Terrie O'Connor Real Estate School Prepares Students for Success

A recent graduate, Kevin L., praised Terrie O'Connor Real Estate School for equipping him with the knowledge and skills needed to excel in the real estate industry. In his testimonial, Kevin expressed his gratitude for the thorough preparation he received, which enabled him to confidently tackle both his school exam and the state licensing exam.

Terrie O'Connor Real Estate School has a proven track record of producing successful real estate professionals. By providing comprehensive education and support, the school empowers students like Kevin to achieve their goals and make a positive impact in the industry. View our upcoming pre-licensing courses here: tocrres.com/register

What is a Lease?

A lease is a legal agreement between a landlord and a tenant that outlines the terms and conditions of a rental agreement. It typically includes the following information:

• Parties involved: The names of the landlord and tenant.

• Property description: The address and description of the property being rented.

• Rental term: The length of the lease, such as one year, month-to-month, or a longer term.

• Rent amount: The amount of rent to be paid each month or other time period.

• Security deposit: The amount of security deposit required from the tenant.

• Utilities: Which utilities are included in the rent and which the tenant is responsible for.

• Maintenance responsibilities: Who is responsible for maintaining the property.

• Pet policy: Whether pets are allowed and any restrictions or fees.

• Subletting policy: Whether the tenant can sublet the property.

• Termination clause: The conditions under which either party can terminate the lease.

Leases are important legal documents that protect the rights of both the landlord and the tenant. It is essential to read the lease carefully and understand all of its terms before signing.

Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com

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Who is a Landlord?

A landlord is an individual or entity that owns and rents out property to tenants. They are responsible for maintaining the property, collecting rent, and ensuring that tenants comply with lease agreements.

Landlords can own a variety of properties, including:

• Residential properties: Apartments, houses, condos, and townhomes.

• Commercial properties: Office buildings, retail spaces, and industrial warehouses.

• Agricultural properties: Farms, ranches, and orchards.

Landlords typically receive rental income from tenants in exchange for allowing them to live or work on the property. Part of the lease agreement is determining who is responsible for paying property taxes, insurance, and maintenance costs.

Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com

#RealEstate #NewCareer

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