Owning residential or commercial rental property can be extremely lucrative, and many property owners across Indiana enjoy the benefits of being a landlord. However, landlords also open themselves up to the possibility of potential losses and liability, especially if a tenant violates the lease agreement or other legal disputes arise.
Crell Law provides counsel and representation for Indiana landlords, so please contact us if you would like to discuss your situation or legal concerns.
Forming a limited liability company (LLC) can offer several benefits to landlords in Indiana, including protecting personal assets from potential lawsuits, simplifying tax reporting, and providing greater flexibility in managing rental properties.Â
However, the process of forming an LLC can be complex, and it is important for landlords to work with a qualified attorney to ensure that they meet all legal requirements.
Our firm provides guidance on the steps involved in creating an LLC, which include:
Additionally, we help landlords draft an operating agreement for the LLC, which outlines how the company will be managed and how profits and losses will be distributed among members. An attorney can help landlords create an operating agreement that reflects their unique needs and preferences.
By working with our law firm to form and manage an LLC, landlords in Indiana can enjoy the benefits of increased protection and flexibility in managing their rental properties.Â
Having an airtight and protective lease agreement is critical for landlords, as the terms must be fair and enforceable and provide the landlord with remedies if the tenant breaches the lease. Landlords should always have a skilled attorney draft and review a lease agreement before they begin using it.Â
We ensure that your lease agreement includes key provisions, such as:Â
Working with an attorney experienced in landlord-tenant law can help you ensure that your lease agreements are legally sound and provide adequate protection for your investment and interests.
Under Indiana law, landlords have certain rights when it comes to evicting tenants who are in violation of their lease agreements. However, it is important to ensure that these rights are exercised within the bounds of the law and with consideration for the tenants’ rights.
One way we protect landlord rights in evictions in Indiana is to ensure that the eviction process is conducted in accordance with state laws and regulations. This includes proper notice of the eviction and following proper procedures. We also document any violations of the lease agreement and keep detailed records of any landlord/tenant communications regarding the eviction.
An experienced attorney from Crell Law can help landlords navigate the complex legal requirements associated with business formation, lease agreements, and evictions, as well as represent their interests in court if necessary.
Contact us to learn more about our services today.Â
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Great office. I've used them many times over the years. A will, business dealings, and some family issues. I recommend them.
David Crell is a true professional that takes the time to get to know you and your true needs. I appreciate not only him, but his firm for professional guidance and leadership regarding any type of situation. You will not be disappointed in the outcome you receive with Crell Law , P.C.