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Updated over 3 years ago on . Most recent reply

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14
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5
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Marsha Burks
  • Real Estate Investor
  • Streamwood, IL
5
Votes |
14
Posts

Providing prospective tenant copy of lease before they apply

Marsha Burks
  • Real Estate Investor
  • Streamwood, IL
Posted

Do any of you provide prospective tenants a copy of the lease BEFORE they apply ? 

I've had a prospective tenant apply, approved, supply the deposit, received the lease to review and then encountered a lease term they could not meet. (ie. Plans to start a home business to repair cars in the garage) .... TIME WASTED.

If they had a copy of the lease before applying we would have avoided wasting both of our times.  

Any issue providing a copy of the lease in advance ? 

Most Popular Reply

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974
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637
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
637
Votes |
974
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
Replied

@Marsha Burks

That’s frustrating on getting that far down the path with a prospective tenant. I don’t see any issue providing copies of the lease ahead of schedule. Just make sure it isn’t signed and that the tenants are aware that you are not offering them the tenancy and it is solely for their review. Putting a water stamp on it saying void or something may be a good security measure, too.

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