According to Georgia and Federal Law, if you own investment property near Emory University or in Decatur, certain responsibilities fall on your shoulders.
As long as you are not involved in a federal government housing program which have additional requirements, here are some concerns you should consider:
- You are required to inform your Decatur renters of the presence of lead based paint on your property. Lead based paint was banned in 1978 so any newer home is unlikely to contain lead paint.
- Fair Housing laws also require that you avoid discrimination of any kind in leasing your property – – race. color, national origin, religion, sex, familial status or disability.
- You should be aware that Military service personnel are allowed to break their lease if they are deployed.
Many townhome and condo communities in Dekalb County control how many units are allowed to be leased, and in some cases restrict all property owners from leasing their property if it is not owner occupied. Local housing authorities may also have restrictions that could affect your rental property. For example, they could restrict how many unrelated adults may occupy a property, etc.
Local laws require you to maintain your property in so that it is safe and habitable. Keeping yourDecatur property and the grounds in good repair is important to protect your investment. This is what your tenants expect as well.
Screen your prospective tenants carefully by requiring credit, background and criminal checks. Checking references and employment is also critical. Once your tenants have occupied the property, they have the right to use, occupy and enjoy the premises in accordance with the terms of the Lease. Except in case of emergency, this means you can’t just pop by without giving appropriate notice to your tenant.
Check with your local housing office or zoning office if you have specific questions.