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 agreement after it has been signed. As a landlord, it’s important that you find …

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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 making major changes to your business, particularly those that have legal implications. But, some of …

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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 only option. Month-to-month (M2M) leases are popular with many tenants looking for flexibility and temporary rental …

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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 provide flexibility during the management process. Depending on what you’re trying to accomplish, where you’re renting and …

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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 online, there’s no need to worry. We’ve addressed these common misconceptions (and others!) to assure you …

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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 to encounter. Your lease agreement is your strongest protection against …

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Comparing Commercial Lease Types: Net, Gross, and Percentage Leases

So you’ve decided to take the plunge into commercial real estate. Investing in and managing commercial properties is quite different than the residential market, and many of those differences start with the lease.  New landlords often have limited experience with commercial leases and the differences can understandably seem complex and overwhelming. But, fear not, there’s …

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Putting a Price Tag on Tenant Turnover

In a perfect world, you will find long-term, reliable tenants who pay rent on time, take excellent care of their property and have no intention of moving.  Unfortunately, the world is not perfect. If one of your tenants does decide to move out, understanding exactly where your expenses are coming from will help you better …

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