When an applicant is approved, we prepare the lease, lease exhibits
(i.e pet exhibit, security system exhibit, etc.), and required disclosures
(i.e. Mold, Mildew, and Mositure disclosure, Property’s propensity to
Flood disclosure, etc.). We provide the documents to the prospective
tenant for their review and answer any questions or concerns they may have.
Once the prospective tenant has reviewed the documents and we have answered
any questions they may have, we schedule the lease signing.
At the lease signing, the tenant signs the documents and pays a nonrefundable
reservation fee (to take the property off the market and hold it for them) in
an amount equal to one month’s rent. We deposit and hold these funds in our
escrow account registered with the Georgia Real Estate Commission. Note: Once
the tenant moves in, the nonrefundable reservation fee is applied to the first month’s rent.
After reviewing the documents signed by the tenant, we sign the documents
(as the landlord) and provide a copy of the lease with all the signatures to
the tenant and a copy to the property owner.