Common Contracts
1 similar Basic Lease Agreement contracts
Basic lease agreement word documentBasic Lease Agreement • June 6th, 2023
This is an important decision, as too high of a rent price can cause the property to remain vacant, whereas too low of a price could result in an overwhelming number of applicants (and lost income on the end of the landlord).As a general rule, the rent price should:Cover all operating expenses (taxes, repairs, utilities, mortgage, etc.);Be in line with the current state of the market (renters or buyers market, for example);Closely resemble what similar rentals are going for in the area, and;Reflect the value of the home or building (typically .8-1.1% of the property value)Step 2 – Advertise + Tour the RentalOnce the property is ready for occupants, the landlord can begin advertising the rental. A few popular and time-tested means of finding tenants are as follows:Free Online Rental MarketplacesThe majority of apartment-seekers head to online marketplaces where they can browse for rentals that meet their requirements. Filters allow them to search based on rent price, square feet, baths,
