How long is your SFH lease? Am I overthinking this?
Thanks to all the wonderful advice I have found by lurking around on BP for the last few months we are now under contract for our first rental property! It's a 3/1 SFH and we should be closing within the next 2 weeks.
Now I am working on a tenant package starting with the lease and after reviewing forms on BP, reading forums and going through forms I have from my work as a legal VA I may be over thinking this. Working in the legal field I see liability everywhere. Of course, I will have the documents reviewed by a local attorney, but was wondering how long is your typical lease?
My first draft was 12 pages which seems ridiculous for a residential lease. I now have it down to 7 pages. I have friends who are renters who say their leases are 1-2 pages long and I don't see how you can possible cover everything in 2 pages (my list of tenant rules and responsiblities is almost a whole page).
So, how long are your leases? Any suggestions? I appreciate any advice you may have.