Late fees
All applicable late fees outlined in the Residential Lease contract are considered payable to Wakefield Realtors as compensation for collection efforts.  Once the tenant has submitted payment, we will deduct late fees and forward the regular rental amount to you.

Inspections
We will conduct an initial take-over inspection on all new properties.  Occupied properties will then be inspected yearly before the contract is renewed and a special inspection will be performed in the event of any suspected activity that is in violation of the Lease.  Vacant properties will be inspected prior to the new tenant’s move-in and again 30-45 days from the time of move in as a follow-up.  All properties are inspected upon tenant move-out. 

Yearly Renewal Amount
At the expiration of your tenant’s Residential Lease, we will compile data from all departments before approving the contract renewal and setting the new rental amount.  Information considered in this determination includes but is not limited to:
     
      Comprehensive Market Analysis
      Taxation Over the Past year
      Maintenance Issues
      Tenant Payment History
      Inspection of Housekeeping and Care for the Home
      Tenant Performance

Application Process
Wakefield Realtors uses a numeric scoring process to determine the eligibility of applicants.  This process will add and deduct points from the applicants score based on the items below.
     
      Items that will add points

• Stable Job History
• Good Income to Rent Ratio                                      
• Good Credit History                         
• Good Rental or Mortgage History                              

      Items that will deduct points

• Bad Credit History                                                   
• Bad/No Rental or Mortgage History                           
• Criminal History                                                      
• Bankruptcy, Judgment or Foreclosure

Our policy is to lease to the first person that has submitted an approved application and the complete security deposit.  If the final score falls below what is required to be approved, we will consult with you to determine if you would like to accept, reject, or require an additional deposit or guarantor.

Vacant Fees
While your home is vacant, there will not be any management or other fees charged to your account unless otherwise agreed on during the execution of your Management Agreement.