What does the term lease mean? Is it better to just buy a home?

Leasing is a process where a firm or private investor finds someone else to rent out their property for a certain amount of time. Usually when you find a renter, you have them sign a contract to pay you every month for a year or so to live in your house.

If you already own the home, then this is a great investment and you make money on it every month. But if you do not own the home, then you use the money the renter gives you to pay your mortgage on the house.

A lot of times, the person who charges rent will make it a little bit higher than the payment that they have to make on the mortgage. This way they can pay off the mortgage faster and see that money go into their own bank account rather than paying it straight to the bank.

The landlord can figure out how long they want to make the contract for and how much rent should be. The tenant then signs the contract and is now obligated to pay for it.

The landlord should take their contract into a real estate lawyer to help them write it up so that they do not miss anything. You want to make sure that you include everything that could happen and everything that the tenant will be liable for so that you (as the landlord) will not have to pay for their mistakes.

A lot of landlords like to make up contracts that last for at least a year so that they do not have to worry about finding another renter every month. Plus, if they find somebody that they like and can trust to stay on their property, they want them to stay for a long time.

Finding someone that you can trust to rent from you can be hard and frustrating. Landlords will have several rules that they make up to protect their property the best way they can.

There are a few rules that you should put into place for tenants to commit to follow. Prohibiting any smoking on your premises will keep your house clean and nice for future renters.

If you allow smoking, renters will take advantage of it and will ruin your house. The smell is really hard to get rid of and if there is a lot of smoking, it will start to turn the walls yellow.

Do not allow anyone with pets to rent out your place either. Pets can tear a house apart really fast especially if they are not watch and cared for properly.

Some properties have an outside lawn area or backyard where they could keep their pets but not everyone is really good about picking up after their pets. Your backyard could turn into a dump really fast and the grass could be ruined and hard to fix for future residents.

By eliminating anyone who smokes or owns a pet will narrow your pool of people that could possibly rent from you but you will still be able to find a ton of people who will want to live in your house. Something else Tadacip to remember when drawing up your contract is to write up an application first.

On the application you ask more personal questions about the potential renter’s credit history and if they have a stable job or not. This is important to know because you want to see if they will be able to make their payments every month or not.

If they cannot make the payments, you will want to find someone else. You can also ask for references and talk to their past landlords to see if they were diligent in making their payments every time.

Real estate can prove to be a good investment for you if it is handled right and if you take the right steps to ensure the safety of your property. You can protect your house and find good renters to take care of your house if you do your research.

Author Bio: Tommy Greene has worked since 1991 in property investments. He loves all things financial and is savvy in handling a triple net lease.He has been a guest lecturer for the past 9 years.

Contact Info:
Tommy Greene
TommyGreene09@gmail.com
http://www.stanjohnsonco.com

Category: Finance/Leasing
Keywords: Triple Net Lease