What are some key criteria for lease agreement?

Question

I asked in another post about getting a lawyer and was told to save money and to know my renter/landlord laws and be specific about what I put in my lease agreement.

What are some key components you guys include in your lease agreements?

Thank you for the time.

-New guy Bill

Nathan Gesner · Answer

Don't reinvent the wheel. BiggerPockets sells a Lease Agreement Package for $100 that is better than whatever you'll put together from scratch. They are written by investors, attorney approved for each state. You can edit each document to fit your personal style.

Look under TOOLS at the top of your screen.

Melanie Thomas · Answer

As the years go by and you run into unique situations or things come up that are not addressed in what your using at the time. Jot them down, hire and attorney and create your own documents. We have been using a custom leases for years and LOVE it! Good luck, happy investing!

Jason Maguire · Answer

I can also attest to what @Nathan G. said. I have been using the BP Leases for a few years now & have never had any issues.

There are certain things I have added throughout through the years, but those leases are definitely a solid start. If you become a Pro member there are also a lot of other forms including rental applications, pay or vacate notices, estoppel agreements, the list goes on.... in my eyes it's a solid investment to give you the tools to succeed right off the rip.

Good luck man

William Bentley · Answer

I like it. lol. Rather just paid the $100 and be done with it. Thank you.

What are some key criteria for lease agreement?

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