Tenant wants 3 year lease for SFH
I am looking for some advice from the experienced landlords out there. I am in process of filling my new SFH and have a tenant that is interested in a 3-year lease or longer. I have yet to do the full background checks on criminal/eviction/credit but proposed tenant seems confident that there are no issues.
Other than a cap to my ability to raise rents during the lease-term, are there any downsides that I am not considering? Showing the property tonight so would really like to get your feedback and advice asap. Thanks!