timing of lease agreement and security deposit, once I get a good tenant...

[Russell Jackson]

Hello all. Sorry for the newbie question here… I did some searching but have a specific question.

I'm renting my house as I prepare to move in with my fiancé/soon to be wife in 2 weeks. I found a tenant that I really like, and she has the application in hand which I hope to receive back tomorrow or the next day.

I suspect she will be letting her landlord know in the next 24 to 48 hours that she's moving, and I'm unsure of a move in date, possibly June 1, or mid June, or July 1, is what I am expecting to hear.

So my question is when to execute the Lease agreement, security deposit, and first months rent? I really feel that I have a good tenant and want close the deal in a professional manner.

Thanks in advance. This website has been instrumental in helping me attract the right tenant. just FYI that I'm using a state specific Application and Lease Agreement from US Legal Forms.

Thanks so much for any input!