College Student Rentals
I recently purchased a duplex for College Student Rental. I am really not sure what to do in terms of lease and security deposit. The students usually arrive in town around the middle to end of August and leave around the middle to end of May. However, I really don't want to lose June, July and August rent every summer. Has anyone ever done a student lease for 11 months? This would give me one month to get the apartment ready for the next students arrival. Also, do you require more than one months rent (security deposit) to cover damages, repair and cleaning?? Can anyone who rents to college kids give me any tips or advice on what has worked for them?