North Dakota Security Deposit Laws

North Dakota Security Deposit Laws

The security deposit is one of the most vital parts of a rental unit experience. As a North Dakota landlord, it’s your responsibility to know how to handle the security deposit. For example, a landlord must know what amount to charge, how to store the security deposit and when to return it. After all, ignorance of the law is never a legal defense. You cannot claim you didn't know the elements of security deposit law or landlord-tenant law in general. The security deposit law is contained in the statewide landlord-tenant law. It’s vital to foll…

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A Guide to the Eviction Process in Grand Forks North Dakota

A Guide to the Eviction Process in Grand Forks North Dakota

It’s no longer a secret that being a landlord can be a lucrative opportunity. Renting to great tenants in North Dakota can ensure a consistent rental income and an overall good landlord experience. That said, as with any other business, it can be challenging as well. The experience can be anything but wonderful when you rent to a difficult tenant. A difficult tenant is high maintenance, causes negligent property damage, pays rent late or sometimes misses it altogether. Evicting such a tenant may be the only solution left on the table. North …

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North Dakota Landlord-Tenant Law

North Dakota Landlord-Tenant Law

North Dakota is home to 765,309 people, with 38% living in rental housing and 62% living in their own homes. This is quite a substantial number of renters. Much like the rest of the country, North Dakota has landlord-tenant laws in place. The landlord-tenant law helps bring order in an otherwise potentially chaotic environment. If you’re a landlord in Grand Forks, here’s a basic overview of the statewide landlord-tenant law you should be knowledgeable about. Required Landlord Disclosures Landlords must make certain disclosures to their tenant…

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Breaking a Lease in Grand Forks North Dakota - Know the Laws

Breaking a Lease in Grand Forks North Dakota - Know the Laws

A lease is a legally binding agreement between a landlord and a tenant. As a landlord, it can be upsetting to learn that your tenant has broken their lease agreement, and understandably so. Vacancies are every North Dakota landlord’s worst nightmare. Basically, a vacancy means you’re operating your rental property at a loss. In other words, money is going out and none is coming in. Admittedly, though, there are many reasons that can compel a tenant to break their lease early. Your tenant could be relocating to move closer to their new place of…

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Top Tips When Buying Investment Property in Grand Forks

Top Tips When Buying Investment Property in Grand Forks

Are you thinking of buying an investment property in Grand Forks, ND? Investing in rental property can pave the way to your financial independence. You earn additional income on the sidelines, giving you plenty of opportunities to build your wealth over time. Grand Forks attracts people for the quality of living it provides. It has an interesting history and promotes a vibrant arts and culture scene. Investors find it affordable to purchase housing in this city and turn them into rentals. The great transportation network, recreational opport…

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