Are you sure it is not an eighteen month lease, because as I illustrated, the math based on that is perfect.
The lease is for 12 months. I wrote it. Renters signed it.
Did some digging and found their forms on a different website.
They take a 15% fee! GASP!!!
"15% of the first years annual rent for a rental of one (1) year or more"
My guess is broker and agent split it and thus can say they take 7.5%.
So the tenant's actual rent is 5,405 and not 4,700. Insane!
I never thought to look at the fees the renters have to pay. Everyone says the cap is 10%. Wow what a lesson. Now I'll know how to pick an agent. I'm in shock.