Whether you are a do-it-yourself landlord or have hired a property management company to create a lease for you, there are several vital things every rental agreement should include. If you have a property manager, Fort Myers investors can put their trust into their property management company to create a detailed lease that will include all the details they require of the tenants. It is important not to miss any crucial information or you could wind up with problems down the road. To avoid this, ensure that the following information is included in your agreement.
The lease should have complete information about the owner of the property, including a name and address. If you have hired a property manager, investors may choose to have the property management’s company’s name and address on the lease for privacy reasons.
Each of the tenants who will be residing in the rental property should be listed on the lease. This is highly important to avoid having additional tenants who are not listed on the lease move in the rental home later on. It can also be beneficial to list other information about the tenants, including current addresses and phone numbers where they can be reached.
The lease should have detailed information regarding the property. Include the type of housing, such as a house, apartment, or mobile home, as well as the address of the property. While optional, it can also be helpful to list other details about the premises, such as the number of bedrooms and bathrooms and extra storage spaces or buildings, such as a garage.
The lease should state all the agreement terms in detail. It should ensure the tenant is of legal age, whether pets are allowed, details regarding parking, and termination terms.
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