sell4freedom 0 Report post Posted March 11, 2008 I'm hoping to be doing CA's very shortly and was wondering if anyone here knows of any state laws against having the tenant/buyer be responsible for maintenance and repairs? Specifically for Alabama. Thanks,Patrick Share this post Link to post Share on other sites
MichaelC 160 Report post Posted March 11, 2008 Patrick, ask locally. Try a real estate attorney, or the local REIC. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted March 12, 2008 The landlord/tenant laws in my state require the landlord to be responsible for repairs so the rental property meets health and safety codes. However, it becomes blurred when you are in a L/O and the tenant/buyer agrees to be responsible for all the repairs. I make sure that any property I L/O would meet any health/safety requirements (ie. smoke alarm, obvious plumbing leaks, electrical outlets function) before placing a t/b, especially in a SLO. In one city I market in, the city "politicians" have inspectors come out and take a look at the property. They spend about 60 seconds in the property and then ask for their fee. If you’re not a slum-lord I don't think it's a big issue. In a CA the owner would ultimately be responsible and a SLO the same as there is a $$ limit on any repairs I would need to do. You can 'google' your state specific "landlord-tentant laws" Share this post Link to post Share on other sites
sell4freedom 0 Report post Posted March 12, 2008 Thanks MC and Steve. I need to look further into this. I'm in the process of checking out prepaid legal. Patrick Share this post Link to post Share on other sites
<Steve> 82 Report post Posted March 12, 2008 Also, in the Naked Investor agreements there is a paragraph that states the tenant/buyer has inspected and has agreed the plumbing, electrical, heating & cooling systems are in satisfactory order. Share this post Link to post Share on other sites