What Real Estate Investors Need To Know About Leases
Effective lease agreements must contain critical clauses and information to protect rental properties properly. However, knowing everything your residential lease agreement should include can take some research and expert insights.
Not having an airtight rental document leaves investors vulnerable to bad tenant behavior that they can’t enforce, including collecting past-due rent or holding renters accountable for taking better care of your rental property. In many cases, using a free lease agreement template can leave you without the protection you need to enforce the rules!
Working with an attorney or a property manager can be helpful when creating a custom lease. They can walk you through the essential terms that most leases need to comply with the law. It’s also essential to choose the right type of lease for your properties and how you plan to operate rentals to meet cash flow and income goals.
What should real estate investors include in most leases? Whether you start with a lease agreement template or from scratch, you’ll need the right verbiage to comply with landlord-tenant laws in the markets where you invest.