Stirling Gardner (The Hollywood Landlord) is a writer and property management expert. He consults for EZ Landlord Forms and loves it. EZLandlordForms.com has your state's specific residential lease agreement, free rental applications as well as every other landlord form you could ever need.
Signing the Residential Lease Agreement.
An excellent residential lease agreement outlines specifically what is demanded from your occupant securing that they treat the house as though it is their own.
If convenient, the residential lease agreement should be explained to the tenant in person. It has more meaning that way. After all, the residential lease agreement is an blueprint for the landlord-tenant relationship for your rental property.
Before turning over a cherished asset for a mere one month security deposit, ensure the renters understand and agree to all of your conditions. You'd be taken aback at how many persons are so eager idea of what these persons will be like as occupants by how they respond to the terms in your lease.
Things to ask yourself:
What does it tell you if the prospective occupant has a giant objection with your late fee terms? Precisely, he is going to pay late and expect it.
What if the potential tenant bitches about being liable for minor damages?
Or gives you grief over the cleaning charge?
What if they have a complaint about a fee for unauthorized roommates?
What if they have a complaint about with the default of payment terms in your lease, which details your rights to evict for nonpayment of rent?
You can no doubt gather a ton about a prospective tenant when you sign the residential lease agreement.
Keep in mind, the residential lease agreement is not intended as a weapon, it is a means to insulate yourself as a property manager and your rental home from occupants without scruples and will take you far in delaying difficult situations.
Make sure you protect yourself with a state specific and legal residential lease agreement.
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