As you can see, the median rent MoM has jumped from $1388 to $1,500 and after a conversation with our leasing team, they have been the busiest they have been in a few weeks, leasing multiple properties with increased rates and in little time on the market for rent.

A master lease is essentially called a Lease Option here in Canada.Yes, schedule B will over-ride anything previously written.

If not, I'm guessing it would be treated as a traditional rental loan, either conventional or DSCR, using market rents rather than the rent in the lease agreement.

Originally posted by @Mike Cumbie:Question 1 is do they have an existing lease?

You aren’t owners with lease options.

Can I, or should I, approve both applications and then see who signs the lease first?

To evict a tenant based on a lease violation such as hoarding would require you to notify them and then give them an opportunity to fix the situation.

To address this, the lease will clearly state that any credit will be returned at the end of the lease term.

You need a local/state specific lease.2.

We signed the lease and the tenant moved in the unit in Nov.