Texas properties under TAA contract, I have a question.

Texas properties under TAA contract, I have a question.
A resident decides to rent a “rentable item” such as garage or carport mid term.
1. Do you add it to their lease?
2. If so, what is your process with adding it to the contract ? Addendum only or do you Revise 1st page of lease? If you do revise 1st page, do you add in the special provisions that lease has been revised, or no ?
3. Do you lease the rentable item on a month to month basis or is it now part of the contract for remaining term of lease?
I was always trained to do it one way, but our new management company does it another way.
Just would like to see what most companies actually do….
Thanks !

Hi there in yardi on the resident profile, there is add a rentable item. So we do that, and then that charge will hit their ledger that day. then if it is not part of your lease package, there is a minute lease amendment that you could find in Blue Moon. You can send it digital for them to sign, and then you can execute it Or you can have them sign a paper copy and upload it. And then what I like to do is make a memo in their account with the date of when they added the rentable item. And when their renewal comes up, then you could add it to the lease

The 8 page lease and the rentable item addendum. Adding a rentable item changes the rent in most of the softwares so you’ll need to correct the lease to reflect the added rentable item in the rent amount. We rent items mid month and charge a prorate. We also offer to allow the resident to wait until the first of the month if they would like. Saves them on cost but we can go ahead and get the paperwork out of the way.

I've seen this done a few ways. One being ...mid term packet and resign lease, all addendums and rentable item is locked in thru end of lease term. Two being ...rentable item addendum and may or may not allow MTM options. Garages and carports get really popular this time of year!

it's adds to the rent and updates the lease automatically. the dates are same as lease dates of apt on contract.

Just the addendum