Tenant Placement Service in North Dakota
Tenant placement is the leasing side of property management: pricing the rental, advertising it, showing it, screening applicants, and signing the lease. At New Horizon Property Management, tenant placement is part of our full-service management for rentals in Jamestown, Bismarck, Minot, and other North Dakota cities.
What tenant placement covers
A rent recommendation based on comparable local rentals, listing photos and online advertising, showings, a written application, screening with credit, income, and background checks, a North Dakota lease, collection of the security deposit and first month's rent, and a signed move-in condition statement.
North Dakota rules that apply at move-in
A security deposit generally cannot exceed one month's rent, with higher limits in a few situations set out in the statute, and it must be held in a federally insured interest-bearing account (NDCC 47-16-07.1). The landlord must also give the tenant a written statement describing the condition of the unit at the start of the lease, signed by both parties (NDCC 47-16-07.2). Screening criteria have to be applied the same way to every applicant under fair housing law.
Placement only, or full management?
Placement fills the unit. Management handles everything after move-in, including rent collection, maintenance, renewals, and lease enforcement. Owners who live nearby and have the time sometimes want placement only. If that's what you need, contact us and we'll tell you what we can offer for your property.
Common questions
How long does it take to place a tenant?
It depends on the season, the rent, and the condition of the home. Rentals priced to the local market and ready to show fill fastest, and winter listings in North Dakota usually take longer than summer ones.
How do you screen tenants?
Every applicant completes a written application and is screened for credit, income, and background, using the same criteria for everyone.
What is the maximum security deposit in North Dakota?
Generally one month's rent. The statute allows up to two months' rent in limited cases and a separate pet deposit (NDCC 47-16-07.1).
Related: North Dakota Security Deposit Law | Single Family Home Management | Apartment Complex Management | Owner Services
