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Tuesday, July 20, 2010

Hey, Renters - Check Out the Owner Before You Rent From Them!

In Brevard County Florida there are almost 1,500 rental properties active in the MLS system.   Owners seeking tenants will always check the prospective tenant  (credit history, employment, sexual predator list, etc).

As a renter, before you lease from any private owner, check them out as well.  The real estate agent showing you  the rental properties probably knows less about the owner than they do a seller client.

The stories are plentiful and well documented – owner collects rent, never pays mortgage or association dues, property foreclosed, tenant evicted!

A new law in Florida allows homeowner and condo associations to collect owner dues directly from the tenant.

I am not a lawyer but this does not seem like a bad plan. After all, if more than 15% of the owners are delinquent, buyers may not be able to get mortgages.  Plus, delinquent dues restrict associations from managing the property for the owners advantage. 

As a prospective renter, ask for proof mortgage is current as well as dues.

If the owner wants a responsible tenant, then they should expect the tenant wants a responsible owner!

If you are looking to buy, sell or rent in Brevard County Florida’s central area (Viera, Suntree, Merritt Island, Cocoa Beach, Rockledge), call me directly at 321-693-3850 or drop me an email!

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

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