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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 a landlord is operating your rental property at a loss. In other words, money is going out and none is coming in without any rent being paid. Admittedly, though, there are many reasons that can compel a renter to break their lease agreement early. Your tenant could b…

When renting out your North Dakota home, it’s vital to know and follow the Fair Housing Act. More often than not, a violation of the law is entirely accidental, and this can cause legal issues for landlords due to discimination. TruHome Property Solutions has outlined the basics of North Dakota’s fair housing laws so you can rest easy! Why Do We Have the Fair Housing Act? Enacted in 1968, the Fair Housing Act prohibited discrimination on the basis of race, color, religion, and national origin. Sex was added as a protected characteristic 6 year…

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…

Squatter’s rights are a form of Adverse Possession. If a squatter occupies your North Dakota home for a certain period of time and meets other requirements, they may be able to own your property adversely. Familiarizing yourself with squatters’ rights in North Dakota is, therefore, crucial. That’s because you’ll know exactly what to do should you find yourself in this situation. Who Does North Dakota Consider to Be a Squatter? A squatter is someone who lives in an unoccupied property without the knowledge of the property owner. Typically, the…

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…