We are experts at finding a well-qualified tenant for your property, and then getting that tenant under a lease contract that protects the landlord. The Maxwell lease contract has been developed and fine-tuned over 25 years in business and is comprehensive in addressing rental issues
1. 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.
2. How much of a security deposit can I charge?
In New York, there is a one-month rent amount limit for security deposits.
3. Where can I find a dependable lease agreement?
Look no further, Maxwell Management has been fine-tuning our lease agreement for the better part of two decades! Our contract is industry tested and is designed to protect you. Contact us today to learn more!
4. 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 in the property
- Who pays for what utilities
- Whether pets are allowed or not
- Whether subletting is allowed
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.