Thursday, August 07, 2008

Will Ferrell in THE LANDLORD

The Landlord is a short hilarious video clip (Running Time: 2 minutes 20 seconds ) starring Will Ferrell and Pearl, the daughter of his SNL pal and Adam McKay.

Will Ferrell appears as the tenant from hell who is accosted for his rent by a drunk, angry and crazy bad mouthed landlord – who happens to be 2 years old.

The clip has been viewed millions of times since being originally posted on Funnordie.com. It was the brainchild of Ferrell and his longtime collaborator Adam McKay, director and co-writer of Anchorman: The Legend of Ron Burgundy and Talladega Nights: The Ballad of Ricky Bobby.

It's funny if you either a landlord or tenant.

I guess I should say funny if you're not the landlord, as I am and publisher of RentLaw.com. I should know better and have been tougher with my tenants. I think I could use this kid to collect my rent.

The Landlord HAS to be tough and not nice like me. That's why I have two tenants that owe me over $10k each - about 6 months of rent. Landlords - remember - 90% of the time - tomorrow tomorrow.....

Take a lesson from this video. But be nice.

Send your tenants a letter and contact them when the rent is due.

To reinforce your position, charge late fees as permitted by your state law and begin eviction proceedings if needed - immediately.

See the clip from The Landlord on RentLaw.com.

Be a good landlord and a good tenant.

Wednesday, August 06, 2008

Breaking the Lease Agreement

There are many different reasons why a tenant may have to break a lease.

These include job transfers, change in martial or family status, health issues or they either want to upsize or downsize for one reason or another.

There is NO law that says that the tenant cannot break their lease. HOWEVER, by law and by the lease contact, the tenant may be financially obligated to the landlord for rent and other charges to rerent.


READ YOUR LEASE BEFORE you sign it AND UNDERSTAND what you are signing. BEFORE you decide to move out and break the lease, READ YOUR LEASE and see what you may be responsible for.

TYPICALLY, once you notify the landlord you intend to move before your lease is due to expire, BOTH you and the landlord must make good faith efforts to find a new tenant. This is called mitigating damages (lessen the amount the tenant owes). The landlord must make an honest (good faith) attempt to rerent your unit using such things as a sign on the property, ads in local paper, contacting one or more real estate agents etc.

The Landlord should document everything they do in their attempt to rerent the unit - typically at the RENT THE CURRENT TENANT IS PAYING.

Read the complete article on BREAKING A LEASE on RentLaw.com - The National Landlord Tenant Guide.