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10 Essential Lease Terms for Your Rental Agreement
Fundamentally, a lease agreement is a legal contract that ensures access to a rental property in exchange for payment. The things the tenant can and cannot do with that property, the terms of payment, and the responsibilities of each party are all defined in the lease...
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Requiring a Lease Guarantor: A Strategy for Safer Renting
Total insurance premiums in 2017 reached nearly $1.2 trillion dollars. Suffice it to say, Americans like to reduce risk when it comes to their financial investments. Homes, cars, and even lives can be insured. But as a landlord, other than your lease and an effective...
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Altering a Lease Mid-Term
A lease is a contractual agreement that dictates a landlord-tenant relationship for a future period, typically twelve months. But the circumstances around that agreement are not static. It is common for both landlords and tenants to request changes to a lease...
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Online Leasing: 5 Common Myths & Misconceptions
Accessing, signing and storing documents of all kinds online is commonplace in today’s increasingly digital world. Nevertheless, many landlords are reluctant to make the switch from traditional pen and paper to digital. Of course, it’s important to be cautious about...
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Month-to-Month Leases: A Landlord’s Guide
(Note: The terms “fixed” and “annual” leases are used interchangeably. Both refer to traditional 12-month, fixed leases in the context of this article.)Twelve-month, fixed-term leases have long been the standard structure for residential rentals, but they aren’t the...
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What are Individual and Joint Leases?
Primarily, two methods of structuring a lease for multiple tenants are available: you can sign each tenant individually (or “by-the-bedroom”), or you can sign the tenants jointly. Individual leases provide flexibility during the leasing process while joint leases...
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Online Leases: How Do They Work?
Online leases are a valuable tool for improving your property management. Among other great benefits, they can reduce your units’ turnover time while simultaneously adding convenience for your tenants. If you’re unsure about the legality or difficulty of leasing...
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Understanding the Importance of a Lease Addendum
Murphy’s Law has several subtle variations, but the general message is as follows: if something can go wrong, it will. Many landlords can vouch for this with their rental properties. The truth is that the longer you manage properties, the more problems you are likely...
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Tenant Screening: Everything You Need to Know
Finding the right tenants and avoiding the bad ones is critical for any landlord that wants to maintain their sanity while growing their rental business. Online tenant screening is therefore an indispensable tool. Just think about it, almost every nightmare rental...
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Using Social Media When Screening Tenants
Can I Use Social Media to Screen my Tenants? It’s no secret people love social media. Posting, retweeting, and keeping up with friends and celebrities has become a part of the daily routine for many. In fact, 7 out of every 10 Americans use social media to connect...
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