Property owners may be thinking, "I want to earn a stable rental income" or "I want to reduce the time and effort required for property management. Sublease contracts " are gaining attention as an option to fulfill such desires. Sublease contracts are a system in which a real estate company leases the property in bulk and subleases it to tenants, and are chosen by many owners as an attractive option to reduce vacancy risks.
In recent years, however, problems with rent reductions and disputes over the contents of the contract have increased, and in 2020, the Ministry of Land, Infrastructure, Transport, and Tourism tightened regulations. In this article, based on INA&Associates' experience and knowledge, we will explain in an easy-to-understand manner the basic structure of sublease contracts, their advantages and disadvantages, legal regulations, and trouble cases that every real estate owner should know. We hope that you will be able to make the right decision as to whether a "sublease contract" is really suitable for you as an option for rental management.
Basics of Sublease Contracts
What is a Sublease Contract?
A sublease contract is a type of contract in which a property management company (sublease company) leases the entire rental property owned by the property owner and subleases (subleases) the property to tenants. The English word "sublease" means "subleasing," and is legally referred to as a " sublease agreement.
The most important feature of this type of contract is that the sublease company guarantees the owner the rent for a certain period of time, regardless of the property's vacancy status. In ordinary rental management, if there is a vacancy, the rental income for that period will be zero, but in a sublease contract, the owner will continue to receive rent payments as specified in the contract.
Contract Structure
The basic structure of a sublease contract is as follows
1.The property owner and the sublessor company sign a lease agreement (master lease agreement).
The sublessor company leases the property in its entirety and pays rent to the owner.
The sublease company recruits tenants and concludes a lease contract with them.
The tenant pays rent to the sublease company.
5.The sublessor company is in charge of property management
Through this system, the owner is freed from administrative tasks such as recruiting tenants, collecting rent, and handling complaints, and is able to receive a stable rental income. On the other hand, the sublessor company earns the difference between the rent received from tenants and the rent paid to the owner.
Differences from General Rental Management
The table below summarizes the main differences between a sublease contract and general rental management (outsourced management contract).
| Item |
Sublease Contract |
Management Consignment Contract |
| Counterparty to the contract |
Sublease company becomes the lessee |
Tenant becomes the lessee |
| Rent Guarantee |
Yes (Depends on the terms of the contract) |
No (no income when the room is vacant) |
| Rent setting |
Determined by sublease company |
Determined by owner (advised by management company) |
| Vacancy risk |
Sublease company bears the risk |
Owner bears the burden |
| Management |
All handled by sublease company |
Outsourced to management company (scope depends on contract) |
| Profitability |
Stable, but capped |
Variable, but no upper limit |
| Management fee |
In principle, none (the difference between rent and management fee is the actual fee) |
Yes (5-10% of rent) |
| Contract term |
Long-term (10 to 30 years) is common |
Short-term (1-2 years) is common |
Relationship with Lump-sum Lease
Although the terms "sublease" and "bulk leasing" are often used interchangeably, they are strictly different concepts. Bulk leasing is a form of sublease contract in which the entire property is leased at once. Sublease, on the other hand, is a generic term for a lease agreement that contemplates subleasing.
In practice, the term "lump-sum lease" is often used as a marketing expression, and in most cases is used synonymously with the legal term "sublease agreement (sublease agreement).
Legal Positioning of Sublease Contracts
A sublease contract is a combination of a lease contract and a sublease contract under the Civil Code, and the "Law Concerning Proper Management of Rental Housing" (commonly known as the Rental Housing Management Business Law), which came into effect in December 2020, has tightened regulations on sublease business.
This law imposes the following obligations on sublessors
1.Prohibit exaggerated advertisements
Prohibit unreasonable solicitation
3.Obligation to explain important matters before concluding a contract
4.Obligation to deliver documents at the time of concluding a contract
5.Provisions on prohibited acts related to business
These regulations were introduced against the backdrop of past problems with reduced rent guarantees, and are intended to protect real estate owners.
Merits and Demerits of Sublease Contracts
Sublease contracts have various advantages and disadvantages for property owners. Each is explained in detail here.
Merits for Property Owners
1. stable income through rent guarantees
The greatest advantage of a sublease contract is that a certain amount of rent income is guaranteed regardless of whether or not there are vacancies. In normal rental management, rental income is zero during periods of vacancy, but in a sublease contract, the rent is continuously paid as stipulated in the contract. This ensures a stable cash flow and makes it easier to plan for loan repayment.
(2) Reduction of management tasks
In a sublease contract, the sublessor company handles almost all aspects of rental management, including tenant recruitment, screening, contract procedures, rent collection, handling of complaints, and restoration of the property to its original condition when tenants vacate. As a result, property owners are freed from the hassle of management and can greatly reduce their time and mental burden. This is especially a great advantage for those who own properties in distant areas or who are busy with their day jobs.
3. reduction of vacancy risk
One of the biggest risks in rental management is vacancy risk. With a sublease contract, this vacancy risk is borne by the sublease company, allowing the owner to manage the rental property with peace of mind. This is especially beneficial for properties in poor locations or in areas where there are many competing properties.
4. utilization of professional management know-how
Sublease companies are professionals in rental management and have expertise in tenant recruitment and efficient building management. By utilizing this expertise, the value of the property can be maintained and improved. They can also be expected to set appropriate rents in line with market trends and to advertise effectively.
Disadvantages for property owners
1. limited profitability
Under a sublease agreement, the rent paid to the sublease company is generally set at 80-90% of the market rent. This means that if the property can be managed with full occupancy, normal rental management may provide higher profitability. Especially for properties in popular areas or properties with low vacancy risk, you may miss out on revenue opportunities that you could have originally obtained through sublease contracts.
2. risk of changes in contract terms
Many sublease contracts contain clauses that allow the sublessor company to reduce the rent due to changes in economic conditions or fluctuations in the surrounding rent market. In fact, there have been many problems in the past where the promised rent was unilaterally reduced. This risk is one of the major drawbacks of sublease contracts.
(3) Restraints by long-term contracts
Sublease contracts are generally for a long term of 10 to 30 years. During this period, the sale or change of use of the property may be restricted. In addition, there are often high penalties for early termination, making the contract inflexible.
Loss of control over property management
In a sublease contract, decision-making authority over property management and tenant selection is transferred to the sublessor company. As a result, it may be difficult for the sublessor company to reflect the owner's wishes. For example, the owner's wishes may not be met with regard to tenant demographics, rent settings, and remodeling details.
Comparative Table of Advantages and Disadvantages
The following table compares the advantages and disadvantages of sublease contracts.
| Advantages |
Disadvantages |
| Stable income through guaranteed rent |
Limited profitability (80-90% of market rent) |
| Reduction of management tasks |
Risk of changes in contract terms (rent reduction, etc.) |
| Reduction of vacancy risk |
Restriction by long-term contract (10 to 30 years) |
| Utilization of professional management expertise |
Loss of initiative in property management |
| Reduction in burden of dealing with tenants |
Difficulty of contract cancellation/penalty risk |
| Relief even for beginners in rental management |
Potential increase in repair cost burden |
Cautions and Legal Regulations for Sublease Contracts
When considering a sublease contract, it is important to understand the various precautions and legal regulations. Here, we will explain the Ministry of Land, Infrastructure, Transport and Tourism's guidelines, laws and regulations, and important matters to consider when signing a contract.
Guidelines of the Ministry of Land, Infrastructure, Transport and Tourism
In October 2020, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) established the "Guidelines for Proper Business Practices in the Sublease Business. These guidelines indicate what appropriate operations should be in the sublease business and clarify the actions to be regulated under the Rental Housing Management Business Law.
The guidelines clearly state the following points:
1.Obligation to explain the risk of future rent fluctuations
2.Clearly state the length of the contract and the conditions for early termination
3.Clarification of the division of burdens for maintenance and repair costs
4.Specific examples of exaggerated advertising and unfair solicitation
These guidelines are not legally binding, but serve as a guideline for sublessors in the proper conduct of their business.
Regulations under the Rental Housing Management Business Law
The Act on the Proper Management of Rental Housing (Rental Housing Management Business Act), enacted in June 2020, tightens regulations on the sublease business. The Act imposes the following obligations on sublessors
(1) Prohibit exaggerated advertisements, etc. (Article 28 of the Law)
Sublessors are prohibited from making untrue advertisements or representations regarding the possibility of future fluctuations in rent or the content of the contract. For example, it is prohibited to make definitive statements such as "rent guarantees are assured for the future" or "never lose money on your investment".
(2) Prohibition of unreasonable solicitation, etc. (Article 29 of the Law)
Sublessors are prohibited from soliciting owners by forcing them to enter into contracts or taking advantage of their lack of judgment. Also prohibited are intentional omissions of facts or misrepresentations.
Explanation of Important Matters Prior to Conclusion of Contract (Article 30 of the Law)
The sublessor is obligated to explain the following important matters to the owner prior to the conclusion of the contract:
-Matters concerning the transfer of rent and other monies
-Matters concerning the sharing of expenses for maintenance and management
- Matters concerning the term of the contract
- Renewal or termination of the contract
- Matters relating to changes in rent
Delivery of documents at the time of conclusion of contract (Article 31 of the Act)
The sublessor is obligated to deliver a written document describing the contents of the contract to the owner at the time the contract is concluded. This document must include the information explained in the explanation of important matters.
Major Regulations and Contents of Sublease Contracts
The following table summarizes the main laws and regulations regarding sublease contracts and their contents.
| Laws and Regulations |
Contents |
Enforcement Date |
| Article 28 of the Rental Housing Management Business Law |
Prohibition of exaggerated advertisements, etc. |
December 15, 2020 |
| Article 29 of the Rental Housing Management Business Law |
Prohibition of unreasonable solicitation, etc. |
December 15, 2020 |
| Article 30 of the Rental Housing Management Business Law |
Obligation to explain important matters before concluding a contract |
December 15, 2020 |
| Article 31 of the Rental Housing Management Business Law |
Obligation to deliver documents at the time of conclusion of contract |
December 15, 2020 |
| Article 32 of the Rental Housing Management Business Law |
Prohibited acts related to business |
December 15, 2020 |
| Article 35 of the Building Lots and Buildings Transaction Business Law |
Obligation to explain important matters (when construction is assumed) |
Existing |
| Consumer Contract Act |
Invalidity of unfair contract terms |
Existing |
Explanation of important matters at the time of contract
When concluding a sublease contract, you are required by law to receive an explanation of important matters from the sublessor. In this explanation, special attention should be paid to the following points:
1. the terms of the rent guarantee and the possibility of fluctuation
It is important to receive an explanation of the details of the rent guarantee (guaranteed amount, guaranteed period) and the possibility of future rent fluctuations. Many sublease agreements include clauses that allow the sublessor company to reduce the rent due to changes in economic conditions or fluctuations in the surrounding rent market.
2. contract term and mid-term termination conditions
It is important to confirm the term of the contract (generally 10 to 30 years) and the conditions for early termination, including the existence and amount of penalty fees. In particular, be careful if the penalty fee is set at a high amount.
3) Classification of Maintenance and Repair Expenses
It is important to clarify the division of expenses for maintenance and repair of the property (i.e., whether they are borne by the owner or by the sublessor company). In particular, expensive expenses for large-scale repairs and facility upgrades should be confirmed in advance.
4. conditions for contract renewal
It is important to confirm the conditions at the time of contract renewal (existence and amount of renewal fee, possibility of rent review at the time of renewal, etc.). If there is a possibility that rent will be reduced at the time of renewal, the conditions and criteria should be clarified.
Examples of Trouble with Sublease Contracts and Countermeasures
Troubles related to sublease contracts are increasing year by year, and the Consumer Affairs Agency and the National Consumer Affairs Center receive many consultations. This section describes major examples of problems and their countermeasures.
Trouble of rent reduction
The most common problem is a case in which the rent is unilaterally reduced from the originally promised amount. Many sublease contracts include clauses that allow the sublessor company to reduce the rent for reasons such as changes in economic conditions or fluctuations in rents in the surrounding area.
Examples
Mr. A decided to construct an apartment and sign a sublease contract with sublessor B, who explained that the company would guarantee the rent for 30 years. However, five years later, B notified her that the rent would be reduced to 80% of the original rent because "the market rent in the surrounding area had fallen.
Countermeasures
1.Before signing a contract, be sure to confirm the existence and content of the clause on rent reduction.
2.If conditions or criteria for rent reduction are unclear, seek clarification.
3.If there is a discrepancy between the explanation of the rent guarantee and the contents of the contract, confirm it in writing.
4.If necessary, seek advice from a lawyer or other expert.
Troubles concerning contract cancellation
Since sublease contracts are generally long-term contracts and often have high penalties for mid-term termination, there are also problems related to contract termination.
Examples
Mr. C signed a 20-year contract with sublessor D. After 5 years, he wanted to sell the property and proposed to terminate the contract. However, D demanded that he pay 50% of the rent for the remaining period as a penalty. Calculations show that the penalty is approximately 20 million yen, and Mr. C is wondering whether he should accept the payment.
Countermeasures
1.Before signing a contract, confirm the conditions for early termination and the method of calculating the penalty payment.
2.If the penalty fee is high, explore the possibility of negotiating a reduction or paying in installments.
3.If the penalty fee stated in the contract exceeds the "average damages," it may be reduced in accordance with the Consumer Contract Act.
4.Consult with an attorney or other specialist and consider appropriate measures
Trouble concerning the burden of repair expenses
There are many cases where trouble arises due to unclear classification of the burden of repair expenses for a property.
Examples
Ten years have passed since Mr. E concluded a contract with a sublessor company F. Recently, air conditioners have been breaking down one after another. Recently, air conditioners have been breaking down one after another, and Ms. E requested F to pay for repairs, but F refused on the grounds that "the owner bears the burden of updating the equipment. Upon checking the contract, the classification of the burden of repair expenses was ambiguously stated.
Countermeasures
1.Clarify the division of burden of repair expenses before signing the contract.
2.Make specific arrangements for equipment renewal and large-scale repairs, which tend to be particularly expensive.
3.Keep a record of repair history and costs.
4.Regularly check the condition of the property and make necessary repairs in a timely manner.
Major Trouble Cases and Countermeasures
The following table summarizes major troubles in sublease contracts and their countermeasures.
| Trouble Cases |
Contents |
Countermeasures |
| Rent Reduction Trouble |
Initially promised rent is unilaterally reduced |
Check the rent reduction clause, clarify the conditions and criteria for rent reduction, and confirm the consistency between the explanation and the contract. |
| Contract cancellation problems |
High penalty fee is charged for early termination of contract. |
Confirm conditions for early termination and calculation method of penalty, negotiate reduction of penalty, consult a specialist. |
| Repair cost burden troubles |
Dispute over unclear division of repair cost burden |
Clarify the division of burdens, make arrangements for facility renewal and large-scale repairs, record repair history. |
| Trouble over refusal to renew |
Contract renewal is refused. |
Confirm renewal conditions, limit reasons for refusal of renewal, confirm application of the Land and House Lease Law. |
| Failure to manage the property |
Property value declines due to lack of proper management |
Clarify the scope and level of management tasks, check properties regularly, set reporting requirements |
| Tenant complaint problems |
Inadequate response to tenant complaints |
Clarification of the scope of responsibility for handling complaints, reporting obligation on the status of response, emergency contact system |
How to Select a Sublease Contract
When considering a sublease contract, it is extremely important to select a sublessor company and confirm the details of the contract. This section explains how to select a sublease contract.
Sublease Company Selection Criteria
When selecting a sublessor, it is important to confirm the following points:
1. reliability and track record of the company
Confirm basic information about the sublessor company, such as the number of years the company has been in business, its capital, and the number of units under management. Since the contractual relationship will continue over the long term, stability and continuity of the company are important factors. It is also advisable to investigate past cases of trouble and the company's reputation.
2. whether or not the company is registered as a rental housing management company
Starting in June 2021, rental housing managers above a certain size are required to register with the Ministry of Land, Infrastructure, Transport and Tourism. Registration is an important factor in determining whether or not a company is registered, as registered companies are required to meet certain standards.
3. management experience and know-how
Check whether the company has experience in managing properties similar to the subject property and whether it has management know-how in the area. In particular, the ability to recruit tenants and manage the property will greatly affect the profitability of the property.
4. financial condition
A sublessor's financial condition directly affects its ability to guarantee rent over the long term. If possible, check the financial statements to determine if the company is in a stable financial condition.
Points to check on the contents of the contract
When concluding a sublease contract, pay particular attention to the following points:
1. terms of the rent guarantee
Clearly confirm the amount of guaranteed rent, the guarantee period, and the conditions for review. In particular, if the conditions or criteria for rent reduction are unclear, it is important to ask for specific figures and circumstances to be clearly stated.
2. contract term and mid-term termination conditions
Confirm the length of the contract and the conditions for early termination, including whether or not there is a penalty and the amount of the penalty. If the penalty fee is set at a high amount, it is necessary to consider whether there is room for negotiation.
3) Classification of Maintenance and Repair Expenses
Clarify the division of expenses for maintenance and repair of the property. In particular, it is important to agree in advance on expensive expenses for large-scale repairs and facility upgrades.
4. conditions for contract renewal
Confirm the conditions for contract renewal (existence and amount of renewal fees, possibility of rent review at the time of renewal, etc.). If there is a possibility that rent will be reduced at the time of renewal, the conditions and criteria should be clarified.
Conditions that should be negotiated
Sublease contracts do not necessarily require acceptance of the terms and conditions as presented. The following points are negotiable:
1. the amount of the guaranteed rent
Generally, 80-90% of the market rent, but depending on the property's location, condition, and competition, it may be possible to negotiate a higher guarantee rate.
2. clarification of rent reduction clause
By requesting that the conditions and criteria for rent reduction be clearly stated in detail, future problems can be prevented. For example, it is advisable to set a specific figure such as "when the market rent in the surrounding area declines by more than X%.
3. penalty for early termination
If the amount of the penalty fee is high, consider negotiating a reduction or proposing a tiered set-up (the longer the contract period, the lower the penalty fee).
4. classification of repair cost burden
It is possible to negotiate the division of the burden of repair costs, taking into consideration the condition of the property and the age of the building. In particular, consider negotiating with the sublessor company to bear the burden of repairs due to aging deterioration of facilities.
Consultation with specialists
Since sublease contracts are complex and involve specialized content, it is advisable to consult with an attorney, real estate consultant, or other expert before signing the contract. Expert advice is particularly useful in the following cases
-When the contract is complex and difficult to understand
-When there are concerns about the terms of the rent guarantee or the reduction clause
-Whenthere is a high penalty fee
- When the division of repair expenses is unclear
- When you are considering signing a contract with a sublessor with whom you have experienced troubles in the past.
Checklist for Selecting a Sublease Company
The following table is a checklist for selecting a sublessor company.
| Check Item |
Points to be checked |
| Basic information on the company |
Number of years established, capital, number of employees, number of units managed |
| Registration as a rental housing management company |
Whether registered or not, registration number |
| Track record of management |
Track record of managing properties similar to the subject property, track record in the area |
| Financial Status |
Contents of financial statements, stability of management |
| Rent guarantee conditions |
Amount of guaranteed rent, guarantee period, and conditions for review |
| Contract term and mid-term cancellation conditions |
Contract period, existence and amount of penalties, notice period for termination |
| Classification of maintenance and repair expenses to be borne |
Classification of burdens for routine repairs, major repairs, and facility renewal |
| Conditions for contract renewal |
Existence or non-existence and amount of renewal fee, possibility of rent review at the time of renewal |
| Trouble handling system |
Response to tenant complaints and emergency response system |
| Disclosure of information |
Frequency and content of reports on occupancy and income/expense status |
Summary
While sublease contracts bring benefits to property owners in the form of stable rental income and reduced management hassles, there are also disadvantages such as limited profitability and the risk of changes in contract terms. Based on the information explained in this article, we recommend that you consider the following points with particular attention.
Summary of key points of sublease contracts
1.Understand the essence of a sublease contract: A sublease contract is a lease agreement between a property owner and a sublessor company, in which the sublessor company subleases the property to tenants. It is important to understand that this is a transaction in which a cap is set on the amount of income in exchange for a stable income.
2.Be aware of the tightening of laws and regulations: With the enforcement of the Rental Housing Management Business Law in 2020, regulations on the sublease business have been tightened. Systems have been put in place to protect owners, such as prohibiting exaggerated advertisements and requiring explanations of important matters.
3.Compare and consider the advantages and disadvantages: Consider the advantages of rent guarantees and reduced management tasks, and the disadvantages of limited profitability and risk of changes in contract terms, in light of your own situation and priorities.
4.Learn from troubleshooting cases: It is important to confirm and negotiate the contents of the contract by referring to troubleshooting cases such as rent reduction, contract cancellation, and burden of repair costs.
Points to keep in mind when considering a contract
1.Select a sublessor company carefully: Select a partner with whom you can build a long-term relationship based on a comprehensive assessment of the company's reliability, track record, financial condition, and other factors.
2.Confirm the details of the contract: Confirm in detail important contract terms and conditions, such as rent guarantee terms, contract term, mid-term cancellation terms, and the division of repair costs, and negotiate as necessary.
3.Get professional advice: Before signing a contract, it is advisable to consult a lawyer, real estate consultant, or other professional to evaluate the appropriateness of the contract terms and potential risks.
4.Prepare for future risks: It is important to consider financial planning and exit strategies in anticipation of rent reductions, changes in contract terms, and other risks.
Next Action
If you are considering a sublease contract, we recommend that you proceed with the following steps:
1.Receive proposals from multiple sublessors and compare terms and conditions.
2.Confirm the details of the contract and identify any uncertainties or concerns.
3.Consult with experts and receive advice as necessary.
4.Negotiate the terms of the contract to obtain more favorable terms.
5.Make a final decision and conclude the contract
We, INA&Associates Inc., provide real estate owners with advice on rental management, including sublease agreements. Please feel free to contact us if you have any questions or concerns. Our experienced and professional staff will propose the best rental management methods.
Frequently Asked Questions
Q1: Can I cancel the sublease contract?
A1: As a general rule, sublease contracts are restricted in terms of cancellation during the contract period, but it is possible to terminate the contract in accordance with the terms and conditions stipulated in the contract. However, in most cases, a penalty fee will be charged for early termination. The amount of the penalty is usually calculated based on the remaining contract period and monthly rent. If you are considering cancelling your contract, we recommend that you check the cancellation clause in the contract and consult a specialist if necessary.
Q2: Is the rent guarantee secure for the future?
A2: Many sublease agreements include clauses that allow the sublessor company to reduce the rent due to changes in economic conditions or fluctuations in the surrounding rent market. Therefore, rents are not guaranteed in the future, and although sublessors are obliged to explain the possibility of rent fluctuation before signing the contract due to the enforcement of the Rental Housing Management Business Law in 2020, it is important to understand that rents may be reduced depending on the terms and conditions.
Q3: Which is better, a sublease contract or a management contract?
A3: Which is better depends on the owner's situation and priorities. A sublease agreement has the advantage of stable rental income and less management work, but has the disadvantage of limited profitability and the risk of changes to the terms of the agreement. A management contract is more flexible with no limit on profitability, while the owner bears the vacancy risk. A sublease contract may be suitable for you if any of the following conditions apply
-Wevalue stable rental income.
-Want to minimize the management hassle.
-Own property in a distant location.
- Busy with their day job and cannot spend much time on rental management.
- Have little experience in rental management
On the other hand, if any of the following conditions apply to you, a management contract may be suitable
-Want to maximize profitability
- Want to have a certain level of involvement in the management of the property
-Want contract flexibility
-Own a property in a good location with low vacancy risk
Q4: What is the typical length of a sublease contract?
A4: The standard term of a sublease contract is 10 to 30 years. Especially for newly constructed properties, it is common to have a long-term contract of 20 to 30 years, depending on the useful life of the building and the financing period. Longer contract terms can be expected to provide more stable rental income, but also have the disadvantage of reduced flexibility and the risk of changes in contract terms. It is important to consider the contract term in light of the property's condition and future plans.
Q5: Can the rent increase in the future under a sublease contract?
A5: In a sublease agreement, there is a possibility that rents may increase in the future, but this is generally rare. Many sublease agreements have clauses that reduce rent, but do not clearly stipulate an increase in rent. However, depending on the terms of the contract, it may be possible to negotiate an increase in rent if the market rent in the surrounding area increases significantly or if major renovations are made. We recommend that you confirm the details of the rent review terms before signing the contract and negotiate the possibility of an increase, if necessary.
Reference Information
Detailed information on sublease contracts can also be found on the websites of the following public agencies and related organizations:
5.Japan Rental Housing Management Association An industry organization of rental housing managers. Information on rental housing management, including sublease contracts, and a search of member companies are available.
We recommend that you refer to these sources of information to gain a better understanding of sublease contracts and make appropriate decisions. In addition, consulting with a specialist regarding the specific details and conditions of the contract will help you to proceed with rental management with greater peace of mind.
Please feel free to contact INA & Associates, Inc. for consultation regarding real estate management. Our experienced and professional staff will propose the best rental management methods.