The lease agreement is one of the most important components of the rental process. Ensuring that you have a thorough, airtight lease agreement can go a long way toward reducing legal problems, minimizing your stress, and protecting your property. Here are 10 of the most important items to include in your lease agreement.
- Illegal Behavior
Provide a clause prohibiting illegal or disruptive behavior on the premises of your rental property. This will provide you with protection and recourse if these actions take place on your property.
- Occupancy Limits
Set limits regarding the number of occupants that can reside on the rental property. This can help to prevent unauthorized tenants from moving in.
- Names of All Tenants
Require the names of all the adult tenants on the lease agreement. This will help to ensure that everyone can be held responsible to follow the terms of the agreement, which can prevent you from not obtaining rent payments if one tenant moves out.
Ensure that terms are outlined in your lease agreement. This means that you should explicitly state the length of the agreement, as well as when the agreement will need to be renewed.
- Repairs and Maintenance
Outline whether you or the tenant are responsible for various repairs and maintenance around the home.
The rent is one of the most important things to clearly outline in the lease agreement. Ensure that you state the total amount of the rent, the payment methods you will accept, the date on which rent is due, and any relevant late fees.
- Deposits and Fees
Ensure that the security deposit is stated in the lease agreement. Include the amount, as well as the ways in which you may use or withhold the deposit. In addition, you should include any fees, such as pet fees or other things.
- Entry to the Property
Including this clause will prevent the likelihood of a tenant claiming that you have unlawfully entered the property. Provide them with information regarding when you will need to access the property, as well as the process you will follow to provide them with notice when you intend to enter the property.
- Pet Policy
Clearly state your pet policy in your lease agreement to ensure that everyone is on the same page regarding your policy. Include any relevant fees, as well as the process if a tenant is caught sneaking pets onto the property.
Your rules and policies should be listed on the lease agreement. When you implement a no-smoking policy, you will need to ensure that this is stated on the lease agreement.
The lease agreement can be a rather difficult document to craft effectively. To learn more about important items that you need to include in your lease agreement, contact our experts at the Keyrenter in Highlands Ranch today!