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Updated almost 5 years ago on . Most recent reply

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Travis Bagley
  • Investor
  • Cincinnati, OH
5
Votes |
17
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Grace Period Before Lease Starts

Travis Bagley
  • Investor
  • Cincinnati, OH
Posted

This seems obvious, but curious how other landlords are handling these situations.

Scenario:

You have a property you put up for rent and start receiving applications. You receive 2 applications. Both tenants are perfectly qualified.

Applicant A applied first but doesn't want to move in/start lease for 5 weeks.

Applicant B applied second but wants to move in/start lease in 3 weeks. 

Do you

1) Give it to B because they can move in sooner?

2) Give it to A because they were first?

3) Give it to A but tell them to bad the least grace period is a max of 30 days?

4) Ask for some kind of non-refundable holding fee for tenant A

Most Popular Reply

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1,388
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Adam Martin
  • Rental Property Investor
1,541
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1,388
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Adam Martin
  • Rental Property Investor
Replied

If they are equally qualified go with b.  I’m in NKY but don’t think cincy has a rule where first person gets it.  I would offer to b and have them put the deposit to hold and first months rent.  If they don’t have it I’d move to a and let them know there were multiple interested parties interested in the first and see if they would go for it.  

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