What’s the difference between a lease and a rental agreement?
The main difference between a lease and a rental agreement is the amount of time each covers. A rental agreement covers short-term periods, typically 30 days. Whereas lease agreements cover a long-term period of time. Most leases are 12 months.
How much of a security deposit can I charge?
In New York, there is a one-month rent amount limit for security deposits.
Do I need a written lease agreement?
Yes, lease agreements should always be in writing. The lease agreement is a key document outlining important details, such as:
- Length of lease
- Amount of rent and any deposits the tenant must pay
- Number of individuals who can reside on the property
- Who pays for what utilities
- Whether pets are allowed or not
- Whether subletting is allowed
Does my lease protect me if I need to evict a tenant?
A thorough lease protects you and outlines all your expectations for your tenant. In the case of an eviction, the lease will play an integral role in determining the cause for termination.
Contact Maxwell Property Management for expert Eviction Guidance and about the New York State Eviction Process in our Eviction FAQ.
Where can I find a dependable lease agreement?
Look no further, Maxwell Property Management has been fine-tuning our lease agreement for the better part of three decades! Our contract is industry tested and is designed to protect you.
Have more questions?
Reach out to the experts at Maxwell Property Management. We have over 30 years of experience providing top-notch property management services to Saratoga County, including Clifton Park, Wilton, Ballston Spa, and Saratoga Springs.
Our services include marketing, tenant screening, property preparation and maintenance, rent collection, bookkeeping, and more. Simplify your property management today. Our team of licensed real estate brokers are ready to help. Call or text today to get started.
