Wednesday, July 28, 2010

I'm new in the leasing of a property,I'm seeking advice on how to prepare a leasing agreement, how can i find

find tenants that are responsible and reliable, trustworthy, how can i as a landlord protect my myself from tenants that wont pay rent in the future, where can i get that type of advice,do i need legal assistance on this?I'm new in the leasing of a property,I'm seeking advice on how to prepare a leasing agreement, how can i find
It would be much cheaper to have an attorney draw up the agreement and inform you of your rights and your tenants rights now, than it will be to not use one and have problems down the road! You have to learn how to screen the people and sometimes even that doesn't work! Talk to other people that rent property out and you will hear some horror stories and maybe they can also give you advice!I'm new in the leasing of a property,I'm seeking advice on how to prepare a leasing agreement, how can i find
You can get standard lease agreements from Office Max and Staples in their business forms section. These cover most standard requirements/issues that you should need.





As for your tenants, that's always a question. You can take applications and sit and visit with everyone who's interested in renting from you, then pick the one you're most comfortable with. You're also entitled to verify employment and references. I'd check with at least 3 references, and only allow one to be family. Make the other two prior landlords, co-workers, employers or such. You can also check their credit report to make sure they aren't someone likely to skip out on their obligations. (You might need to have them sign an authorization for this in your state.)





It's illegal to discriminate against someone just because they're a minority, single, have kids, etc. If you disqualify someone for renting from you, it needs to be for a valid reason, like references didn't check out, bad credit risk, etc. Even then, if you're careful and think you have everything covered, you can still end up with a problem tenant.
We really need to know where the property is located. Because there are tenant laws for each state.


If you are in the California area. go to SDAA.com


Try something similar in your state. As far as getting a good tenant. Be sure you run credit checks on each person that will occupy the home that is the age of 18 and over.


Be sure you have them all sign the lease agreement. Be sure you follow all tenant and landlord laws. If you need any more please let me know.


Best of luck
give me an e-mail and will send you a copy of my lease.. be sure to mention yahoo answers and your name here.





Finding renters is tough, advertising in local newspaper, and at the local university if there is one. I love students the most, as they usually only stay a couple of years and you can get rid of a bad one easy. Families, if they don't pay are a real chore. Best was to judge character is to go on your first impression.

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