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<\/figure>\n\n\n\nCons:<\/h2>\n\n\n\n
A lease will normally include a specific time duration that a tenant will rent out a property. And during this time, all the rules stated in the contract should be followed until such time that the lease will end.<\/p>\n\n\n\n
However, with military personnel, there are instances wherein they will be transferred to another area, sometimes with short notice, leaving you with an unexpected vacancy. There will also be cases where they might be late on rental payments if they are on the field.<\/p>\n\n\n\n
Normally, you can charge a late payment for cases like these. But not for military personnel. They are protected by the SCRA.<\/p>\n\n\n\n The SCRA is a federal law that protects sailors, soldiers, marines, coastguards, and other military personnel from being legally responsible for certain issues. One of which is not being able to finish the term of their lease.<\/p>\n\n\n\n They are also protected that there should be no foreclosures if no court order is issued and they could not be evicted except for when their rent is more than $3991.90 (this is for the year 2020). It may change again next year. In that note, you cannot evict the tenant if your rent is less than the amount stated above and they are on active duty.<\/p>\n\n\n\n This is kind of a disadvantage for landlords since they will be left with a vacancy and there will be no reimbursement for the trouble it caused. You also have to go through the entire process of looking for tenants and getting the property ready.<\/p>\n\n\n\n Although the protection is only beneficial to military families, you still have other good things to take into account. If you do decide to rent out to them, just be prepared for their sudden deployment because that\u2019s how their jobs work.<\/p>\n\n\n\n But, there are exceptions to the SCRA. Here are some:<\/p>\n\n\n\n \u2022 As mentioned, if the rent is more than $3991.90, they will not be protected by the SCRA. Keep in mind that there are also some states that have additional laws other than the SCRA and you should also be aware of that.<\/p>\n\n\n\n When you post a property listing at Padleads<\/a> and have that listing syndicated to other websites, you would expect a handful of applicants and some of them might be military personnel. You might think that renting out to military families can become a potential burden but it is not included as a legal basis for rejecting applicants<\/a>. You should give them a fair chance and the pros of renting out to them could still outweigh the cons. They just might be a good fit for your property.<\/p>\n","protected":false},"excerpt":{"rendered":" People serving the military are the real deal. Their job requires extensive training and facing dangerous situations. Not a lot of people are brave enough…<\/p>\n","protected":false},"author":5,"featured_media":1006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24,22,13,19],"tags":[],"yoast_head":"\n![\"\"](\"https:\/\/www.padleads.com\/blog\/wp-content\/uploads\/2020\/08\/military-655630_1280-1024x682.jpg\")
<\/figure>\n\n\n\nWhat is the SCRA (Servicemembers Civil Relief Act)?<\/h2>\n\n\n\n
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\u2022 If they are military reservists or members of the national guard with drilling status, who are on a part-time basis unless they are called upon to aid in a national emergency. Then, they will be protected by the SCRA.<\/p>\n\n\n\n