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Updated about 7 years ago on . Most recent reply

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49
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7
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Brian Warren
  • Rental Property Investor
7
Votes |
49
Posts

Bulletproof lease agreement

Brian Warren
  • Rental Property Investor
Posted
Looking for advice on putting together a bulletproof lease agreement I can find basic cookie cutter leases and I know I can go to an attorney and have them write me one up but I want some perspective on setting myself up to prevent as many unforseen issues as possible. Thanks in advance

Most Popular Reply

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843
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Nik Moushon
  • Architect
  • Wenatchee, WA
905
Votes |
843
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Nik Moushon
  • Architect
  • Wenatchee, WA
Replied

I technically  had a month-to-month lease that had a 6 and 12 month clause in it. If I where to leave before 6 months there was a penalty/fine and same if I broke it before the 12th month. The later was a larger penalty. After that it was strictly MtM lease with no penalties for leaving. Basically it was ensuring at least a 12 month tenant while providing the owner the benefits of a MtM. 

As a tenant I hated it because I bought a house and needed to move out before the 12th month but what ever.

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