Newbie landlord: buy and hold lease

Newbie landlord: buy and hold lease

Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes

Hello. I am not sure if this is "REI ETIQUETTE" but I figured I would ask. I am a NEWBIE investor closing on a 4 plex at the end of the month in Mississippi and I have 2 inherited tenants (1 leaving and 1 I want to renew possibly) but I do not yet have a Solid Lease. Anyone in mississippi want to reach out and let me borrow or copy their lease and not rip my head off with $? DM me. Thanks

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  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    6y

    @Breelon Bryant if you don't come up with any volunteers here. Just key that into an internet search and you will be pleasantly surprised-and it is free.

  • Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
    6y

    @Bjorn Ahlblad in your opinion, do you think they are solid good leases though?

  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    6y

    @Breelon Bryant you might get a variety of opinions but the leases from 'eforms' are used by many LL. Also......doesn't your pro membership give you LL documents? I use the standard lease from my State LL Association. They provide a variety of support and services including lots of networking (when covid if not happening) for 55 bucks a year. You likely have something similar in your area. All the best!

  • Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
    6y

    @Bjorn Ahlblad i am a pro member but a month to month member and I think you have to have the annual subscription

    So what If I have an old lease from when I was renting last year and want to copy a lot of it but make a few small changes. Is that legal?

  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    6y

    @Breelon Bryant Some jurisdictions-Seattle, NYC. LA etc have made many changes. Some places change by the week it seems. I don't know about your area. Why don't you compare your lease from a year ago to what you come up with on eforms. Zillow has leases on their site too.

  • Investor · Jackson, MS · Member since 2014 · 1k+ posts · 769 votes
    6y

    I just use a computer disc with rental documents  I bought at Office Depot for my leases. 

  • Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
    6y

    @Susan Maneck how much did it cost? And is it state specific?

  • Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
    6y

    @Bjorn Ahlblad ill try that. Is it eforms.com?

    And is zillow lease free and state specific?

  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    6y

    @Breelon Bryant yes, eforms.com and there are a couple of others as well. The zillow leases are state specific and free as well.

  • Rental Property Investor · Jackson, MS · Member since 2020 · 156 posts · 41 votes
    6y

    @Bjorn Ahlblad thank you. I am going to try them out

  • Investor · Jackson, MS · Member since 2014 · 1k+ posts · 769 votes
    6y
    Originally posted by @Breelon Bryant:

    @Susan Maneck how much did it cost? And is it state specific?

     I think it was maybe $40. It wasn't state specific but Mississippi is pretty landlord friends. I think, for instance, they give you 45 days to return the deposit. 

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