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Updated over 4 years ago on . Most recent reply

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Shane Siebenthall
  • Rental Property Investor
  • Grass Valley, CA
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Rental agreement help for first timer property owner

Shane Siebenthall
  • Rental Property Investor
  • Grass Valley, CA
Posted

Im 21 years old and just got pre approved for my first rental property in the Sacramento Ca area. I will be renting out per room/person to some friends and would like to see some examples of rental agreements I can go off of. Although they are friends I want to make sure my *** is covered and nothing slips through the cracks. Eventually I would like to rent this to a single family so I would also like to see a rental agreement to cover that as well. I've been learning a lot on sites like this and YouTube but if any of you lovely gentleman/woman want to take a young, hard working, determined kid under their wing and teach me a thing or two I would greatly appreciate it. Thanks in advanced!

  • Shane Siebenthall
  • Most Popular Reply

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    Christina Fleet
    • Folsom, CA
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    Christina Fleet
    • Folsom, CA
    Replied

    @Shane Siebenthall I rent out my rooms to tenants/roommates. I read through the lease from rocket lawyer for CA. It is supposedly accurate for the state. But I would check with someone to be safe. One thing I found to be important in the agreement is that the “premise” they are renting is different from the “property.” So for example they are renting their room and a parking space. They have access to other parts of the house, but the rest isn’t theirs to take over. I had tenants take up my entire garage with their stuff and was able to tell them to get a storage unit because the garage isn’t what they’re paying to rent. (Plus I needed a parking space!) but it gives you more of a leg to stand on when juggling multiple people.

    So my tip is to make sure to detail what the “premise” is to protect you and the other roommates.

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