5 year lease

[Ben Sealey]

I received an inquiry for a 5-year lease on a renovated SFH. They are asking for a reduce price in exchange for a signed 5-year lease. 1400 a month instead of 1500 a month. I assume if I do the due diligence and make sure they have a good rental history, good credit, and clean background, then a 5-year lease is a great option. My concerns are that they might not be a good tenant and I am stuck with them for 5 years. Only real other concern is if they have a dog and what they might do to the property over 5 years.

Should I put anything in the lease that would normally not be in a 1 - 2-year lease?  Year inspections? 

Let me know your thoughts.

Thanks,

Ben

[Matthew Paul]

S they sign a 5 year lease , you reduce the rent , and they move out in 9 months , did a 5 year lease do you any good ?    

Tell them you have a better Idea ,  If they rent the place , pay the rent in full and on time each and every month , do no damage to the house , you wont charge them rent the last 2 months of the 5 year lease .