Hi, what the rules are in Massachusetts, if I sign lease a month before the move-in date?
For the 1st month check what date should be used, when the lease was signed, or actual move-in date? What about the dates for last month and security deposit?
I would ensure you read up on everything. I receive 1st, and last on signing of the lease. If they are moving in later, the lease is not signed, but rather a deposit to hold. This deposit to hold requires a non refundable deposit be given as a money order and is non refundable. This becomes the security deposit if they move in. The person must then move in within the set amount of days agreed on. If they do not the rental goes back on the market and the non refundable deposit is kept.
Id love to hear from others their thoughts on my process
Thanks @Jason Regan for sharing your experience. I didn't know about the deposit to hold.
It has been a huge help for me. I use the forms in the Managing Rental Properties book from BP. He gives you the downloads for pretty much anything you will need when you buy the book
WHAT YOU CAN'T BE CHARGED
Property owners and their brokers CANNOT charge the following:
- a fee to hold the apartment
- an application fee
- a credit check fee, or
- a finder’s fee for renting their own apartment, unless the property owner is a licensed broker.
Oh that's great to know! I was hoping someone would help me if anything was out of place
Thanks @Linda Roberts