| When renting our your place to others, there are | | | | This kind of agreement helps ensure the owner |
| two types of agreements/contracts that owners | | | | that there is a stable tenant for a period of time. |
| choose to use. This includes the rental agreement | | | | This can be most useful when you are still paying |
| and the lease contract. Rental agreements don't | | | | off the mortgage on the property and want to |
| have a length of residence requirement and are | | | | make sure you don't have a tenant who is |
| month-to-month agreements. After the end of | | | | short-term and can help pay it off. This is a |
| each month, the owner and the tenant are free | | | | common way of renting, so most tenants would |
| to make changes to the rental agreement. | | | | not hesitate to commit to this kind of agreement. |
| These changes could be rent increase, request to | | | | KeyRenter is a Utah property management |
| leave the property, or modifying other items in | | | | company that helps owners make leasing |
| the agreement. Usually both parties would give a | | | | contracts with tenants. They also help tenants |
| 30 days notice to any changes that will be made | | | | and owners uphold to the terms written in their |
| in the near future. Typically, the rental agreement | | | | contract. This includes sending late notices and |
| is automatically renewed after each month if | | | | enforcing the contract to tenants. This helps |
| neither parties don't request any changes. This | | | | owners rest asure that their property is taken |
| type of rental agreement is best used for those | | | | care of according to the contract. KeyRenter are |
| who are having a hard time getting tenants and | | | | professionals in rental homes in Utah. They help |
| for areas where rentals cater to traveling | | | | owners and tenants come together for a healthy |
| professionals and students. | | | | relationship for the duration of the contract. |
| The other type of rental contract is called a lease. | | | | If tenants are unable to fulfill their side of the |
| A lease is where there a timeline of the required | | | | leasing contract, then eviction administration would |
| length of stay for a tenant. This could be six | | | | be required. Tenants are usually still responsible for |
| months or up to a year that a tenant agrees to | | | | paying out the rest of their lease agreement |
| rent the property. During the contract, both the | | | | even if they are not living there anymore. |
| owner and tenant put uphold all the terms stated | | | | KeyRenter provides a business that helps owners |
| in their contract. Neither parties are allowed to | | | | in these times and makes sure the terms of the |
| change it until the end of the term agreement. | | | | signed lease contract is carried out. |