Rental properties can be a great source of stress for landlords and tenants alike. The following steps may help landlords during the initial phases of the tenant relationship.

1. Execute a comprehensive lease agreement. A well drafted lease will clearly outline the expectations and duties of the parties during the tenancy, while providing structure, stability and a termination date.
2. Ensure compliance with security deposit laws. These strict laws apply to most types of landlords. Generally speaking, your security deposit cannot exceed one month’s rent. It is advisable to issue a signed receipt indicating the amount and the institution where it will be held. Use your lease agreement to outline how the deposit will be applied and advise that the tenant must provide written notification of any conditions in need of repair in the first five days.
3. Comply with lead paint disclosures. If your rental property was built before 1978, federal law requires you to provide prospective tenants with certain disclosures. See the Environmental Protection Agency website for more information.
4. Comply with agent designation requirements. If you own certain types of property, you must file a contact form with the town clerk of the municipality where the property is located within 30 days of your purchase of the property. See RSA 540:1-b.
5. Screen prospective tenants. Selecting qualified tenants is one of the best ways to avoid issues down the road. You may screen tenants by checking credit history and criminal records, references from previous landlords, smoking habits, etc. Of course, be sure to comply with anti-discrimination laws.

Landlords must comply with many laws and regulations. To avoid confusion and potential litigation regarding these issues, speak with an experienced landlord/tenant law attorney early and often. Attorneys Allison Ambrose and Shawna Bentley are here to help.