Sentences with phrase «landlord hands over the keys»
There is always some kind of risk when a landlord hands over the keys to a rental unit without conducting a tenant background check.
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To compound this problem, mall owners are now starting to mail in the keys to financially troubled malls: More mall landlords are choosing to walk away from struggling properties, leaving creditors in the lurch and posing a threat to the values of nearby real estate... [as] some of the largest U.S. landlords are calculating it is more advantageous to hand over ownership to lenders than to attempt to restructure debts on properties with darkening outlooks (LINK).
«But this is essentially what landlords do when they hand over the keys to their rental suite without doing background checks.»
Many landlords will not hand over the keys to their new tenant until proof of rental insurance can be provided.