Source: Essential Facts
Real Estate Management-Joseph De Carlo
To increase income and to enhance the value of their property,
all property owners and managers must select tenants who are good
credit risks and who will coexist peacefully with other tenants.
But the selection issues facing each type of rental property are quite
housing opportunities are an important goal of federal, state, and
local governments. Therefore, residential landlords are subject
to a number of laws prohibiting housing discrimination. These
laws hold property owners and managers responsible for conscious or
unconscious discrimination based on race, religion, color, family
status, sex, national origin, or handicap. Anti-discrimination
laws affect all aspects of selection process, from advertising and
marketing to the charging of security deposits. These are risks that
residential owners and managers cannot afford to ignore; therefore,
they must develop policies and procedures to ensure that every
applicant is treated fairly.
property owners and managers are subject to fewer legal requirements,
but their financial risks are more serious than those of residential
landlords. The commercial tenant selection process therefore
focuses on attracting and retaining creditworth and financially stable
tenants, whose businesses are compatible with those of fellow tenants.
united States Civil Rights Act of 1968 and its Amendments Act of 1988
are commonly called the Fair Housing Act. Discrimination is
illegal if it is based on: Race, Color, Religion, Gender, National
Origin, Familial status, Mental or physical handicap.