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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 lease, or “breaking the lease”, expect to be assessed an administrative fee. You are also responsible for any and all rent, utilities, etc until the unit is re-rented. If you move out three months early and it doesn’t become occupied until two months later, you are responsible for all the costs incurred within that two month gap.
Remember, you are responsible for bringing the property back to the condition it was in when you moved in, which is where the COP comes into play. Refer back to the COP, which you completed before moving into the property, and make sure that anything that is different is corrected. You will also need to be sure that the property is cleaned….completely cleaned. Many tenants fall short in this task, thinking that running the vacuum and wiping out the bathtub constitutes cleaning. The property was cleaned to a certain standard when you moved in and should be the same when you move out.
Tenants are also required to have the carpets professionally cleaned. A carpet machine rented from the grocery store does not qualify as “professionally cleaned”. The equipment requirements are specifically notated in the lease, to ensure that each new renter is provided with a “clean slate” when they move in.
A “final walk-through” (FWT) will be conducted by a Peak Property Management representative, along with one or more of the tenants. Once the walk-through is complete, the tenant(s) will have 24 hours to correct any cleaning items or repairs. If the noted items are not completed, then Peak Property Management will have the items corrected and the tenants will be charged.
The security deposit will be returned, less any necessary charges (unpaid rent, damages, unpaid utilites) within 30 days of the FWT. If there are no corrections necessary at the FWT and the entire security deposit is refundable, that should occur within 10 days.
Many people think that Peak Property Management retains security deposits as a source of income. Of course, that is untrue and impossible. The security deposit belongs to the property owner during the term of the lease and is held in a highly regulated account. It is illegal for a property manager to combine company assets with security deposits. Therefore, a reputable property manager would have safeguards in place, along with separate bank accounts to prevent any mishandling of security deposits.

Tenant Information

Finding a Place to Live

WINTER HOURS!!!

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