Below is a breakdown of how the process works for the South Lake Tahoe Lease to Locals Incentive Program when securing your own tenants. Please read this closely. It is important you take each of these steps to qualify for the grant program.
We offer an optional listing and screening service to do this for you, for a one-time tenant placement fee of 50% of one month’s rent. Let your Placemate contact know if you’d like to get started with this option.
South Lake Tahoe Lease to Locals Details
South Lake Tahoe Lease to Locals Processing Steps
Here is some language you can put in your property listing, and a draft lease agreement for you to use if you choose. You are welcome to market your property as you please and use any lease agreement, so long as your tenants and lease meet program qualifications.
Draft Listing Language
The owner of this property is participating in the South Lake Tahoe Lease to Locals Program aimed at unlocking existing homes for local employee needs. As such, only tenants that meet the following qualifications will be considered for this home:
1) Work for an Employer in the Region — At least 50% of the adults in the household (related or unrelated) must work at least 20 hours per week, for an employer located in the geographic boundaries of the South Shore.
2) Each tenant’s annual income can not exceed $79,688. For households with multiple adults, you can take the average of the household’s gross income, which cannot exceed $79,688 per person per year.
Placemate can not legally prepare your lease for you. However, we have worked with local Truckee legal firm MOBO Law, to create a Tahoe-specific lease template you can use.
Click here to view and download the lease template and to see instructions on how to complete the lease template.