As any experienced landlord can tell you, the secret to avoiding problems surrounding a Utah eviction law is to rent to high quality people in the first place. The following five suggestions can help you select good renters:
-
Require a minimum monthly income.
-
Check current and most recent landlord references.
-
Run credit background checks.
-
Run criminal background checks.
-
Use cosigners when necessary.
Minimum Monthly Income
A good rule of thumb is to require that the renters have a gross income that is three times the amount of the rent. This income can come from one individual, or it can be a combined income between all the renters. However, it is important that all of those who are contributing to the income requirement also sign the lease.
Landlord References
Even though it takes time, it is important to check landlord references. Call the current landlord for a reference, and call the most recent landlord for a reference. The previous landlord’s reference is more important than the current landlord. Because the previous landlord is not currently renting to the applicants, the previous landlord has no vested interest in either keeping or getting rid of the applicants.
Run Credit Background Checks
One of the most important checks to make is that of the credit history of all individuals who will be signing the lease. Those with good credit are more likely to pay their bills and maintain your rental property in good condition than those with bad credit.
Run Criminal Background Checks
A final check, yet a crucial one, is a criminal background check. Generally speaking, if there is a criminal history, you want to be wary of renting to that individual.
Use Cosigners when Necessary
Some properties are harder to rent to good renters than others. Likewise, some economic times are easier than others. If you find it difficult to rent to a qualified renter, don’t just settle for poor renters. Doing so increases the likelihood that you will have to use the services of a Utah eviction law attorney. You can still rent to less-qualified renters if they will provide a cosigner with excellent credit. This type of cosigner will ensure the rents are paid in order to protect his or her own credit.
Leave a Reply
You must be logged in to post a comment.