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FREQUENTLY ASKED QUESTIONS
IN NO PARTICULAR ORDER
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IF I NEED TO MOVE
CAN I SUBLET THE PROPERTY? - No. However, we
can usually work with you. What you need to understand and remember
is that there is a legally binding agreement and the owner is
basically saying, "I'm not going to force you to leave,
and in return, you promise to stay". So, what you can do
is find a replacement. Similar to a sublet in that the property
remains occupied but totally different in that you are released
from your obligations and a new tenant signs a completely new
Lease Agreement. This is actually better for you. It also is
better for the owner because the new tenant normally signs a
lease equal in term to the one you are exiting which in essence
then extends his current cash flow expectations.
Here is the excerpt from the Lease Agreement
as it pertains to subletting:
SUBLET
LESSEE shall not assign, sublet or transfer his interest, nor
any part thereof, without prior written consent of the LESSOR,
nor shall LESSEE use the premises for any commercial enterprise
or for any purpose which is unlawful against State, Federal,
City or County ordinances, nor shall LESSEE commit waste, excessive
noise or create a nuisance in, on or about the premises or other
unreasonable disturbances to others.
**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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HOW
MANY PEOPLE CAN LIVE IN A PROPERTY? - We use
the Federal guidelines of 2.5 people per bedroom. So, as an
example, a property with three (3) bedrooms could hold 7.5 people.
Here is the excerpt from the Lease Agreement
as it pertains to occupancy:
OCCUPANTS
Occupants of the premises shall be limited to _____ persons
(only those people listed on the Rental Application) and shall
be used solely for housing accommodations and for no other purpose.
The manager needs to be notified immediately of any guests staying
on the property and LESSEE agrees to pay the sum of twenty-five
($25.00) dollars per day for each guest remaining on the premises
more than fourteen (14) days. Notwithstanding the foregoing,
in no event shall any guest remain on the premises for more
than twenty (25) days.
**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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WHO
PAYS FOR THE UTILITIES? - It depends on the
property. The key is whether or not the meter, whether it be
for gas, water, or power, handles more than one unit. If that
particular utility meter does handle more than one unit then
the owner pays for that particular utility. In single family
homes, condos, or townhome's, which are all individually metered,
then the tenant will always pay for their own utilities. The
only exception is where the Homeowners Association pays for
trash and in some older buildings that were converted from apartments
or fourplexes, then possibly some of the other utilities might
be master metered per building as well.
Here is the excerpt from the Lease Agreement
as it pertains to utilities:
UTILITIES
LESSEE is to pay when due all utilities and other charges in
connection with LESSEES individual rented premises except for
the following which are to be paid by LESSOR ________________________________________________
LESSEES responsibility for these utilities begins at the commencement
of this agreement. LESSEE shall sign the appropriate documentation
with the utility companies which will notify the Property Manager
of any LESSEE delinquency with the utility companies. LESSEE
agrees to leave utilities on for five (5) working days after
vacating.
**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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