prospective rental tenants?

Question

prospective rental tenants girl friend boyfriend couple wants my friend to hold a rental unit for them until next month because they have to give there now landlord 30 days notice what is the holding fee for this should she do it she is new at this she wants them on a 6 month basis is there contracts for this she wants to dot all her i's and cross all her t's she will only except 1 cat as a policy please if anyone has any info for a new beginner greatly appreciated, also do you charge for rental application what percentage should she charge for holding the house

Answer 1

Just collect a deposit from them and hold it to their move in date, unless you think you can get a tenant in there any quicker.

Answer 2

An application fee is usually charged to offset the costs of doing a background check, not as a matter of course.

If the application is accepted the first month's rent is discounted the cost of the fee.

My suggestion is to never hold a place. Tenants talk among their friends and the landlord gets a reputation that they can be rolled.

If you decide to hold it, charge them one month's non-refundable rent. Require them to have a deposit and rent to take possession of the property, and do not give them a key till they have done so.

You can get simple rental contracts at office supply stores, or you can use one I have drawn up for 3rd parties.
http://www.carrollsweb.com/radar/better/publicrentalagreement.pdf

This can be used as either a month-to-month or a lease.

Final suggestion, NO PETS, unless they swim or fly or are outside and charge for it. I charge a $25 per pet deposit and $25 per pet per month fee. This keeps down menageries. I also tell them if the pet is ever found inside the house, THEY (meaning the tenants) won't be inside.

I have had just too much trouble with pets. No matter how well they are supposed to have been taken care of, they P all over the place and ruin the carpets. Cats are the worst.

Good Luck

Answer 3

I am in the rental business myself, although I am in a small town. I would request the rental for the deposit to hold the unit, which would not be refundable. You can draw up a simple contract on your computer and get the prospective renters to sign and get notorised(?). If you would like to email me, I can send you the contracts I have and you could revise them if your freind feels the need. Mine have worked great for me. I put an ad in the local paper and have each pros. renter fill out the application (no fees) I check all of the references and then I choose the person who I feel will best pay and who plans on staying the longest. I have been in this business for 8 years and only had 3 stiff me really good. I always have people in the area call me and ask me if I have anything available.

the forms I have are a leagal rental agreement, a rental application, and a rules and regulations agreement. I am in tenn. but the ones I have could be used anywhere Im sure.
pabbi9903@yahoo

Answer 4

Go to office max. They have leases.
Have them sign a 6 month lease.
There is a spot in the lease where she can list her stipulations, e.g. one cat, no tampering with smoke detectors, etc.

She should get the first months [their 'holding'] rent plus security deposit. She is a business lady now. Business is Business.

Point is....why should she 'hold' an apartment for free???
She's a landlady. You want it? You pay for it??

what if they change their mind cuz old landlord won't break the lease? then they won't have the money?? or can't move.

Have them give the 30 day notice and give her a copy so she knows the ball is rolling.

Trust me....friends, family....will take advantage of friends and family. And strangers are even worse.

Tell her to remember....this is 'business'.
Get the money!!!

Answer 5

yes you can contract just about anything, and i would personally except nothing less than one months rent for holding the apt. lets call it good faith money and this could also be held for part of a security deposit.. oh and anything that is signed should be signed in front of a notary also i would charge 10% for application fee and follow up on their references.. ex: if rent is 500.00 per month charge them $50.00 for the application fee. or you could do 20% and do a background search on any potential renters.

Answer 6

the only age restrict which you would be able to place on potential tenants is the Age of Majority, 18 in maximum jurisdictions. you are able to't discriminate based upon age, gender, race, creed, nationwide beginning place, marital status, kin status, incapacity, and in some states, sexual orientation. the two maximum mandatory factors are credit-worthiness and apartment historic past. Neither of those is an absolute assure that rents would be paid on time or the premises isn't trashed yet those are the two maximum mandatory predictors.