An Overview of Missouri Security Deposit Law

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Conflicts between tenants and landlords regarding security deposits are fairly common. These conflicts can be evaded if each party understands the basics of the Missouri Security Deposit law.

The Missouri Security Deposit Laws are contained under the statewide Missouri landlord-tenant laws. The laws allow landlords to collect security deposits from their tenants.

By collecting security deposits, landlords are able to cushion themselves against financial ruin. For example, in the event that the tenant is unable to pay rent or in the event they cause excessive property damage. Read more »

Guide on Breaking a Lease in Missouri

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Many tenants who sign a lease intend to stay for the entire period. However, sometimes things don’t always go as planned. You may need to move to get closer to your new job. You may also opt to move in with your girlfriend or boyfriend. And, if you are a student at Missouri State, you may only want to rent when school is in session.

Leases are legally binding contracts. So whichever your reason, you can’t simply walk away from one and break its terms without incurring penalties.

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Tips When Buying Investment Property in Kansas City

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For many, buying property continues to be one of the best investment strategies. An investment property helps in wealth creation and financial security among other things. However, there is a common misconception that investing in property always produces positive returns.

Although true in many cases, property investing isn’t where you should expect “get-rich-quick” results. Your success will largely depend on how effectively you manage your investment.

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Overview of Landlord-Tenant Laws in Missouri

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Disputes between landlords and tenants are common. These disputes can be avoided if each party understands the basics of the Missouri rental laws. Luckily for landlords and tenants in Missouri, these laws are relatively straightforward.

Our team at Young Management Corporation has provided an overview of the landlord-tenant laws in the state of Missouri to help you out.

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Guide to the Eviction Process in Missouri

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Chapter 535 of the Missouri Revised Statutes lays the foundation of the eviction laws in Missouri. As a Missouri landlord, it’s important you understand these laws before beginning a tenant eviction. Otherwise, the eviction may fail.

There are a number of reasons for when a landlord may evict a tenant:

  • Nonpayment of rent
  • Assault of another tenant or the landlord
  • Illegal drug-related activity on the property
  • Illegal gambling on the premises
  • Violation of a lease provision
  • Damage to the rental property
  • Holdover after the expiration of a lease

 

To evict a tenant for any of these lease violations, you must have a court order. This means you can’t just simply kick the tenant out by yourself. Self-eviction is illegal in Missouri.

Self-eviction includes such acts as threatening the tenant with violence, removing the tenant’s personal belongings, padlocking the doors or changing the locks, turning off utilities or any other action designed to force the tenant to vacate the premises.

If you are a Missouri landlord, here’s a guide to the proper tenant eviction process.

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