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ForumsArrowGeneral Landlording & Rental PropertiesArrowWhat to add to standard leases
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What to add to standard leases

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  • Posts 43
  • Votes 22

Brandon Baker
Rental Property Investor from Dallas, TX

posted about 2 months ago

Hello team, I'm sure this has been asked so I apologize, but I'd like to know what you guys are adding to leases beyond what the standard PM has? I want to make sure my PMs are adding all the goodies that allow me more flexibility as a landlord and protecting me. Any tips and tricks are greatly appreciated! 

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  • Posts 172
  • Votes 78

John T.
Rental Property Investor from Central U. S. A.

replied about 1 month ago

I've added some special provisions, such as:

Property Maintenance. Many tenants neglect to maintain the outside of the property in a good manner. I added some general property maintenance obligations,  such as keep and maintain the exterior of the dwelling, garage, all out buildings and component parts thereof clean and free of all foreign objects and substances, keep and maintain the driveway, sidewalks, walkways, porches, patios, garage floor and other surface areas clean and free of all foreign objects and substances, keep and maintain the roofs, gutters and downspouts clean and free of all foreign objects and substances, keep and maintain all plots of ground prepared for plants, including the plants grown in such plots, in an orderly, attractive, and healthy condition, keep and maintain all garage door remote controllers in good working order and, at the end of the lease, return all garage door remote controllers to Landlord, and supply and change the refrigerator water filter cartridge, if any, at least every six months or sooner if prompted to do so by the filter change indicator light on the refrigerator.  These are just the introduction to the special provisions.  I go on to described in excruciating detail what their duties entail.  Since this clause mandates certain specific duties for the Tenant, if they fail to perform such duties, I have no trouble deducting the cost from their Security Deposit at the end of the Lease.

Mandatory Renters Insurance. Require a personal liability limit in the amount of at least $300,000. 

There are certainly other special provisions that other Landlords use.  I hope they can share a few of their special provisions for you.

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  • Posts 43
  • Votes 22

Brandon Baker
Rental Property Investor from Dallas, TX

replied about 1 month ago

@John T. Thank you!

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Check Rosette Top Subject:
Team
  • Posts 102
  • Votes 60

Katrina Razavi
Rental Property Investor from San Francisco, CA

replied about 1 month ago

Renters insurance, pet fees and policies around pets and their responsibility to care for them, late payments and terms around that, ability (or not) to sublease or short-term rent the property are a few off the top of my head.

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  • Posts 128
  • Votes 47

Francis Louis Vogel Jr
Banker from Saint Clair Shores, MI

replied about 1 month ago
Add language about: long term visitors, auto's must be registered at the subject property address, land lord is co-insured, number of tenants and over night visitors, only tenant use of washer and dryers, noise rules, smoking pot in units, cultivation of anything, business operations in unit by the tenant, visitor parking, auto insurance, grilling and BBQing, sub leasing, snow removal policies, reimbursement for liens for police and first responders, entry to unit for inspections and repairs, ongoing due diligence and back ground checks of the tenant. This is just to name a few.

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  • Posts 17
  • Votes 27

Robert Johnson

replied about 1 month ago

I do not allow photos of my properties or copies of the lease agreement to be posted on the internet without my written permission.   Also, make sure you get a substantial security deposit up front.  I am currently demanding 2 months upfront in addition to the first month's payment.  Any leases of 6 month's or less, 100% payable up front.  

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  • Posts 259
  • Votes 299

Eric Schultz
Investor from San Diego, CA

replied about 1 month ago

@Brandon Baker

Mandatory renter’s insurance is a must in the lease agreement!

For example, an innocent 3 yo flushed baby wipes down the toilet at one of my properties sometime prior to the family leaving for the weekend. His parent’s renter’s insurance covered the $22K in flood damage repairs. My property insurance remained untouched.

Not necessarily a lease inclusion but...

Having a personal / business umbrella policy is always a good idea as a landlord. I also have copies of my property managers’ insurance policies as well.

Insurance can plug those responsibility gaps not spelled out in the lease.

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  • Posts 43
  • Votes 22

Brandon Baker
Rental Property Investor from Dallas, TX

replied about 1 month ago

Thank you all for feedback..I've got some work to do to include these great ideas...

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Check Rosette Top Subjects:
Maintenance, Residential, and Taxes & Accounting
  • Posts 275
  • Votes 176

Christen G.
Rental Property Investor from Seattle, WA

replied about 1 month ago
Originally posted by @Robert Johnson :

I do not allow photos of my properties or copies of the lease agreement to be posted on the internet without my written permission.   Also, make sure you get a substantial security deposit up front.  I am currently demanding 2 months upfront in addition to the first month's payment.  Any leases of 6 month's or less, 100% payable up front.  

This is interesting - what is the rationale for no photos on the internet - to inhibit subletting? 

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Check Rosette Top Subjects:
Maintenance, Residential, and Taxes & Accounting
  • Posts 275
  • Votes 176

Christen G.
Rental Property Investor from Seattle, WA

replied about 1 month ago

These are all great. Some of ours are: Renter's insurance, HOW to pay rent, HOW / WHEN to tell me that they're terminating tenancy, where to park, where you can't park (the lawn), a bed bug addendum, a mold addendum, expectations of cleanliness of their unit (to be able to thwart off serious hoarding) and common areas, no window coverings/tapestry/sports flags - must be blinds or curtains. Good luck!

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  • Posts 17
  • Votes 27

Robert Johnson

replied about 1 month ago
Originally posted by @Christen G. :
Originally posted by @Robert Johnson:

I do not allow photos of my properties or copies of the lease agreement to be posted on the internet without my written permission.   Also, make sure you get a substantial security deposit up front.  I am currently demanding 2 months upfront in addition to the first month's payment.  Any leases of 6 month's or less, 100% payable up front.  

This is interesting - what is the rationale for no photos on the internet - to inhibit subletting? 

They could use the photos to attempt a sublet.  But if you try to evict them they could use photoshop or some editing program to trash you and your property by claiming there's mold, etc.  on multiple social media sites.   Yeah, it would all be false but you could end up having to  explain the facts to multiple government officials and you don't want that ever.  Besides that,  if they post photos of the property and let others know they are leaving town, it could be vandalized.   

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