10 Tips on Writing an Airtight Lease Agreement
As you write your lease agreement, here are 10 tips to help you create an airtight document that will protect you and your property. 1. Know the law in the Lease Agreement. Each state (and a number of cities) has different laws regarding the management of property, and rights of landlords and tenants. Familiarize yourself with these laws before writing your lease agreement. This will assist you in knowing exactly what you can and cannot put into an agreement. 2. Make it clear. Confusing terms and a poorly written agreement can be misinterpreted, and may not hold up in court. Put your stipulations in easy-to-understand terminology, and explain anything that might be misconstrued. 3. Provide confirmation of the condition of the unit. The lease should recite that the unit being leased is in good condition without damage or problems. 4. Pet policy for Lease Agreement. Specify if you allow your tenants to have pets and if there are any restrictions. If you only allow a certain t...