What Are The Pros and Cons of Leasing to Military Tenants?

What Are The Pros and Cons of Leasing to Military Tenants?

 

Leasing to military tenants can be an excellent option for landlords, but there are also some potential drawbacks. Here are some of the pros and cons of leasing to military tenants:

Pros:

1. Consistent rent payments: Military tenants often have a steady income source and a reliable payment system, meaning they are more likely to pay rent on time.
2. Longer leases: Military tenants often receive orders to serve for several years in one location, making them more likely to sign longer lease agreements, which can help provide landlords with a stable income source.
3. Low turnover: Military tenants may be less likely to move frequently due to the cost and hassle of relocation, which can help reduce the costs and time associated with finding new tenants.
4. Lower risk of property damage: Military tenants are often well-trained in proper property care, which may lead to a lower risk of property damage.

Cons:

1. Frequent deployments: Military tenants can be deployed to serve in other locations at any time, which may leave the property vacant for extended periods or cause disruptions in the lease agreement.
2. Unpredictable rental periods: Because of the possibility of deployment, military tenants may need to break their lease agreement earlier than expected, leaving landlords with unexpected vacancies.
3. More stringent lease agreements: Military tenants may be subject to stricter lease agreement terms and regulations, such as adherence to noise levels, because of their housing allowances.
4. Potential for damage due to military training: Depending on the tenant’s branch of service, there may be the possibility of property damage due to military training exercises.

Overall, leasing to military tenants can be a positive experience for landlords, but it’s essential to carefully consider the potential pros and cons before making a decision. Landlords should always review lease agreements and consult with legal and financial advisors to ensure they’re making an informed decision suitable for their specific needs and circumstances.

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