Lease Contract To Close

Review Lease Agreement for Accuracy

Carefully review the lease agreement and all associated documents to ensure compliance with local leasing laws and that all terms are correct and in alignment with the parties' expectations.
Submit Documents for Compliance Approval

After reviewing the lease, promptly submit all necessary documents to the brokerage’s compliance department. This helps maintain legal standards and prevents any delays in the lease process.
Submit Commission Request (Disbursement Authorization)

Process and submit the commission request (Disbursement Authorization or DA) to ensure timely and accurate commission payout once the lease transaction closes.

Update Property Listing in MLS

Ensure the property listing is updated in the Multiple Listing Service (MLS) with the correct lease status, ensuring the information is accurate and visible to other agents and potential renters.
Provide Fully Executed Lease to All Parties

Once the lease is fully signed, distribute the executed lease to all relevant parties, including tenants, landlords, and agents. This keeps everyone informed and in sync.
Send Deposit Due Date Reminders

Send timely reminders to clients regarding security deposit due dates and any other upfront payments to ensure a smooth move-in process.