Hey everyone, just a few questions I was hoping some veterans could help me out with...
1. When my tenant takes possession of the property, should I have recieved the first months rent cheque and security deposit a week prior to ensure that the cheque is good, or do I ask for the cheques to be certified?
2. Do I have to supply a monthly reciept for rent payments?
3. I understand that a periodic lease can be limiting for me to end should I choose to do so. Is a fixed term lease perhaps more in my favor? And if so, where do I get a fixed term lease agreement, I checked the critical forms section, but found only a periodic lease (month to month).
Thanks in advance - this is one powerful tool!!
1. When my tenant takes possession of the property, should I have recieved the first months rent cheque and security deposit a week prior to ensure that the cheque is good, or do I ask for the cheques to be certified?
2. Do I have to supply a monthly reciept for rent payments?
3. I understand that a periodic lease can be limiting for me to end should I choose to do so. Is a fixed term lease perhaps more in my favor? And if so, where do I get a fixed term lease agreement, I checked the critical forms section, but found only a periodic lease (month to month).
Thanks in advance - this is one powerful tool!!