Checklist for Lease-Options and Leases

by admin

The checklist to remember all the important points

When you are leasing out your property you must make sure that everything is done correctly so that you do not forget the main ingredient of it. The checklist is the best to do the work in an organized way till the end.

The checklist for lease-options and leases should contain all items that are required for the application process such as

The credit application and the receipt of it being received.
The order credit report
The verification including that for age gender rental history and credit report.

Once the application process is complete and the application gets approved you must make another list which should contain

The lease agreement
The rules and regulations set by the landlord
Option agreement
The report of inspection but only if it has been carried out
All the utilities are turned off.
Decision to use the pool
Removing sign and lockbox

There are many such points that may be included in the checklist and make the list as elaborate as you can because one point missed at the time of optioning of lease may cost you dearly.

The lease option is the best thing at the present time because of the large companies the people is not able to sell their property as desired. You must wait for the favourable period to come back and in the meanwhile give your property on lease for one to two years. This will sail you through this rough patch smoothly.