Blog

The Basics Of MA Rental Conditions

When managing rental real estate or renting an apartment yourself, it is useful to be aware of the typical conditions. As either a landlord or a tenant, you have specific responsibilities. This blog includes the basics of MA rental conditions.

Structures of Tenancy

There are two major structures of tenancy: leases and tenancy at-will. There are pros and cons to each, but the basic difference involves the time frames. Leases specify particular lengths of time whereas tenancy-at-will is more flexible. Prior to offering a particular type of tenancy, property owners typically evaluate the affect of particular dates (i.e. school start and end dates), the cost of finding new tenants, and other scenarios.

Responsibilities of Each Party

Both landlords and tenants hold particular responsibilities. For example, landlords must provide minimal standards of safety and cleanliness (as defined by law). Tenants must submit rentals payments and not damage a property beyond typical wear and tear. Additional conditions may be detailed in the rental terms, however certain providions may either be mandated by law or not allowed. Ultimately, it is important for both parties to understand their rights and to understand all provisions in an agreement prior to acceptance. It is not uncommon for some provisions to be revised to meet the requirements of both parties.

Handling of Deposits

One of the key items in any tenancy agreement pertains to deposits. A security deposit can be required to cover expenses related to damages. Last months rent may also be required in order to stop tenants from using security deposits for the last month or to facilitate proper prior notification for end of tenancy. It is important to issue receipts for all deposits given. MA laws may specify maximum amounts, where deposits are placed (i.e. into an interest bearing escrow account), and time frames for refunding it to tenants.

The Basics Of MA Rental Conditions

The above covers only a few elements of MA rental conditions. It is intended strictly as a basic overview and should not be interpreted as legal advice. Contact a local MA attorney for actual legal advice. Official resources regarding MA rental conditions may also be reviewed on the official state website. You may also subscribe to our website for further information on this and similar topics.

It's only fair to share...Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestEmail this to someone
About Chris Graves

I grew up in Massachusetts, spent the majority of my young adult life in Boston, and own a home in Windham NH. I have owned properties in MA and NH. I specialize in mortgage lending in Massachusetts and New Hampshire and my company does have the ability to lend in other states. I graduated from the University of Massachusetts in Amherst Massachusetts in 2002. I have a Bachelor’s in Science. In addition to managing a team of loan officers my personal loan production is always in the top of the entire of company. I have personally been in the mortgage business for over 13 years. I pride myself with taking my clients from application to close in the smoothest and quickest way possible, while keeping them well informed during the entire process. I originate my own loans from start to finish and work hand in hand with my loan processors & underwriters to make sure I am updated to the minute with all of my files. I stay up to date with lending guidelines and speak with underwriters on a daily basis to ensure I am aware of all of the lending guidelines in place.

Ask Chris A Question..

Please fill out the form below and I will follow-up with you promptly.

* indicates required field