Create Your Own Lease?
Whether you create your own lease, use a state-specific template or have your legal team draft a lease, there are some key items that should be included.
The lease agreement is what contractually connects a tenant to one of your rental properties. The lease outlines the expectations and rules of this relationship, no matter the length of time.
You may already have all these bullet points plus some in your current lease. Consider reviewing your leases and tweak as needed.
Tenant Demographics & The Basics
As property managers, it’s up to you to make sure this information is accurate. This includes your company information, tenant’s information such as contact phone #s and your property information and description.
Include and confirm the lease terms, start date, end date, rent increases etc. Specify the due dates on all charges and clearly define the late fee policies.
Other Occupants
Be sure to detail any other occupants that the tenant plans to have lived with them.
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