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Updated over 10 years ago on . Most recent reply

User Stats

246
Posts
89
Votes
Siye Baker
  • Investor
  • Tallahassee, FL
89
Votes |
246
Posts

My lease terms...feedback appreciated

Siye Baker
  • Investor
  • Tallahassee, FL
Posted

I am trying to be as careful as I can. The brief points are:

1/1 condo. Nice area only one vacant of ~60 1/1 units

market rent $850-$925

$880 firm

Fees-->Repairs--->Rent

postlets,padlets,CL ad (photos, building, but specific unit#)

screen over phone

arrange a group showing for prospective tenants

smartmove.com ($25 app fee(Cash), $15 per additional adult)

call 2 previous landlords and employers

i must be notified before any service call

no unauthorized work(no work for rent)

clogged plumbing will be tenants' cost

initially month/month least----------> 1st/last/ security

payment by ach or deposit to bank

due 1st, late afterwards

1 day grace

$50 late fee after 2nd business day....$5 each day after

no pets/smoking

monthly inspection

move-in report signed

holding deposit prorated if longer than a week....carried over to deposit if lease signed

rent history(no evictions, foreclosure on case-by-case)

gross income 3x minimum

waterbed----> renter's insurance with me listed for payout

not fish tanks or containers exceeding 5Gal

upon vacating: security deposit will be subject to move-out report and pending utilities

this will be a trial period, after tenant has a good track record with me then I will commit to a 1yr lease with all adults on lease jointly and severally(no more than 2)

Let me know if i have missed anything, and I appreciate all who have taken the time to read this!

Sebastian

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