Owner leasing checklist

How to rent out your Miami condo: an owner’s checklist.

Before listing, establish what the building permits, what your property can reasonably compete for and who will handle each step. Use this checklist to turn an intended rental into a coordinated leasing plan.

Discuss My Leasing Plan

1. Define the owner’s objective and availability.

Record the intended lease length, desired start date, current occupancy and any planned personal use. If selling is also possible, discuss it before choosing a term. For an occupied property, bring the existing lease and amendments to the conversation before making access or availability commitments.

Prepare: the property address, ownership or representation details, your timeline and the main decision you need to make. The rent-or-sell guide helps if your plans are still open.

2. Confirm the rental requirements before promising a date.

Obtain the current association rules and application package. Ask about permitted terms, rental frequency or caps, any waiting period, required documents, fees, review schedule and move-in arrangements. A previous rental in the building does not establish that the same process applies today.

Check applicable local requirements for the exact address and proposed use separately from private association requirements. Do not infer permission for vacation rentals from a neighboring listing.

Prepare: a current set of requirements and a list of unresolved questions. Use the association checklist; ask the appropriate adviser to resolve legal questions.

3. Set the rental positioning and representation terms.

Review relevant completed leases, active competition and differences in layout, view, condition and terms. Agree on an asking strategy and how you will review feedback. Consider vacancy and carrying costs alongside the monthly figure.

Before marketing, agree on brokerage scope, fees, preparation expenses and who approves changes. A free estimate does not itself create a marketing assignment. See the rental pricing guide.

4. Prepare the unit and the listing information.

Clean the unit, address visible maintenance issues and check appliances. If furnished, document the inventory and condition of the items included. Confirm parking, storage, utilities, amenities and any restrictions relevant to the proposed rental.

Prepare: accurate property details, photographs, access arrangements and a written list of what is included. Coordinate photography and showings with current occupants and building requirements where applicable.

5. Market the property and review applications consistently.

Listing distribution and showing coordination follow the agreed brokerage service. Keep track of inquiries, showings, questions and application progress so decisions are based on evidence rather than listing views alone.

Use consistent, lawful application criteria established before marketing. Rental history, income documentation and relevant reports may inform the owner’s decision. Keep sensitive applicant information out of public forms or shared marketing materials. Read the tenant screening checklist; screening cannot guarantee future payment or conduct.

6. Coordinate proposed terms, the lease and association review.

Proposed terms should identify dates, rent, deposits, occupants, included items and any contingencies. Confirm the documents, required approvals, handling of funds and order of steps with the professionals handling the transaction.

The owner’s acceptance and an association’s approval are separate matters. Obtain the current review schedule and allow for missing documents. An application submission is not a promise that approval or move-in will occur on a specific date.

7. Complete the handover and define ongoing responsibilities.

Confirm required approvals, signed documents, funds and verified payment instructions before releasing access. Coordinate a documented walkthrough, photographs, inventory, keys, fobs, parking and any building reservations.

Prepare: a handover record and contact instructions for rent, repairs and urgent issues. Decide who handles these responsibilities during the tenancy. Leasing representation does not automatically include ongoing property management.

How long does the process take?

Preparation, marketing, negotiation, application review and move-in scheduling each affect the timeline. Condition, asking rent, competition, access and association requirements vary. Ask for a property-specific plan and identify dependencies before making commitments.

What this looks like in an owner’s leasing assignment

At Paramount Bay in Edgewater, Raphael represented the owners of two unfurnished condos, each leased for $6,800 per month. For an owner preparing a unit, the practical starting point is to compare recent leases in the building and account for layout, view, condition and what the rent includes. Read the Paramount Bay owner case study.

At Roney Palace in South Beach, Raphael represented an owner preparing a furnished residence for high-season showings. The condo was listed at $13,950 per month. He coordinated a cleaning crew to keep the home ready between visits — an example of how the preparation and showing steps work together. See the Roney Palace preparation case study.

For your condo, the plan begins with your objectives, availability and the property’s details. Review Raphael’s leasing service for Miami condo owners and, if you live outside the U.S., the remote-owner arrangements, then use the inquiry form to discuss the next steps.

Make the next step specific to your property.

Share the address, your relationship to the property, your timing and whether you want to rent, sell or compare both options.

Discuss My Leasing Plan

+1 (646) 717-3990 · raphael.sitruk@corcoran.com

Plan your next lease while your Miami condo is still occupied.