Category Property Management Brevard County

Residential area

residential area

A residential area is a land use in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses.

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Renting

renting

Renting, also known as hiring, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership.

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Property manager

property manager

A property manager or estate manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. The property may be individual title owned or it may be owned under sectional title, share block company owned and may be registered for residential, commercial office and retail or industrial use.

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Maintenance, repair, and operations

Maintenance, repair, and operations

Maintenance, repair, and operations (MRO) or maintenance, repair, and overhaul involves fixing any sort of mechanical, plumbing or electrical device should it become out of order or broken (known as repair, unscheduled or casualty maintenance). It also includes performing routine actions which keep the device in working order or prevent trouble from arising.

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Retirement

retirement

Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours. Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions no longer allow the person to work any more (by illness or accident) or as a result of legislation concerning their position.

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Property

property

Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things.

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Property damage

property damage

Property damage is damage to or the destruction of public or private property, caused either by a person who is not its owner or by natural phenomena. Property damage caused by persons is generally categorized by its cause: neglect (including oversight and human error), and intentional damage. Intentional property damage is often, but not always, malicious.

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Renters’ insurance

renters' insurance

Renters’ insurance, often called tenants’ insurance, is an insurance policy that provides some of the benefits of homeowners’ insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure. It provides liability insurance and the tenant’s personal property is covered against named perils such as fire, theft, and vandalism. It also pays expenses, when the dwelling becomes uninhabitable. The owner of the building is responsible for insuring the dwelling itself but bears no responsibility for the tenant’s belongings.

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What Damages Are Property Owners Responsible For?

What Damages Are Property Owners Responsible ForProperty owner responsibilities include paying for repairs, paying taxes, and maintaining the property to keep it safe and orderly. A property manager can assist with daily tasks and oversee maintenance repairs. As a property owner you will need to carry the property insurance to cover any problems that arise at your property. You should also have an understanding of liability lawsuits risks and what to do when faced with property damages. 

Familiarize Yourself with Landlord Insurance Policies

Landlord insurance, or dwelling insurance, protects your property against accidents, natural disasters, and thefts. There are three levels of protection: basic, broad, and special dwelling insurance. As you consider different companies you will encounter a variety of types of coverages. Not all policies will include all types of coverage, so be careful when deciding which policy to purchase. 

Landlord insurance is important to have because it may cover any damages caused by a tenant. Accidental damage, such as accidental fires, is covered by all three types of insurance. When filing a claim you’ll still have to pay the deductible, but the tenant’s renters insurance may be able to reimburse you. Intentional damage may be covered by dwelling insurance, and this type of damage includes theft, such as stolen light fixtures, or spray painted walls. Basic wear and tear of the property are not covered, but in the event that this occurs you can keep the security deposit as payment for the damage caused.

How to Avoid Negligent Security Lawsuits

Insurance policies are a large part of protecting your property, but premises liability and negligent security should not be taken lightly. In Florida, property owners have the legal obligation to take steps to secure their premises and prevent any harm that may come to residents or tenants. Premises liability involves injuries caused by negligent conditions on the grounds of apartment complexes, office buildings, or shopping centers, to name just a few examples. If a property owner fails to make their property safe for tenants and someone suffers injury or is a victim of theft, it may be grounds for a Negligent Security Lawsuit. 

A Negligent Security Claim relies upon three elements: that the property owner had a legal obligation to provide security measures to their premise, that the injury sustained was due to the owner’s failure to provide the necessary security measures, and that the victim can prove the injury or damaged personal property is a result of the incident. Damage compensations can vary greatly, so make sure you take the necessary precautions to make your property safe, such as adding a gate or security cameras to your apartment complex. You don’t want to be caught in a liability lawsuit. 

All Brevard Property Management strives to ensure property owners are cared for in a timely and professional manner. If you have questions about the damages property owners are responsible for in Florida give us a call. We’re available to answer any questions you have about residential property rentals

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Melbourne, Florida

Melbourne, Florida

Melbourne is a city in Brevard County, Florida, United States. As of the 2010 census, the population was 76,068. The municipal area is the second largest by size and by population in the county. Melbourne is a principal city of the Palm Bay – Melbourne – Titusville, Florida Metropolitan Statistical Area. In 1969 the city was expanded by merging with nearby Eau Gallie.

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