The lease provides protection for you, the owner, as well as the tenant. The lease spells out the agreed terms of the tenant’s use of the property, which is extremely important should a dispute arise regarding the tenant and/or landlord’s responsibility. A lease is a win-win situation.
All Inclusive Realty Group recommends a one-year lease on all properties. However, we do provide service which best meets the owner's needs. If an owner would rather secure a 6-month or a month-to month lease, we are more than happy to accommodate this request.
We recommend a one year lease to avoid frequent turnover. Month-to-month leases allow tenants to move at any time (with a 30 day notice). If a renter moves out two months after moving in, the owner will have to turn the unit over again, which can be costly depending on the amount of time and effort it takes to re-rent the unit.
All Inclusive Realty Group generally asks for a security deposit of equal value to the rent on each property. However, deposit amounts are negotiable. Some owners request additional deposit amounts from tenants with lower credit scores or pets. Your property manager will work with you to set the best security deposit criteria for your property.
All Inclusive Realty Group agents contact the tenant 60 days prior to the end of the lease term to request lease renewal. We work diligently to sign lease renewals with current residents. This minimizes turnover which maximizes profitability.