Leading Edge Property Management Contract Change Process

Adding a tenant to the lease:

1. The potential tenant should apply on our website

2. The current tenants should send their recent paystubs to care@leadingedgerealestate.info. The total income will be calculated for the application to ensure all tenants meet our rental criteria. 

3. If the application meets our rental criteria, we will approve the application.

4. Once approved, a contract change form needs to be signed by vacating tenants, remaining tenants, and add-on tenants. 

5. Once the form is signed, an admin fee of $200 will be charged to the tenants’ ledger. It is up to the tenants to decide who will pay the fee or how it will be split. 

6. The new tenant will be added to our system and will receive an email to create a tenant portal account. 

Removing a tenant from a lease:

1. The remaining tenants will need to send their recent paystubs to care@leadingedgerealestate.info. The paystubs will need to be reviewed to ensure they meet the rental criteria. If the rental criteria are not met, an additional tenant can be added on by completing the application process. 

2. If the remaining tenants still meet the criteria, a contract change form will need to be signed by the remaining tenants and the vacating tenants. 

3. Once the form is signed, an admin fee of $200 will be added to the tenants’ ledger. It is up to the tenants to decide who will pay the fee or how it will be split. 

4. The tenant that has vacated will be removed from our system and will no longer receive communications regarding the property.

Please take note of the following important information:

• The contract change process must be completed for all tenants added or removed to the lease. If it is not done, any tenants not listed on the lease residing on the property is considered an unauthorized tenant.  

• Each time a contract change is completed, the admin fee of $200 will be charged. 

• Our leasing department should be notified before the change happens to prevent any delays in getting the required information and form signed by the time a tenant is added on/vacates. 

• The changes will not be done if any tenants have not signed the form. 

• If the remaining tenants did not qualify with their income for the property, a new tenant will need to apply that qualifies according to our rental criteria. 

• If the tenants are due to sign a new lease, the contract change process still needs to be completed. The process ensures that we keep accurate records of all changes that were made to leases. 

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