The property rental industry is a challenging business. There are a wide range of disputes that can arise, ranging from evictions to non-payment of rent. The best way to resolve a dispute is to avoid litigation if possible. Here are a few steps to take if you are involved in a dispute. A key focus should be on good communication and maintaining a positive relationship. In addition, make sure that you keep a written log of your dealings and communications with tenants to serve as a reference if necessary.
The first step in dispute resolution in the rental property industry is to gather documents and record all correspondence between the landlord and the tenant. You should keep a copy of the tenant’s application and any other correspondence. In case there’s a dispute regarding damages or financial losses, you can ask the tenant to pay you the full amount of the security deposit. The next step is to consult a lawyer or seek legal advice. The Find Help section on the RTB website has resources for landlords and tenants.
Once you’ve collected all the information you need, you should sit down with your tenants and discuss the issues at hand. Remember that they are the ones responsible for your property. Having clear, concise communication with them is vital. And if you are unable to resolve a dispute with your tenants, consider seeking professional help. A dispute resolution agency will be able to provide you with the right documentation that will support your position.
After you’ve spoken with your tenants and addressed their concerns, you should consider hiring a landlord and tenant attorney in Chicago to resolve any disputes that may have arisen. It’s always better to resolve a dispute in-house, rather than relying on the courts to decide on the matter. In addition to settling with your tenant, you can also settle the dispute with a third-party. You should also keep a written record of all correspondence and documents pertaining to the issue.
Depending on the nature of the dispute, it is often possible to resolve it on your own. In some cases, a landlord-tenant dispute can be resolved with the help of a third-party mediator. This independent third-party mediator does not have the power to bind either party to a contract; instead, the mediator facilitates the communication between the two parties. Typically, these services are offered at no cost.
When dealing with tenants, mediation is a good choice for landlords who are unable to settle their disputes in-court. Unlike the courts, mediators do not need a judge or an attorney to make their decisions. The mediator’s goal is to find a solution that works for both parties. The cost of this process depends on the nature of the property rental industry. A landlord can hire a mediator to help resolve a tenant’s dispute.