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FREQUENTLY ASKED QUESTIONS
IN NO PARTICULAR ORDER
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WHAT ARE THE TERMS
OF THE LEASE? - The terms of the lease can vary
from month-to-month up to a year. Each tenant and owner have
their own preferences. Each term also has its advantages and
disadvantages. The longer the term, the longer you are committed
to staying in the property. At the same time, a long term lease
prevents the owner from raising the rent on you. Of course the
opposite advantages and disadvantages apply to shorter term
agreements.
Here is the excerpt from the Lease Agreement
as it pertains to the lease term:
TERMS
LESSOR does hereby rent to LESSEE for residential purposes only
those certain premises described as __________________________________
commonly known as, or located at:__________________________________________________________________________________________
Clark County, Nevada for a Period of _______ month(s), commencing
on the ______ day of ____________________ , 20 ____ at a monthly
rate of $________________ payable in advance on the FIRST
day of each and every month. Payments will be accepted
at 4033 W. Charleston Blvd. Las Vegas, Nevada 89102 during normal
business hours Monday through Friday, not including holidays,
unless otherwise agreed to. Rent payments are legally the responsibility
of the LESSEE without notice or demand and may be acted upon
anytime after the due date stated above. The LESSEE is responsible
for all lease payments through the end of the lease term. All
payments received on LESSEES account will FIRST
be applied to late fees, repairs, utilities, returned check
charges, and all other miscellaneous LESSEE charges and SECOND
to rent due. At the end of the lease term this agreement will
automatically become a month-to-month agreement with all of
the stated provisions herein intact, unless a lease renewal
or new lease has been signed and agreed upon. The Atlas Group
LC may make changes to this agreement at any time with proper
written notice being given to LESSEE.
**This clause is subject to change
without notice. Be sure and read your lease agreement and understand
it in its entirety.
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WHEN IS RENT DUE?
- Rent is due on or before the first of the month. Don't let
when rent becomes "late", confuse you with when it
is actually due. These are entirely two separate time lines.
You can pay your rent anytime before it is due. We have a drop
slot in our front door so we are available for receiving payments
24/7.
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WHO DO I MAKE MY
RENTAL PAYMENTS TO? - You will always make your
payments out to us... Atlas Group LC. We process
the payment s and do the accounting for the different owners.
If you are a Section 8 recipient, then HUD will also send the
owners checks to us.
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DO YOU COME AND
PICK UP THE RENT PAYMENTS? - No. We can provide
you with mail in stickers if you would like. Otherwise we hold
regular business hours and we have a drop slot which allows
24/7 access for making payments. Many tenants have "Bill
Pay" handle their payments for them.
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I HAVE A BUSINESS
AND I WORK OUT OF MY HOME, IS THAT "OK"?
- Most residential property is not designed for or zoned for
handling a business. Our leases are against it. However, if
your business is say Internet related, or possibly mail order,
or you "invest", there is a good possibility that
these types of businesses would be allowed. The key is "traffic".
If you will never have a client come to your house, and consequently
nobody in the neighborhood could tell you are running a business,
then that might be "ok". Each situation will be looked
at separately.
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