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How To Get Your Tenants To Move Out During a Fixed Term Lease

How To Get Your Tenants To Move Out During a Fixed Term Lease

It is a great feeling to have your rental property occupied by great tenants, knowing that you are getting a return on your investment and the house is well looked after. That is, until you need them to move out.

There could be any number of reasons that you need to have your property vacant. Perhaps you want to sell the property without tenants because you don’t want to limit your market to just investors. Maybe you unexpectedly have to move back into the property. Whatever the reason, it is your property, and if you want your tenants gone they should leave, right?

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Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

1.  Failing to Ask for a Bond

This is a security deposit held in case your tenant doesn’t meet their obligations under the lease agreement.

2.  Not Having a Lease Agreement

This is a legally enforceable contract that details the length of the lease, rent amount, and the condition the tenant should leave the property as stated in the condition report.Typically if you are managing a rental property on your own, you may only have the option of purchasing a generic lease agreement from your local news agency or online.  The problem with these generic forms is the lack of important information, like state and territory laws particular to your area. We have free state specific templates for you right here.

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6 Ways to Keep Good Tenants

6 Ways to Keep Good Tenants

It is every property owner’s wish to find and keep the best possible tenants for their property. Finding tenants is one thing, making them stay is another. Keeping your tenants for the long haul is just as challenging and important as finding them. Why? Well first of all it costs you about a thousand dollars or more every time your tenants move out because of the advertising costs of finding a new tenant and the loss of rent while the property is vacant. It also spares you the stress involved during vacancy and the tedious process of trying to find suitable tenants.

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