The Real Estate Mavericks
The Real Estate Mavericks
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    • Home
    • Owners
      • Client Login
      • Features / Fees / FAQ
      • Accounting
      • Goals
      • Listing / Leasing
      • Obligo
      • Maintenance
      • Rental Hygiene
      • Renewals / Turnover
      • Project Management
      • Evictions
    • Tenants
      • Tenant Login
      • Tenant Commitments / FAQ
      • Moving In
      • Obligo
      • Communications
      • Paying Rent
      • Maintenance
      • Mid-Lease Inspections
      • Lease Renewals
      • Roommate Policy
      • Early Lease Termination
      • Renting to Owning
      • Moving Out
    • Agents
    • Available Rentals
    • About Us
    • Contact
  • Home
  • Owners
    • Client Login
    • Features / Fees / FAQ
    • Accounting
    • Goals
    • Listing / Leasing
    • Obligo
    • Maintenance
    • Rental Hygiene
    • Renewals / Turnover
    • Project Management
    • Evictions
  • Tenants
    • Tenant Login
    • Tenant Commitments / FAQ
    • Moving In
    • Obligo
    • Communications
    • Paying Rent
    • Maintenance
    • Mid-Lease Inspections
    • Lease Renewals
    • Roommate Policy
    • Early Lease Termination
    • Renting to Owning
    • Moving Out
  • Agents
  • Available Rentals
  • About Us
  • Contact

RENEWALS

Our renewal process is designed to protect income stability while keeping your property competitively positioned in the market. Each renewal is evaluated based on tenant performance, current rent conditions, and long-term property strategy—never run on autopilot.

Standard Rate Increase Guidelines

Renewal pricing is determined based on current market conditions, lease term length, and overall tenant performance. Typical guidance ranges are as follows:


  • 18- and 12-month leases: 0% – 5% increase
  • 9-month lease: 5% – 7.5% increase
  • 6-month lease: 7.5% – 10% increase
  • 3-month lease: 10% – 12.5% increase
  • Month-to-month: 12.5% – 15% increase
     

Actual renewal adjustments may vary based on market conditions and owner strategy.

Proposal to Owners

  • Approximately 90 days before lease expiration, we prepare and present renewal recommendations to the owner.
  • Owners may approve, revise, or decline the proposed terms prior to any offer being extended to the tenant.

Proposal to Tenants

  • Tenants receive approved renewal offers approximately 60 days before lease expiration.
  • Tenants are required to respond no later than 30 days prior to lease end to avoid month-to-month terms or scheduled vacate status.

TURNOVER

The Real Estate Mavericks
Property Management
Chattanooga
Tenant Turnover

  • Upon receipt of a 30-day notice from the tenant or notice issued by management, we may conduct a pre-move-out inspection prior to vacancy to assess condition and identify anticipated turnover needs.
     
  • If only minimal work is anticipated and current listing photos are on file, we may pre-market the property to reduce future vacancy time.
     
  • During vacancy, we coordinate utility services, lawn care, and required property access as needed to support turnover and re-leasing preparation.
     
  • Tenants are required to vacate by the move-out date and return possession of the property and all keys in accordance with the lease. Holdover situations are handled in accordance with the lease and applicable state law.
     
  • Move-out inspections are typically completed within four (4) calendar days of key return.
     
  • If significant work is anticipated, contractor quotes may be obtained for owner review and approval prior to scheduling.
     
  • The move-out inspection report and any recommended turnover work are submitted to the owner for review and authorization before repairs proceed.
     

Copyright © 2023 The Real Estate Mavericks - All Rights Reserved.


Phone: 423-654-8585

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