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Before Meeting to Sign the Lease.

by Don Conrad

Here are a few tips to keep in mind when you set up your appointment to sign the lease. You will want to address these issues before you head to the rental.

  • It might be wise to go over your rules and regulations, over the phone, with the new tenants before you set up the lease signing appointment. This way you don’t meet them and find out the new tenant can’t or won’t live by your rules. (you can get a free copy of my rules and regulations off my forms page at http://www.findthatqualitytenant.com)

  • Be sure to take steps to Reduce Property Condition Disputes such as taking 'before' pictures of your rental. If there is a problem down the road when your new tenants move out of your rental, you'll be glad you did.

  • Try to pick a convenient time so all parties signing the lease can be present for the paperwork and transferring of keys. You don’t want to do this step more than once.

  • Allow enough time to do all needed items thoroughly. One to one and a half hours should be sufficient.

  • Have the tenants bring any information or proof of items you may not have verified yet. This can include meeting all family pets.

  • If you request that utilities are transferred to the tenants’ name before lease signing (a good idea), let them know at this time and give out the utilities phone numbers if you have them.

  • Before you meet, explain to the tenants how you wish to collect your beginning rent, security deposit, and other monies. Let them know if you want cash, check, or cashier’s check . Be prepared to give a receipt for any cash collected.

  • I suggest keeping a file in your briefcase labeled “lease signing” or something to that effect. Inside of it, keep copies of the forms you’ll need when you review and sign all the paperwork. courtesy of www.findthatqualitytenant.com

Read more landlording and real estate investment articles ______________

If you would like further infomation on this topic, please purchase my book"How to Find That Quality Tenant". Ask your local bookstore or see my website at:www.findthatqualitytenant.com

I am not a lawyer, therefore, if you have any legal concerns with anything in this article, please contact the appropriate legal counsel.

The above article may be reproduced without my permission under the following conditions: author name, website, and contact information must accompany article and be prominently displayed, and the article must be reproduced in it's entirety.

Thank You. Don Conrad

Copyright 2006 Blue Collar Publishers
www.findthatqualitytenant.com
e-mail: donconrad@findthatqualitytenant.com
phone: 1-888-452-0765

Tip of the Month
August 2008

Discrimination is a serious issue. As you are looking for quality tenants, it is important to keep away from issues protected by the Fair Housing Laws. Under the Fair Housing Act it is illegal to refuse to rent to someone based on their race, color, creed, national origin, religion, sex, family status, or disabilities. Absolutely stay away from these issues when searching for tenants. I can tell you for a fact, none of these issues are determining factors on your tenant being a "good tenant" or a "bad tenant".

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