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Updated over 3 years ago on . Most recent reply

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Michael Austin
  • Rental Property Investor
  • Richmond Virginia
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ISO Air Tight Lease Agreement for Virginia

Michael Austin
  • Rental Property Investor
  • Richmond Virginia
Posted

Hello!!  
l am a new buy and hold investor and we just closed on our first property. I’m looking for the best VIrginia approved lease agreement that I can find.  And any nuggets of wisdom from you veterans.

This is a 3/1.5 townhouse in a rural area. No HOA. Cash flowing rental with tenant in place, with the bulk of a 1 year lease through section 8 that we will be honoring.

Thanks in advance 

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Linda S.
  • Investor
  • Richmond, VA
2,347
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Linda S.
  • Investor
  • Richmond, VA
Replied

https://get.biggerpockets.com/...

Congratulations on your first rental! You can get one through BP specific to VA, or you can go through a lawyer. It's worth it to get a good lease, and it's important to cover things like pest control, plumbing issues, renters insurance, pet policies, etc. The more details you can put in IMO the better, and make sure everything is crystal clear with the tenant too so they know expectations. If it's section 8 it has to be a 1 year lease, but if it's not-- absolutely do month to month leases!

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