Lease Assumption
The Perfect Solution For Property Owners with Existing Tenants.
What Is Lease Assumption?
The Assumption Property Management option is available for homeowners who have rented their property but consider a hands off approach to be the ideal situation. With this option homeowners can enjoy every aspect of the Full Service Property Management after your tenant moves in.
What Does Lease Assumption Include?
- Collection of rental payment
- Assessing and collecting late payment fees
- 24/7 response to maintenance issues
- Handling of Security Deposits in qualified Trust Accounts
- Accounting and tax services for your property(s)
- Court appearances in the event of eviction.
Fees And Other Considerations
This is a Full Service Property Management option that will allow Oak City Properties to take over the day to day operation of your investment.
The fee for this service is $300 and 8% of the gross rent per month after.
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Helpful Links
Want to Learn More About Real Estate Investment?
Our years of experience in real estate investment and property management have helped us to create ideal solutions no matter the situation. To help with your real estate investment journey, we create relevant blogs each month that address the topics that matter. Take a look at our resourceful and forward-thinking blog topics to learn more.
How to Show an Occupied Rental
When a tenant communicates their intent not to renew a lease, the scouting process begins. In this article, we outline four ways to show an occupied rental property and how to make sure your current tenant feels involved in the process.
Snow Removal: Who is Responsible?
As a property owner, snow can complicate things and be a safety concern, so it’s important to ensure everyone knows who is responsible for removing snow from sidewalks, pathways and driveways. This article answers the question, “Who is responsible for snow removal? The tenant or the landlord?”
Winterizing Your Rental Property? Let Us Help
Wet weather paired with the occasional cold spurt can be a recipe for disaster and mishaps waiting to happen. In this article, we outline several ways to get your rental property ready for winter weather and keep your tenants safe.
Get In Touch
We’ve streamlined the experience of purchasing and owning investment properties through a trusted and reliable mindset built on decades of measured success. Our team of real estate and investment professionals are ready to help you manage your most significant assets through a hands-on approach that focuses on consistently generating results. Want to learn more about our commitment to effective real estate investing and property management? Contact us today.