The Anatomy Of A Rental Lease
Being a real estate landlord or professional property manager has it’s challenges. One of which is the leasing of a rental property. In this article, I will highlight the overall process then when it gets to the lease, I will go into some of the key elements you should have in any lease. First is the high level overview View Available Rental Properties –Most renters will want to walk the property before deciding to lease or not. In some cases, someone may not have that option (such as job move). Viewing the property is an important step to make sure that the property will meet their needs and tastes. Online Rental Application –next step is to complete an application. If the landlord is using a property management software, the application can usually be completed online by the applicant. An online application will save the landlord time and make this step a bit easier. Background Screening – Assuming the application is acceptable, the next step should be ru...