I am in the process of issuing the park lease and rules and regulation and have some questions.
How much should we charge for tenant deposits? Current rent is being increased from $130/month to $150/month on one park and $165/month to $195/month on the other park. Most of our tenants do not have deposits on file from the previous owner (only about 15 deposits with 87 tenants and their deposit is only $100. Should we collect deposits from the other renters that don’t have one? Should we increase deposits for the people that just have $100 down for their deposit? For the rent credit program how do you charge Down Payments for the home? Some people have said 10% of the value and other people have said a flat amount. Most of the homes we are doing rent credits on are only worth $5,000-$10,000. Do we still charge a lot rent deposit even with a down payment for the mobile home?
What is an appropriate late charge for rent past due? How much do you charge for a pet deposit?
What’s your system to make sure all renters have insurance
on their home?
Is it acceptable to leave name and date blank on the lease and have them
fill it in and we sign it once it’s fully filled out so we don’t have to type out 87 different tenant leases? Is Missouri a 3 day eviction state? Thanks so much for your help!