repair. His rights are: (www.lectlaw.com) To receive the rent agreed upon and to enforce all the express covenants into which the tenant may have entered To require the lessee to treat the premises demised in such manner that no injury be done to the inheritance and prevent waste To have the possession of the premises after the expiration of the lease. Tenant - as defined in Thesaurus as the one who pays the rent to use or occupy land, a building, or other property owned by another. In law, the one who holds or possesses lands, tenements, or sometimes personal property by any kind of title. (www.landlordzone.co.uk). Tenant's Legal Right and Obligations Commercial Obligation It is the obligation of the tenant to pay the exact amount for rent. It is the obligation of the tenant to pay the rent on time. Commercial Right It is the right of the tenant to have a comfortable property. Residential Right Know the terms of the tenancy. Know the name and address of the landlord (normally included in the agreement) Accommodation which is in a good tenantable state of repair - free from defects. Reasonably quick and effective repairs if you report defects. Safe accommodation, all electrical, gas and other systems and appliances meeting modern safety standards and are subject to regular