Our Custom Lease Agreements Protect You, Your Property, and Your Tenants
Once a tenant has been approved and move-in preparations are set to begin, you have to sign a lease agreement with your new resident. It’s important that you’re not using just any lease that you find on the internet.
At RiverTown Realty, we’re using custom-written lease agreements that are consistent across our rental properties and in full compliance with Memphis and Tennessee laws. We’ve had attorneys review our lease agreement to ensure it protects you, your property, and your tenants.
Our lease agreements hold up in court. But, it rarely comes to that – because our leases are so clear and easy to enforce.
Rent Collection
Our rent collection policy is one of the most important parts of the lease agreement. After reviewing your lease, tenants will understand how much rent is due, when it’s due, what the consequences will be for late and missing payments, and how rent should be paid.
Maintenance Procedures
Tenants need to know how to report maintenance. They also need to understand the importance of making repair requests right away, to avoid deferred and unreported maintenance issues. All the steps are in the lease.
Rules and Regulations
Expect the lease agreement to include all the things we want tenants to do and all the things that they are prohibited from doing. This covers pets, guests, parking, smoking, and changes to the property. Tenants will have a clear understanding of our expectations and their own responsibilities. If there are ever any questions, the answers can almost always be found in the lease.
Lease Terms and Renewals
Your lease will reflect the start and end date of the lease. There will be instructions on what happens in order for the lease to renew, including the amount of notice that a tenant must provide before vacating. Move-out instructions can also be found in the lease agreement, including information on what a tenant has to do before having their security deposit refunded.
