CHECKLIST FOR LEASE OPTIONS AND LEASES
Checklist for lease options and leases
When a person wants to enter into a lease agreement there are some factors that need to be taken into account. These are known as the checklist for lease options and leases. These also include the work for equity program.
As per the checklist, the address of the property is mentioned. During the application process the following factors need to be considered: The details of the credit application need to be furnished and the application receipt for the deposit of the property incase it is necessary in case of certified funds. The details of the order credit report need to be mentioned as well as the verification of the job as well as the credit and rental history is to be undertaken.
Once the application has been approved then the following are the factors to be considered : The lease agreement, the rules and regulations which are set by the landlord, the option agreement incase that is necessary, the work for equity program incase that is necessary, the inspection report as well as the inventory report this is necessary if the building was built before 1978, then the lead based paint addendum is to be checked along with the balance of move-in money incase of certified funds. One needs to check on the smoke detectors as well as the security devices and the re-key locks. The utilities need to be turned off and the pool as well as lawn maintenance needs to be cancelled. The signs and the pickup lockbox need to be removed as well.
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