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Lease

Lease:

A lease, often referred to as a rental agreement or rental contract, is a legal contract allowing a person or persons possession of another person’s property for a specific time in return for a payment.  A lease can be a very complex, voluminous document or it can be a simple one page, pre-printed form purchased from the office supply store.

No matter what format the lease takes, it is the responsibility of all parties which will be bound by the lease to read and understand the lease before signing. Ignorance of the contents of the lease is not an excuse for non-performance.  It is highly recommended that anyone signing a “Third party co-signer” agreement,also read the lease.  Afterall, they are equally responsible for the performance of the lessor (renter).

All too often, our tenants do not take the time to review the lease and then they find themselves in a bad situation because they failed to understand the terms of the lease and their responsibilities, as defined by the lease.  In Montana, leases are held “jointly and severally”, which means that each lessor is 100% responsible for the property.  For example, (this does happen) if there are four roommates and three of the roommates don’t return after spring break, the remaining roommate is still responsible for the terms of the lease.  In other words, the remaining roommate still needs to pay the full amount of rent, utilities, etc.

Tenant Information

Finding a Place to Live

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Beginning October 14th, 2016, Peak Property Management will be open Monday thru Thursday 9:30 am to 4:00 pm. Plan accordingly for paying rent!! The after-hours answering service will forward any emergency calls to the on-call technician.

Lease

Lease

Lease:A lease, often referred to as a rental agreement or rental contract, is a legal contract allowing a person or persons possession of another person’s property for a specific time in return for a payment.  A lease can be a very complex, voluminous document or it can be a simple one...

Moving In

Moving In:

After reading, understanding and signing the lease, the next step isto move into your new space.  The firstthing that needs to be done is to fill out the property inspection report, orcondition of premise (COP).  The COP isthe document by which the property will be judged when you move out.  Therefore,...

Maintenance

Maintenance

Maintenance: All property, whether residential or commercial will require maintenance. Gutters leak, water heaters fail, furnace filters get clogged, pipes break, grass grows and snow falls. All of these items need attention and it is up to the tenant to report any adverse conditions to the landlord or management company....

Living in the Property

BVMHP CCR May 2017

Responsible Living

Living in the Property: Renting a property is a privilege and every property should be treated with respect and care. Often times, tenants lose sight of the fact that the roof over their head has been provided by a real person. The property owner has purchased the property as an...

Moving Out

Moving Out

Moving Out: When the time comes to move out of your rental property, a myriad of things need to happen, requiring a coordinated effort among all those involved. First, you need to give the required notice, which is typically 30 days. If you are moving out prior to the end of the...

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Tips

  1. Choose roommates carefully.
  2. Be thorough when completing COP.
  3. Be good neighbors.
  4. Protect the property- protect your credit.
  5. Read the lease.
  6. Report any problems promptly.

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Contact Us

PEAK PROPERTY MANAGEMENT
716 S. 20th Ave, #102
(Corner of 20th & College)
Bozeman, MT 59718
Email Us
(406) 585-7776
(406) 587-3417
Hours: 9:30AM- 4PM, Mon-Thurs