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Jessica DiPonziano
Pro Member
  • Investor
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Lease Guidance for Mid-term in Philadelphia

Jessica DiPonziano
Pro Member
  • Investor
Posted Mar 16 2024, 12:07

I am looking to put a lease together for a mid-term single family rental in South Philadelphia.

If you happen to be an experienced landlord in Philadelphia and have a lease you'd be willing to share and I could use at least as my starting point I'd be super grateful.

If not, what things should I make sure are in the lease?

Also for Philadelphia owners, is there anything I can do to add protections for myself since this city is heavily tenant favored?

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Alan Asriants
  • Real Estate Agent
  • Philadelphia, PA
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Alan Asriants
  • Real Estate Agent
  • Philadelphia, PA
Replied Mar 18 2024, 07:30

Create your own list of rules and regulation. There is only so much you can protect yourself on. The best way to protect yourself is to screen applicants thoroughly. 

You can use a standard PAR Lease contract. If you had an agent, they can share it with you!

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JooYung Choi
  • Realtor
  • New Jersey
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JooYung Choi
  • Realtor
  • New Jersey
Replied May 15 2024, 02:20

Bumping this post! 

I am also looking for some MTR lease guidance in Philly. 

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Eric Greenberg
  • Investor
  • Philadelphia, PA
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Eric Greenberg
  • Investor
  • Philadelphia, PA
Replied May 16 2024, 07:26

I use a version of this for our LTR & MTRs. I will say for some MTR guests we dont sign a lease but it depends if they come through Airbnb/Vrbo/FurnishedFinder/etc 


https://freeforms.com/wp-content/uploads/2020/04/Pennsylvani...