Land lording & Leases in Rhode Island

3 Replies

Hey bp, my girlfriend and I have just bought a duplex and we're really excited to finally get started in our journey of investing in real estate. I'd like to know if there is any advise out there on things to include in our lease going forward. Thanks in advance. 

Jerrel, if you used a real estate agent to buy the house, s/he may be able to let you use the RI Association of Realtors lease which is probably OK and fair enough to all parties, and will definitely comply with RI law.

You might also consider attending an upcoming "introduction to landlording" event being held by the RI Real Estate Investors Group on November 18th. I know each of the 3 presenters and they are all active property managers who know their stuff.

If you aren't able to attend that event or don't want to / can't use the RIAR lease for some reason, I honestly think your next best bet is to pay an attorney who actively does evictions for a lease that s/he recommends. If this is the route you want to take, and you don't know any such attorneys, PM me and I can give you a couple of names.

I hope this helps, and congratulations on your purchase and getting starting on your journey!

@Jerrel Almeida Congrats on you 2-Family purchase!

As always, great advice from @Anthony Thompson . Your best resource will be to either leverage a lease used by your Realtor or to network with an attorney. 

I'd also be willing to share a copy of the lease I use. If you would find that helpful please send me a PM.

Thank you Anthony and Jim for your help. I will take your advice and contact my realtor to see if he can help me with the lease.

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