In most cases, leases are considered „monthly” and automatically renew at the end of each period (month), unless otherwise specified by the tenant or lessor. In the case of a rental agreement, the lessor and the tenant are free to modify the contractual conditions at the end of each monthly period (if the corresponding termination procedures are respected). In addition, when terminating the lease, you must decide when and how the deposit will be refunded and how to inform the tenants of the use of their deposit. Whether you choose a lease or a lease, it is essential that you know who your tenant is. A thorough review of your rental applications can help you give yourself confidence that you are placing the right person in your rented property. Too many landlords can rely on rental income, not renting enough and not renting to the best candidates. Homeowners who calculate income correctly are more likely to succeed with their investment property. For independent landlords who depend on rental income to pay a mortgage, it`s important to receive rent on time.. . .