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General Landlording & Rental Properties

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Leigh Mueller
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Long-term leases, good or bad idea?

Leigh Mueller
Posted Feb 7 2020, 13:13

Hi BP family,

I have a group of med students who would like a long-term 4 yr lease. Has anyone had any experience with long-term leases? Are there any specific clauses I should add to my lease? 

When to sign lease? They asked to hold the unit for a month (they meet all minimum qualifying requirements). I am collecting the Deposit to Hold right away, but not sure when to sign lease and collect first month's rent. The Deposit to Hold will transfer to Security Deposit once the lease is signed. 

Thanks,

-L 

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