for example, if i was going to rent a house out to someone. where do i get the lease agreement from, and who do I consult if i want to add certain clauses.
2006-07-20 18:29:33 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Doing it on your own may save the cost of a real estate manager but not the cost of a lawsuit if you screw it up which appears a strong possibility and which would also negate far more than the income you expect to receive.
Hire a real estate broker w/leasing experience to do your lease for a fee or an attorney that does real estate law. Attorneys can not normally negotiate real estate deals w/o a real estate license (with a very few exceptions) but can do a lease if you have the terms already agreed to. Real estate brokers can't do contracts from scratch but have prepared leases written in co-operation with and by attorneys that they can assemble for you at much less risk to you for a fee.
Some people are ok doing their own leasing and contracts and have been lucky they were not involved in a fiasco- yet. Commercial Realtors are trained in leasing and are insured against mistakes made in leases, so you have reasonable recourse if needed but not if you did it on your own. I've looked at some of the "on-line' leases and went back to my standard format, as they give better protection for my clients and meet state regs.
Good luck!
2006-07-20 19:18:03 · answer #1 · answered by hithere2ya 5 · 0⤊ 0⤋
When I had to generate a lease for a rental property I searched on line. Most places charge, but I had a copy of a lease from a place I rented, so I did a little retyping and a little cut and paste and voila.
If you have specific clauses, you can always add an addendum or an attachment or an exhibit. You can add any clause you want as long as it is not prejudicial or biased.
For example, if you want to add furniture rental you can add an attachment detailing the pieces. Or, if the tenant is going to lay a wood floor in exchange for rent. Just spell it out exactly as agreed.
you can also research both landlord and renters rights for your state by going on line. I don't have the exact link as I don't know where you are, but search for it, you will find it.
Good Luck. just don't be a psycho landlord. That is not good.
Bye
2006-07-21 01:42:34 · answer #2 · answered by Just a Girl 3 · 0⤊ 0⤋
Consult a real estate attorney on legal clauses. But you can obtain a real estate forms at a stationary store within your state legal requirements. Use an Addenum to add clauses as attachments.
2006-07-21 12:39:53 · answer #3 · answered by dollarbill2 2 · 0⤊ 0⤋
search for " __(your state here)___ Lease Agreement". you can use this, or consult a local realtor. they can provide one for you to use, which will be a standard state form.
consult a real estate attorney regarding adding/understanding clauses.
2006-07-21 10:09:45 · answer #4 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
Go to the library reference desk. They have a book with card stock sheets you take out of a binder and place on the copier. It is called "Business Forms on File" and behind any reference desk in our country. The librarian can even turn to the right page for you, too. No guesswork. Peace.
2006-07-21 08:10:24 · answer #5 · answered by Sleek 7 · 0⤊ 0⤋
Have you looked at "lawdepot.com"? I also rent out my house in Va. and their
examples are perfect. I usually just retype the example unless you want to purchase their license. Try it out!
2006-07-21 14:11:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You could write up your own and make sure to have a lawyer take a look at it for loop holes. Also when its signed a good thing to do would be have it notarized if your not a notary.
2006-07-21 01:34:42 · answer #7 · answered by medicj02 1 · 0⤊ 0⤋
Steven Ness for forms. To add anything I would contact a land use attorney. It might be spendy but well worth it if you have any concerns.
2006-07-21 03:48:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Try LegalZoom.com
2006-07-21 02:45:36 · answer #9 · answered by KennyJitFu 5 · 0⤊ 0⤋