At this point, decide if you want monthly terms for the rental or if you want a longer lease that, in most cases, goes from year to year. Whether you choose a lease or a lease, it is essential that you know who your tenant is. A thorough review of your rental applications can help you give yourself confidence that you are placing the right person in your rented property. Unlike a long-term lease, a lease offers a lease for a shorter term – usually 30 days. 2. Occupancy restrictions. Your contract should make it clear that the rental unit is only the residence of the tenants who signed the lease and their minor children. This ensures your right to determine who lives on your property – ideally the people you have verified and approved – and to limit the number of residents. The value of this clause is that it gives you reasons to distribute a tenant who moves into a friend or relative or sublets the unit without your permission. Before moving into a rental building, many landlords require their tenants to sign rental agreements.. .
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