Updated over 2 years ago on . Most recent reply
MTR leases vs LTR lease
Hello! I’m new to the MTR game. I’ve been doing LTRs for a few years. Can you provide me with some guidance on lease agreements for MTRs. For example, I lease a property on furnished finder for 3 months. Is the lease different from an unfurnished LTR? What should I keep in mind? Are there boiler plate MTR leases. Thank you.
Most Popular Reply
IMO, you could use the same lease but revise the verbiage as it relates to furnishings and/or anything that is different from a LTR. I use the lease on Avail. It is completely customizable. And honestly, it is an ever changing document (at least for me) as you learn as you go. I currently have my first MTR guest (6 months) and have a list of changes that I will implement with my next lease. Just make it work for you and your rental. Good luck!