I will be sitting down with my attorney next week to draw up a lease for me to use on my first rental property.
Rehab is finally done!:banana:
I am trying to do some homework before hand. This way I can come prepared with the right questions and suggestions and will hopefully walk away with all my bases better covered.
What are some must haves in *your leases*?
Just a few things that come to my mind...
3 day evictions vs 30
rent due on 1st. 4th is late
Deposits (pet rents, security, 1st and last months rent)
How do you cover minor repairs (under 50 bucks)
Do you include appliances (which ones/repairs?)
full years lease amount due (lease amount 12K - 1k per month) vs month to month
What do you think? What am I missing?
Thanks in advance!
Rehab is finally done!:banana:
I am trying to do some homework before hand. This way I can come prepared with the right questions and suggestions and will hopefully walk away with all my bases better covered.
What are some must haves in *your leases*?
Just a few things that come to my mind...
3 day evictions vs 30
rent due on 1st. 4th is late
Deposits (pet rents, security, 1st and last months rent)
How do you cover minor repairs (under 50 bucks)
Do you include appliances (which ones/repairs?)
full years lease amount due (lease amount 12K - 1k per month) vs month to month
What do you think? What am I missing?
Thanks in advance!
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