Your search results

Forum

Avisos
Vaciar todo
Rent Payments
Respuestas
Temas

Increase rent to tenants

Why do you not increase the rent for the current tenants? Every renewal period we do an exhaustive analysis of rental prices around the area. If there is an increase in these prices we compare the increment in rent to the monthly rental divided by 12 months (real estate commission divided by 12) and try to make a fair judgement between increasing the rental; hence losing the tenant and spending time looking for another qualified tenant paying real estate commission or simply renewing the tenant at the same price or with a very reasonable increase that would save the lost time, payment of real estate commission and move-out repairs.

0
0

Increase rent to tenants

Why do you not increase the rent for the current tenants? Every renewal period we do an exhaustive analysis of rental prices around the area. If there is an increase in these prices we compare the increment in rent to the monthly rental divided by 12 months (real estate commission divided by 12) and try to make a fair judgement between increasing the rental; hence losing the tenant and spending time looking for another qualified tenant paying real estate commission or simply renewing the tenant at the same price or with a very reasonable increase that would save the lost time, payment of real estate commission and move-out repairs.

0
0

Rent Payment Grace Period

Days of grace period for rent payment Even though the rent is due at the date described in the lease contract, most landlords or property management companies allow a grace period for the payment of the rent. This time varies from landlord to landlord and from property management company to another, but most of the time this could be between 3 to 5 days after the rent is due.Neither the landlord nor the property management company are obligated to grant a grace period unless it is clearly specified in the lease contract.Some tenants wait until the last minute to pay for their rent and sometimes they do it on the last day of the grace period or on a later day. Most of these tenants, presume than the due date for the rent is the end of the grace period. However, this is a wrong assumption since the grace period is a courtesy time given to the tenants in case the rent does not reach the landlord or property management company on the due date specified in the contract.

0
0

Rent Payments

No se han encontrado temas aquí

Compartir:

Compare Listings