Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

21
Posts
13
Votes
Mitchel Johnson
  • New to Real Estate
  • Washington DC
13
Votes |
21
Posts

New Landlord - Any recommendations for the lease?

Mitchel Johnson
  • New to Real Estate
  • Washington DC
Posted

Hi all, my gf and I are currently in the process of closing on our first investment property in DC. It is a row home with an english basement and a 3 bedroom house. We will be living in the basement and renting out the home.  

We have begun creating our lease and trying to get everything set up to rent the home right after we close.  What are some recommendations of things we need to include in the lease?  And what are you alls favorite or best ways to screen tenants?

Thanks!

Most Popular Reply

User Stats

19
Posts
8
Votes
Marina Sorbie
  • Realtor
  • Washington DC
8
Votes |
19
Posts
Marina Sorbie
  • Realtor
  • Washington DC
Replied

Congrats on the new investment property! To stay safe in DC, you absolutely need your Basic Business License (BBL) and a lease that includes the DC Tenant Bill of Rights, Lead Disclosure, and your Rent Control Exemption status. Screening is the whole game in DC, as the laws are incredibly specific to protect tenants, so when screening make sure you are following the Fair Chance in Renting Act, which generally prohibits denying applicants for evictions older than 3 years or criminal history older than 7, caps application fees at $53, requires you to accept housing vouchers as valid income and you cannot deny based on credit score alone (you must review their whole history). For the best protection, use a third party service for screening, good luck! 

Loading replies...