Condo Lease Agreement and Templates for Property Managers
It’s no secret that many property managers are often daunted when attempting to handle the paperwork and legal issues of putting together and enforcing a condo lease agreement. Property managers have been known to pay from to six to twenty percent or more of their property’s gross rental income to companies that may not manage with care and professionalism.
Property managers may not have to understand rocket science to manage effectively, but there will most likely be a learning curve involved. A condo lease agreement and templates for property managers usually have a certain number of terms and conditions, like the effective starting and ending date that the renter will occupy the condo. The location of condo must also be included. And the monthly rent must be specified along with the date by which it is to be paid each month.
A security deposit must be made to the property manager by a certain length of time before the lease period begins along with a statement declaring that the full amount of the deposit is to be returned at the termination of the lease period if no property damage has occurred. There will also be a clause in a condo lease agreement and templates for property managers that will state the property’s intended use is for residential purposes only. Misuse of the condo by the tenant may be cause for eviction and can serve to terminate the condo lease agreement. The tenant must read, agree read and sign the condo lease agreement. His or her signature implies an understanding of the terms and conditions of the agreement.
It’s as important for renters to understand the contents of a lease as it is for property managers. Property managers should always be notified when a renter intends to move before the lease expires. Good faith efforts must be made by both parties to find a new tenant. The property manager has to make an honest attempt to re-rent the unit.
If you’re looking to rent and manage a property, it’s important to have the correct forms. Why not sign up at Mypropetymanagement.com where a condo lease agreement and templates for property managers are available for free.
Available Condo Lease Agreement and Templates for Property Managers
Whether the need is for landlord/tenant agreements, credit checks, landlord associations, insurance, renting a house or apartment, we carry the needed condo lease agreement and templates for property managers they need to get the job done.