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Renters Warehouse assists clients with renting and/or managing their residential rental real estate. [10] [22] The company also provides residential property management services [11] and offers franchise opportunities. [2] In 2014, Renters Warehouse launched RW Realty and announced a partnership with the Minnesota Twins. [23] [24]
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Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it. [1] Sometimes property developers will only undertake part of the process.
Renting, also known as hiring [1] or letting, [2] is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord.