General & Announcements

What is considered a Security Deposit?

Posted on March 1st, 2010 by Miranda

Any prepayment of rent (other than the first full month’s rent) is considered part of the security deposit. In addition, any Refundable fees – by definition- are deemed “security deposits”. Nonrefundable fees are not; and they can be assessed in any amount and for any reason but the reason for the fee must be made clear. A nonrefundable fee may not cover anything already covered by a refundable fee. In the state of Michigan, a security deposit is not to exceed 1 1/2 times the monthly rent. EXAMPLE: If the monthly rent is $600 than the maximum the landlord can receive for a security deposit is $900 ($600 x 1.5 = $900).

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Now dealing in Real Estate for SALE too!

Posted on May 23rd, 2009 by admin

Just a quick announcement — we now will be posting real estate for SALE listings as well! Stay tuned

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Posted in College Listings, Commercial Listings, For Buyers, General & Announcements, Lake-front Listings, Office Space Listings, Real Estate Listings, Residential Listings, Vacation Listings | No Comments »

Quotations…

Posted on March 18th, 2009 by Miranda

“Home is a place you grow up wanting to leave, and grow old wanting to get back” – John Ed Pearce

“He is the happiest, be he king or peasant, who finds peace in his home” – Johann Wolfgang von Goethe

“Home is where you can say anything you please, because nobody pays any attention to you anyway.” – Joe Moore

“You think you know someone? You don’t really know them until they’ve rented from you.” – John Nuzzolese

“How much did your last tenant problem cost you?” – John Nuzzolese

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Landlord Resolutions

Posted on January 31st, 2009 by Miranda

Landlord resolutions

I will

Enforce all rent being paid on time and send late notices in a timely manner
Screen tenants thoroughly before accepting them
Do repairs that need to be done and fix things promptly before they become bigger problems
Replace bad tenants with good qualified tenants
Have a lease that is legal in my specific state. (The state of Michigan requires certain content and font in order to be legally binding)
Contact Century21 Action Associates rental department so I can sleep better knowing I’ve got things covered!

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