Lease term – 6 months or 12 months? Which one is better?
By Utopia Property Management
TEMECULA, CA. – Are you planning on renting your Temecula home and are wondering which lease term is better? As the top rental management company in the city, we can tell you that 12 months is always the best lease term for any rental property.
Why are 12 months better than six months, or a month-to-month lease?
The answer to this question is simple. Renting your single-family home, condo, or townhome for 12 months will make it possible for you to have long-term, stable, cash flow that you can depend on each month to pay your mortgage and other expenses that come with owning a rental property.
Which Terms Should You Include in Your Lease?
Now that we’ve established that a twelve-month lease is best, the next big question is which terms should you include in your lease?
As a property owner, your lease is your most important document because it sets the rules they will have to follow in the coming months.
To protect your best interests as an owner there are several terms you should consider adding to your lease:
Tenant names – This should include the names of each adult and child who will be living in the rental property.
Occupancy limits – Even though you may like your tenants, they should know that they cannot allow a friend, family member, or close relative to move into the rental property.
Rent – You must specify when rent is due when it’s late, and how you would like to be paid. This is important because some tenants may take advantage of you if you don’t lay down stringent rules regarding rent from the very beginning.
Repairs or maintenance – Tenants must know that they should call in repairs or maintenance issues immediately and they should also have an emergency method to contact you after hours especially if help is needed at night or during weekends.
Hire A Temecula Property Manager
Tired of managing your rental properties yourself? Hire a Temecula Property Management company today by calling us at (800) 294-4656 or connect with us online through our website.