RENEWALS

Our renewal structure incorporates standard rate increases based on the lease term proposed. This structure is only a guideline for our proposals as there are case by case scenarios to consider when offering renewals to you and your tenants, such as properties that are recently purchased under market rent.

Standard Rate Increases

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

Proposal to Owners

Approximately 90 days before lease expiration, we propose renewal options to owners.
Owners have the opportunity to request changes or revisions.

Proposal to Tenants

Tenants receive approved renewal offers about 60 days before their lease ends.
Tenants must decide 30 days before expiration to avoid month-to-month terms or vacating.

TURNOVER

The Real Estate Mavericks
Property Management
Chattanooga
Tenant Turnover

Upon receiving a 30-day notice from the tenant or giving notice ourselves, we may conduct a pre-move-out inspection a week or two before the move-out date to assess the tenant's progress and determine any necessary work to prepare the property for re-rental.

If minimal work is needed, we may proceed to pre-market the property if listing photos are already available.

We arrange for utilities, lawn care, and other necessary services for the property.

Tenants must return the property by the move-out date; otherwise, they may incur a daily holdover rate, and eviction proceedings may be filed. Extensions are considered on a case-by-case basis.

Move-out inspections are completed within four calendar days of receiving keys.

If significant work is anticipated, a contractor accompanies us to provide a quote for project management.

The move-out inspection report and estimated work are sent to the owner for review and approval.