TO BEGIN BOUNCING AT A RECORD RATE
your tenants ever write you a check before they have cleared
funds in the bank? Have you ever “floated” a check? Beginning
October 28, 2004 checks will begin to clear at a rate never
before seen due to new banking regulations and procedures. The
“Check Clearing for the 21st Century Act”, known as
“Check 21”, will allow checks to clear within hours rather than
days of being presented to the bank. “Check 21” is going to
initially result in a massive amount of NSF checks in November
of 2004. Property managers need to notify their tenants
immediately of this banking change to minimize the resulting
for a sample notification to give to your tenants.
OF THE MONTH
“Seven Day Notice of Noncompliance with Opportunity to
Cure” is the second most common notice that a property
manager uses, and unfortunately is often prepared incorrectly or
not given at all. All too often, the property manager writes the
tenant a “letter”, hoping for compliance with the lease terms.
While this may get the desired results, if it fails, the
property manager is faced with a dilemma and a delay, as in most
cases, the law only recognizes “notices”. Knowing when and how
to prepare and serve a “Seven Day Notice with Opportunity to
Cure” is crucial to successful property management.
for more info on the “Seven Day Notice of Non Compliance with
Opportunity to Cure".
using the same tired and outdated forms and notices? Forms and
notices are the tools of your trade. While they may work
sometimes, are they serving all your needs, and will they be
upheld in court? Click below to download over 50 forms, notices
and the 2004 Florida Statutes which contain important changes
that affect how you do business. If you have a great form or
notice that works for you, feel free to email this to us to
download over 50 “Forms and Notices”,
PERILS OF TENANT BANKRUPTCY
seems to be going along fine, and then you receive a notice from
the Bankruptcy Court stating that your tenant has filed a
Chapter 7 Bankruptcy. The rent is now due for this month, and
you have not heard anything from your tenant. Can you serve him
or her a 3-Day Notice? Can you knock on the door? Can the
tenant just sit there forever and not pay? What's next.
For an in depth article on Bankruptcy and the
Cathy Lucrezi joined the firm in January of 2003. Ms. Lucrezi
brings with her over 17 years of legal experience representing
tenants at Florida Rural Legal Services, owning her own law firm
and now representing hundreds of landlords and property
management companies at the Law Offices of Heist, Weisse and
Click here for more info on Cathy Lucrezi.
LEADER OF THE MONTH
this person? Nan Cavarretta has been involved with the
multi-family housing industry for 24 years and is the president
and owner of The Property Management Education Institute, a
company dedicated to training and consulting in the areas of
Fair Housing, Marketing, Management Skills, Leadership,
Motivation, and Leasing. A Fair Housing instructor since 1990,
her course-work has been approved by the U.S. Department of
Email Nan at
INFO@TPMEI.COM to schedule a class for your company or
EDUCATIONAL EVENTS AND TRADE SHOWS
Multi-Family Trade Shows
November 9 - Cape
Coral Association of REALTORS.
3 hour CE
Class “Residential Landlord/Tenant Law.
November 12 -
Key West Association of REALTORS.
3 hour CE Class “Residential Landlord/Tenant Law.
17 - Manatee Association of REALTORS.
3 hour CE Class “Residential Landlord/Tenant Law”.
16 - Space Coast Apartment Association. 3 hour
“Residential Landlord/Tenant Law”.
- Apartment Association of Greater Orlando.
Specialty Seminar “Landlord/Tenant Law For the Maintenance
- Space Coast Apartment Association.
18 - Bay Area Apartment Association
To schedule a
seminar for your association, board or company, please email
with some proposed dates.
for detailed seminar and Trade Show Information.