Friday, August 31, 2012

Your Home May Be Your Castle, But Your Rental Unit Is Not via Multi-Housing News Online

When Tenants Reach Beyond the Four Walls they Lease, Landlords Need Full Protection under Insurance Policies

The rental market for residential housing is an unexpected beneficiary of the nationwide mortgage crisis. Demand for rental housing is at a high, with rental units filled with one-time homeowners who recently lost their own houses to foreclosure.

Many of these new renters have long been accustomed to using their living areas as they see fit. As homeowners, they could – if they chose to do so – take advantage of spaces under floorboards, behind drywall or in between ceiling joists. Except for highly unusual situations, their homes were their castles.

Read more...Your Home May Be Your Castle, But Your Rental Unit Is Not | Multi-Housing News Online

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