What makes a state landlord-friendly?
States that are considered landlord-friendly are those states that have laws, rules, and regulations that can be more favorable for the landlord’s business.
For rental housing, state landlord-tenant laws regulate or restrict certain policies and practices in property management operations. As examples, a landlord-friendly state may have no limit on security deposits, allow a longer period for the accounting and return of security deposits, have no limitation on late rent fees, do not require a statutory grace period for rents, allow a shorter time frame for notices to cure a default or quit, allow unconditional quit notices for material lease default or repeated lease defaults, and have a faster legal process for eviction lawsuits.
A landlord should also pay attention to local government ordinances and regulations. There are cities that are landlord-friendly and cities that provide greater tenant protections. More cities have passed or have pending landlord-tenant rules and regulations on many issues that impact current policies for rental qualifications, tenant screenings, deposit requirements, and eviction actions.