A Residential Rental Lease Agreement is a type of contract which outlines all the terms that the renter consents to while renting a piece of property from the landlord. It guarantees the tenant that he can use the property while the landlord or property owner can be assured of regular payments to let the use of that property for the specified time period. A well-written lease agreement can assure rights of protecting the property. Here are some of the tips to writing a rental lease agreement.
Know the laws of your city or state
The property management laws of cities and states tend to vary. The use of crm property management from a trusted source can help you solve the issue as the provider will make sure it is as per the local laws of your state. For instance, for older buildings in some states there should be a warning for the use of lead based paint for renters. It can be useful in determining what the lease agreement can or cannot include.
Rental Unit Condition
In case the rental property happens to be in good shape, without any damage or problem, it should be mentioned as well. In case of damages or issues, the specifics must be mentioned.
Clarity in language
The lease agreement must be made as clear and specific as possible. If it is written poorly, it might be misinterpreted by the tenant or the court of law, and this might not be in favor of the landlord. Thus, all short-hand, slang, confusing terms and loose language must be avoided.
Pet Policy
If you have a policy regarding pets, you need to mention that in the lease agreement. State whether you would let renters keep pets on your rental property. List any restriction or exceptions in the contract as well. You may have a restriction when it comes to the size of the pet that you are ready to allow, or have exceptions regarding the kind of animals that you would allow or not.
Right of Entry
The rental agreement in Texas that you create must mention your right of entry to the rental property as a landlord. Keep in mind that in every state, landlords need to wait for a particular period of time after notifying tenants that they would like to get into their residence.
Restricted activities
Include in your lease agreement all those activities that you would not tolerate in any way from your tenants. You have to specify the code of conduct that the renter(s) is supposed to adhere to, which can also provide you with the legal right of proper management of your property.
Security Deposit
In case you need a security deposit from the renter, you need to state on the lease agreement specifically what you would regard as damage to your property. It is important for you to state with clarity your policy regarding security deposit, in case you wish to safeguard your legal rights in a proper way and keep the deposit.
Rent amount
You have to state the rent amount in a precise way. Include when you would regard the rent payment as late or due. It can safeguard you against legal recourse, in case the renter is late continuously. You have to do all that is possible, for avoiding misunderstandings.
Lease Agreement breach policy
The lease agreement should mention what would occur in case the contract is violated by the renter, such as whether the lease would be terminated in case of a policy breach.
