How to Lease Your Residential Property (9 Steps)
Step 1 – Type of Lease Landlords, Owners and Property Managers whom decide to rent out their unit(s) to Tenant(s) in exchange for rent payments need to first decide on the type of lease options they want to offer Tenants. The options include a short-term (seasonal), a long-term, or vacation lease agreement Agreement Types Depending on Lease Duration and Tenant Audience: Long-term lease – Minimum of one-year (12 months) or more. These Tenants typically are young professionals or family units where one needs to stay consistently in one geographic area to be close to a job or school for long periods of time. Short-term lease – Up to one-year (12 months) or for monthly (month-to-month). These Tenants tend to be college kids where they need to rent an apartment living space for 9 months out of the year before going home for summer vacation at parents house. Vacation lease – One-month (30 days) or less. These Tenants range in all different walks of life as one travels throughout their li...