Can I have tenants sign less than a 365 day lease (360 days) to allow 5 days for cleaning and repair maintenance work to be done before the new tenants move in? Am I required to prorate it?
Is there a better way to approach this type of situation?
I think you are making this more complicated than needed. That being said, you can do a lease for as much time as you want. I doubt tenants will want to pay for 5 days in which they aren't living in the property. You would likely end up prorating at which point you haven't created any benefit to you.
Is there a better way of doing this so that we can have the property cleaned and any maintenance done before the new tenants move their furniture in? Just creates a lot more work for the cleaning and maintenance crews.
Currently the lease expires July 31st and the new lease starts August 1st. Doesn't really give much of a window to get the work done so the house is ready for the new tenants.
@Jason Curtis You will want to schedule your leases accordingly. When we receive notice that a tenant is non renewing, we will make the apartment available for at least a week after the move out date. The new tenant will pay a pro rated amount for the amount of days they are occupying the apartment.
Generally when I have someone moving out I offer to refund them up to 7 days of rent if they move out early and leave the apartment in good condition. Many will take me up on it if they can.
Normally, when someone moves out, if they leave early and keep the apartment in good condition, I offer to refund the rent for up to seven days. Many people will accept me if they can.