Lease documents are drawn up once a tenant has been attracted, screened, selected, and paid their hold deposit.
For residential properties Owners/Investors can use any legal lease documents that they wish if they are going to self-manage but must use our lease documents if we will be professionally managing the property for them.
The leases for commercial properties are typically more complex than residential leases with special property-dependent conditions and longer time-horizons. As such, most commercial leases are usually drawn up by the Ower/Investors attorney and reviewed by the tenant’s legal counsel.
The terms and conditions of the lease will accurately reflect promises made, information gathered and communicated during the attraction, screening, and selection phase.
Leases are sent electronically (via DocuSign or Dotloop) to tenants and owners to review and e-sign. Paper copies of lease documents with traditional signatures are available for those who do not have the ability to e-sign or technology access.
During the lease documents phase we usually cover the following tasks:
- Communication with the property owner, the selected tenant, and their represented legal counsel (when needed)
- Upload all executed lease documents into our online tenant and owner portal
- Collect any remaining fees, deposits, or initial rent payments
- Deposit any security deposits into an escrow account
- Prepare a move-in checklist
- Mark the advertised property as leased
Our detailed leasing process is an included service when we are hired to lease a property.