Creating a lease agreement
Hello my name is Robert I recently purchased a home to rent out I am at the final stages of repair and have red multiple books including some from Brandon Turner and I am looking at creating a lease agreement and I am looking for some advice on the best way to do that the ezlandlords.com has some options and I also saw some on the bigger pockets free landlord forms I am trying to get feedback on someone that has created lease agreements and what works best thank you
- Investor
- Shelton, WA
- 6,731
- Votes |
- 6,490
- Posts
@Robert Medina Congrats on taking action! You can buy a template for your state here on BP. You can join a LL association local to you and get it there and network with others. Both will work equally well I would think.
Hi. If you have an agent in your area you know you can also ask them for a lease. If you want to add anything you can amend it to add the items you want to add. There is usually an additional covenants/comments area.
Thank you so much for the replies. I will definitely use the advice. I do have one more question. As far as posting the property for rent is there a best option? I see sites like Zillow manager and avail also offer background checks and ways to pay rent. Anyone have any experience with these?
Quote from @Robert Medina:
Hello my name is Robert I recently purchased a home to rent out I am at the final stages of repair and have red multiple books including some from Brandon Turner and I am looking at creating a lease agreement and I am looking for some advice on the best way to do that the ezlandlords.com has some options and I also saw some on the bigger pockets free landlord forms I am trying to get feedback on someone that has created lease agreements and what works best thank you
Don't reinvent the wheel. Biggerpockets sells a Lease Agreement Package under "TOOLS" at the top of your screen. $100 for a lease and several other documents, written by investors and attorney approved for your state. It's better than what you'll get from most attorneys and what you'll find on the internet.
@Robert Medina I would definitely recommend BiggerPockets lease agreement packs, or contact your local landlord association for a lease template that you can use.
Ok awesome. I did receive quite a few documents with the purchase of some Brandon turner books. Like rental application, move in /move out, addendums, lease template etc… are those the same as the package?