Lease Violations

Aside from damaging the property, tenants can cause difficulties by paying late, refusing to pay, or violating the terms of their lease agreement.

As with damage, this may be caused by an accident or one-time oversight, or be part of a pattern of behavior in which people attempt to avoid paying what they owe.

They could bring in a pet after agreeing not to, fail to mow the lawn and perform similar maintenance tasks. Tenant default may be the most serious risk, since it means a drain on the owner’s financial resources to pay the mortgage, property taxes and other expenses.

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