FAQ: What is the Average Length of a Lease
1-Year Lease Agreements
SMART prepares leases for one year.
Why?
Because the rental marketing conditions are always changing. Rent could remain the same, dip lower, or shoot higher. And, as a full-service property management company, we want to ensure that you get the most out of your property.
Usually, at the end of a lease, the owner will decide whether to renew the same tenant, release the tenant, or let the tenant lease on a month-to-month basis.
What Does a Typical Rental Agreement Consist Of?
A lease dictates the terms that will govern a tenant and landlord for the duration of a lease. SMART has put together a clear and concise rental agreement that lays the groundwork for a smooth rental experience for both parties.
Duration
Our leases state the duration — which is 1 year. It also includes terms of renewal as well as the penalties that will be incurred if the lease is broken by either party before its specified end.
Rent Costs
A rental agreement specifies not only the dollar amount of the lease, but also when it is due, what forms of payment are accepted, and where the payment should be made.
Pets
Potential tenants that notify us of pets are thoroughly screened – size, breed, are shots up-to-date, etc.
Generally speaking, a well behaved dog or cat will cause little “wear and tear” in the home or in the yard.
Our pet deposits are refundable providing there is no damage.
Our policy is pets 30 pounds and under will require a $300 deposit and larger animals will be $500. We DO NOT ACCEPT VIOLENT BREEDS.
Maintenance and Repairs
As a tenant with SMART, it is your responsibility to maintain and report anything that is amiss at the property.
We are not responsible for making any repairs caused by a tenant’s own carelessness.
However, if a tenant notices an issue and fails to report it to us, the tenant may be held liable for additional damage.
Click here for the maintenance responsibility checklist for SMART tenants
Restrictions on Behavior
Specific restrictions on disruptive or illegal behavior are included in SMART leases. Often, this includes excessive noise restrictions and bans on illegal conduct such as drug dealing. Breaking these terms is often grounds for eviction. The agreement may also specify other restrictions, such as restrictions on smoking inside the home.
Vacating the Property
If a tenant wishes to vacate—they MUST notify SMART with a 30 day written notice sent via mail or emailed to our office.
Have any questions for our team? Give us a call: 702-750-9725
SMART is open Monday-Friday from 9am-5pm.
