LEASES & LANDLORD TENANT ACT

Lease agreements written by Realtors in Florida must be approved by Florida Association of Realtors (FAR).

These are fill in the blank, with Florida BAR approved language and may not exceed one year (they really don’t trust us)

Lease agreements may also include addendums required by law; Lead base paint disclosure is one example.

In a lease, pay special attention to these sections:

• Length of lease period
• Total amount of value of lease
• Security deposit (How will it be held)
• Who's responsible for general maintenance (i.e. lawn, pool if applicable)
• Who is responsible for minor maintenance and to what financial limit?

Also, Know your rights as to foreclosed properties and hold over leases; they cannot toss you out if you have a Lease that is current (beware of Lessor’s who do not want to enter into a yearly lease)!

Which brings me to “The Landlord Tenant Act” of Florida.

The Landlord/Tenant Act governs all leases written in the State of Florida. This law was enacted to protect all parties involved in the leasing of residential properties.

The Landlord/Tenant Act deals with many issues, but the most common read section refers to security deposits. How they are held by the landlord and in what type of account.

In some cases tenant is entitled to 75% of the interest earned on deposit.

Other topics covered are:
When must the landlord return deposits to tenant?
How are claims against deposits done?

By accessing the link below you can review any of these important questions and find reference to other matters involving lease agreements in our state.
Landlord/Tenant Act

Lease agreements are legally binding. If not fully understood, seek the advice of an attorney prior to signing.

If you have any questions drop me a note at javiergonzalezpa@bellsouth.net or give me a call at 305.582.5085