THE COST OF AN EVICTION RANGES FROM $3,500 TO $10,000.
AVERAGE EVICTION COSTS
Locksmith $150 Legal fees $500
Lost rent (3 months) $4500
Court costs $50
Debt collection success rate* 17%
Property turnover costs $1750
* If you purchased LeaseGuarantee protection when the lease was signed, you will collect the amount of your judgment up to the amount of the contract. More on this later.
Keep in mind that you are not only out the back rent owed to you. The tenant will continue to avoid paying once you begin the eviction process, which can take months to complete. They may even retaliate by damaging the property.
Other fees include processing paperwork, bank fees, and tenant screenings. For landlords that employ property management companies, this also includes the property management fee.
WHEN CAN YOU EVICT?
Most states are extremely strict when it comes to the laws of eviction, so it is particularly important that you work with a legal expert in the field. It should be noted if the tenant wins in court,
they can continue staying at the property and depending on how your attorney’s fees clause is written in your lease, you may be liable for their court filing and attorney fees too.
5 Common Reasons to Pursue Eviction:
WHAT IS JUST CAUSE? In some cities and states, you cannot terminate a lease, even if it has expired, unless you have “Just Cause”. Just Cause eviction ordinances are a form of tenant protection designed to prevent arbitrary, retaliatory, or discriminatory evictions by establishing that landlords can only evict renters for specific reasons. For example, California’s Tenant Protection Act and New Jersey’s Anti-Eviction Act limit when landlords can terminate a lease, with only a few exemptions. In New York City, the Just Cause eviction requirements only apply to rent-controlled units, but proposed legislation may change that soon. Portland, Oregon, requires landlords to pay renters’ moving costs if they are evicted without cause or are forced to move because of a rent increase of 10 percent or more. And there are more cities and states that may pass Just Cause ordinances in the future.
Persistent non-payment of rent
Violations of the terms of the lease
Damages to the property and its contents by the tenant
Illegal drug activity
Ignoring requests to vacate the property
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