Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

76
Posts
30
Votes
Lisa Ryan
  • Investor
  • Charlotte, NC
30
Votes |
76
Posts

Lease terms

Lisa Ryan
  • Investor
  • Charlotte, NC
Posted

I know that I need to speak to a lawyer, but I was wondering what some lease terms are that you're either grateful you have in your lease or wish that you had included. Also, what are the standard penalties for breaking a lease? Thanks!

Most Popular Reply

User Stats

2,195
Posts
1,027
Votes
Aly W.
  • Investor
  • Middletown, NJ
1,027
Votes |
2,195
Posts
Aly W.
  • Investor
  • Middletown, NJ
Replied

I only use leases prepared by my attorneys in the 2 states we have rentals...the attorneys will be defending them in an eviction, and you want to make sure the terms are legal and up to date. Often tenants get free legal aid in an eviction; you likely won't. Spend a little up front or a lot later.

  • Aly W.
  • Loading replies...