Clarity about vacating becomes another of the many things a landlord or property manager must think of when the lease is signed. Explaining expectations about cleaning upon vacating is a must, and they should be clearly stated before move-in or
Should I let an applicant for my vacancy persuade me in using a Holding Agreement?
The Holding Agreement (sometimes called an Agreement to Enter into a Lease) can help you fill your vacancy if you know what you are promising and if the applicant knows what he or she might lose if they do not
Should I ask for the last month’s rent, or ask for a larger security deposit instead?
There are often questions about exactly what the last month’s rent can be used to cover and if an additional amount of money can be required from a tenant when rents are raised. For example, a tenant has been in
What’s best, a year’s lease or a Month-to-Month Rental Agreement?
Month-to-month agreements give you much more flexibility than leases, because you can increase the rent or change other terms with only 20-day’s notice. With a 1-year lease, a landlord cannot change any terms before the lease expires, unless the tenant
What is a Property Condition Report and why is it so important?
A Property Condition Report is a must. If a landlord collects a security deposit, there must also be a Property Condition Report completed. The Property Condition Report, or Inspection Checklist, is vital to your financial security as a landlord. Without
What information will help me determine the rent for my unit?
What information will help me determine the rent for my unit? Ten Ways to Determine Rent for Your Vacancy Rentometer.com. This website is one where you can enter the address of the house, duplex or apartment, even commercial property, and
What else should I know before signing up a tenant to my rental unit?
Before you sign: Be sure you know when the rent is due, if there is a grace period, if there are late fees. Where is the rent paid, to whom, and to what address it can be mailed. Will there
What documents do I need to comply with the Landlord-Tenant Law Act and to protect my landlord rights?
For a legal rental lease-up process, there will be at least five, and in some cases six, documents: The Lease (for a set term of rental) or Rental Agreement (for a month-to-month term). A Walk-Through Checklist or Property Condition Report