When was the last time you updated or reviewed your lease agreement? Hopefully it's been at least in the last few years if not it's time to do that, and I want to share with you our top 5 lease agreement clauses that come into play and are very, very important as we deal with residents. I think you'll find this stuff interesting, so we're going to jump around through five different aspects. The first one I want to talk about is us. What do you do when a tenant doesn't sign a lease renewal? So the lease expires they don't sign a lease renewal but nor do they turn in a notice to vacate now in most states legally what that means is they flip on to a month-to-month term and many of us don't like month-to-month lease terms especially if we're living in a state where the climates a little colder because as we say we don't like people to move when they have turkeys, and we don't like them to move when they have Christmas trees because we can't fill the vacancy, so we want to discourage somebody from going month-to-month and the way we do that is by putting this clause in the initial lease agreement, and it simply says this if we have not received a signed written notice of intent to vacate from you and your lease term has expired you will be on a month-to-month lease term straightforward enough and mostly that's just reiterating what the laws are in most states that's probably how your state works as well. There's a second sentence, and it says this your rent will increase by X percent you put in a big number there X percent per month on a month-to-month lease term see what you're doing is...
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About Arld Mandell Lease Agreement
Arnold Mandell Lease Agreement is a legally binding contract between a landlord named Arnold Mandell and a tenant. This agreement outlines the terms and conditions of renting a property owned by Arnold Mandell, specifying the rights and responsibilities of both parties during the lease duration. In general, anyone seeking to rent a property owned by Arnold Mandell would need his lease agreement. This includes individuals, couples, families or businesses who wish to occupy a residential or commercial space owned by Arnold Mandell. The lease agreement provides protection and clarity for both the landlord and the tenant, ensuring that the property is used in accordance with the agreed terms and that both parties fulfill their obligations. The agreement will typically include details such as the rental amount, lease duration, security deposit requirements, pet policies, maintenance responsibilities, utilities, termination clauses, and any other terms specific to the property. It is essential for prospective tenants to review and understand the terms of the Arnold Mandell Lease Agreement before signing to ensure they are aware of their obligations and rights while renting the property.
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