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If you’re creating a lease for new tenants there are several things to be considered but no matter what, make sure the following five are included to prevent future problems.

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photo credit: G & A Sattler

Have you ever considered a lease to purchase agreement. These home purchase deals can sometimes be a great boon to both the seller and the buyer but before you leap its best to know what you’re getting into. Lease options, options to purchase and lease purchase agreements all sound sort of the same but they’re actually three distinct purchase agreements. Each state has its own laws and regulations on these purchases and you should check your state’s particular version as they all vary slightly. (more…)

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Whenever you negotiate a lease for anything, you are engaging in a battle between people who have two opposing desires. Ultimately, you aim to reach a compromise between those desires which satisfies both parties. Of course, you would prefer to get everything that you want from the deal but that’s not what a negotiation is all about. Nevertheless, there are certain things that you can do to weigh the odds more heavily in your favor so that the outcome is closer to your original desires than to those of the person with whom you are negotiating. (more…)

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When negotiating a property lease, the seller typically has the upper hand. This is true for a number of different reasons that hold true despite changes in the market that sometimes favor the buyer. However, only a seller with good negotiating skills is going to be able to make the most of this upper hand in order to come out of the negotiation with a lease agreement that is favorable to the seller. This is particularly true during a buyer’s market but is even true in a seller’s market. The art of negotiation is something that can’t be learned too well or too soon if you’re in the market to be selling anything at all. (more…)

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A lease or rental agreement is something that should never be forgotten or skipped by anyone, whether you’re the landlord or the tenant. Both lease and rental agreements are designed to iron out all the details of the arrangement so problems don’t crop up in the future. If you want to avoid future conflicts, include the following information in your paperwork. (more…)

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So what is the difference between a lease and a rental unit? A lease is typically a long term agreement for a specified period of time. A standard lease is for 12 months. This means that you’re guaranteed rent from your tenant during that time, but the rent will stay at the rate you set and you are also expected to keep that tenant unless they break certain terms of the lease. (more…)

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Evictions are a tricky part of property management. Once you agree to rent to someone and let them move into your property they gain certain rights, which at times, can seem to be more in their favor than the property owner’s. (more…)