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Updated over 10 years ago,

User Stats

89
Posts
39
Votes
Landon Elscott
  • Investor
  • Newton, IA
39
Votes |
89
Posts

How do I havr out of state tenants sign lease?

Landon Elscott
  • Investor
  • Newton, IA
Posted

Despite a previous post in which I was encouraged to avoid renting to an out of state tenant, I have one potential tenant who is seeking a two year lease and works for international contractor that moves him from location to location on basically 2 year periods.

He's already submitted an application, I've verified employment, his income is substantial at $120,000 gross, his record clean, he and GF are in their 50s and my Facebook snooping has shown no issues either. The only issue is that in 2 years, his company may or may not relocate him to fill a need elsewhere in the country.

He's wanting to sign a lease so he can keep his hotel stay to a minimum and have a place lined up. I've already disclosed any thing I feel could be construed ad a negative aspect of my property and many pictures and he was pleased with my honesty and thought the property would be good for at least a year or two.

How do I progress? Do I send a blank lease in the mail for him to send back signed? Do I sign it first and then mail it or send it blank.

Do I request fees (security deposit and first months rent) in the mail when he sends the lease back? Or do I send a lease in the mail, get it signed, and then expect fees when they arrive and if fees aren't received on move in date the contract is void?

Or do I request fees in mail, then send the lease for signing...assuming they don't think I'm scamming them.

Thanks guys.

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