Leasing:
Collect the money
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Prior to lease signing, tenant should bring the first month's rent and security deposit (a combination of last month's rent, damage deposit and any other monies due). Money received should be in the form of a cashier's check or cash.
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Sign pertinent forms |
- 'Move-In Checklist'
Should be completed prior to signing the lease. Have tenants take checklist around house and make any notations.
- 'Lease Agreement'
See - Signing the lease.
- 'Addendums' and 'Agreements'
Of the fifty- (50) or so forms that can fall under this heading, the most common are the Pet Addendum and a Lead Based Paint Disclosure.
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Signing the Lease
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- Can be done any time prior to the new tenants taking possession of the house.
- Sign anywhere convenient to yourself and your new tenants.
- Everyone over eighteen should sign.
- Have a copy for yourself and each tenant to read.
- Have all signatures and initials placed on one copy.
- Give a signed copy to the tenants.
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Expiration of lease
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Thirty (30) days prior to the end of lease ask your tenant what their plans are. (Either moving or signing a new lease/rental agreement.)
Once the lease has expired, one of three things will happen:
- Tenant is moving out:
Begin marketing the house (should be done prior to tenant moving) and prepare your move-out forms. ('Acknowledgment of Notice of Intent to Vacate' and 'Move-Out Statement')
- Tenant is signing a new lease:
Have your tenant sign the new lease and make them a copy of the signed lease.
- Tenant is going on a month-to-month tenancy:
Have your tenant sign the new rental agreement and make them a copy of the signed agreement, or (if applicable), the current lease will automatically become a month-to-month tenancy once its term has expired.
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