Posted in Blog  
  on May 01, 2014

What is a Tenant at Will Agreement

Do you know how important a tenant will or lease agreement is? Definitely, this document is the most must-have-thing of a landlord and it is very important that the tenant have signed it before renting the unit. If what you have in hand is a will agreement with excellent quality and content, basically, there is no need for you to discuss everything further to the tenant. However, as the owner of the units to be leased, it is your obligation to read the contract to the tenant and make sure that you will give him awareness on what you really want from him/her. This process is highly important. You should ask yourself this question always, “what’s in it for me?”



Security Deposit


You will have to go for a security money deposit. Before applying or discussing this to the tenant, you need to make it sure if everything is all up clear first. If not, try first to resolve the issue first. There should be no dispute to get rid of some future problems that may possibly arise due to these circumstances. If everything is fine already to the tenant, then it’s time for you to let him deposit the money. After that, if everything is clear, tenant could have the hold for the rental unit. You should take precaution for this is a money matter.

Establishing Payments


Most probably, you will discover a lot of things about the tenant before he/she signs the lease contract. If in your contract agreement dictates that there are additional rates for late payments, mostly they will argue about that. This thing must be settled right away. You should highlight such things for you to be able to avoid some headaches on the long run. Ask them, while it is not too late, don’t rush things. Try to connect to them more intimately.



Dealing with Disputes


If the tenants have other questions or dispute, try to answer it briefly and with assurance. Make it clear to them that the tenant will agreement is not one sided. Tell them that it is not only for your sake but for both of you. It will ensure your rights and their rights as well. Without it signed there is no formality and some serious troubles might be hard to be handled if in case it occurs.

There are times that the tenant is not happy with the lease fee and other surcharges and they are hesitant to tell it to you in person. In order for you to deal with this scenario, you can try to improvise. Why not make a survey like form. There you can ask some frank question in a professional way, just like the other big companies all throughout the world. They are doing this to improve their service, right? Have you noticed and encountered that? You can do the same thing, you have no limits. As long as you will improve your business, go for it. Be creative.

After having the will agreement signed by the tenant, it is your responsibility and obligation to keep it intact. You might need it in the mere future. So all of these are everything you should know about the tenant’s will agreement. That could give you some ideas on how to improve your service and business. Have a good one and good luck.

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