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The Complete Guide To Forming A Cash For Keys Agreement With A Tenant

Today we will be talking about the cash for keys agreement! Make sure to check out DoorLoop today: https://go.doorloop.com/free-demo-cas... As a landlord or property manager, there are many times when you must deal with unforeseen circumstances within your rental property. Sometimes, this could mean evicting the tenant, which is something the property owners try to avoid as much as possible. However, there is an alternative for rental property owners. This is called a "cash for keys" agreement. In simple terms, a cash-for-keys agreement is when a property owner or landlord offers the tenant money to move out of the property. Although it sounds simple, it could get complicated. If you are not sure about how cash for keys works and want to find out, you've come to the right place. In this guide, we will be going over how to use this kind of agreement as well as how it can be beneficial to both the landlord and the tenant. Learn more here: https://go.doorloop.com/cash-for-keys... 0:00 Welcome 0:14 What is a Cash For Keys Agreement? 0:58 Cash For Keys vs. Eviction 1:49 The Process Of A Cash For Keys Agreement 2:03 Confront the Tenant 2:32 Explain Cash For Keys to the Tenant 3:14 Getting the Agreement in Writing 4:00 Move-Out Day 4:34 Potential Issues With A Cash For Keys Agreement 4:36 Tenant Refuses To Move Out 5:12 Self-Help Eviction 5:46 Problems With Negotiation 6:06 Tenant's Security Deposit Our social Media: IG:   / doorloopapp   TikTok:   / doorloopapp   Facebook:   / doorloopapp   LinkedIn:   / doorloop   Twitter:   / doorloopapp   #propertymanagement #propertymanagementaccounting #propertymanagementsoftware Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company. Category: Property Management