2. UNIT 7: LEASES
Types of Leasehold Estates
Periodic Tenancy
Tenancy for Years
Tenancy at Sufferance
Tenancy at Will
3. UNIT 7: LEASES
Lease Formats and Types of Leases
Lease Classifications
Classified by Type of Real Property
Classified by Length of Term
Classified by Type of Payment
Gross Lease
Net Lease
Percentage Lease
4. UNIT 7: LEASES
Provisions of a Valid Lease Contract
Typical Lease Clauses
Names and Signatures
Description of the Premises
Rent Amount
Term of Lease
Security Deposit and Other Fees
Refundable Deposits
Non-Refundable Fees
5. UNIT 7: LEASES
Provisions of a Valid Lease Contract
Typical Lease Clauses
Premise Possession
Premise Use
Assigning a Lease or Subletting
Insurance
Utilities
Entry by Landlord
Holdover
Rules & Regulations
6. UNIT 7: LEASES
Provisions of a Valid Lease Contract
Typical Lease Clauses
Default
Limitation of Liability
Damage or Destruction Clause
Condemnation
Mediation/Arbitration
Special Clauses
7. UNIT 7: LEASES
Provisions of a Valid Lease Contract
Common Clauses in Residential Leases
Maximum Number of Occupants
Smoking
Pets
Megan’s Law
Waterbeds
Satellite Dish
Military Duty Clause
8. UNIT 7: LEASES
Qualifying Tenants and Showing Property
Screening and Qualifying Prospects
The Three Cs of Credit
Capacity
Character
Credit Report
References
Collateral
Showing the Property
Handling Objections
9. UNIT 7: LEASES
Negotiating the Terms and Signing the
Lease
Negotiating the Terms
Rental Rate
Rent Concessions
Discounted Rent
Free Rent
Length of Lease Term
Property Improvements
Signing the Lease
