How to Write a Lease Agreement

One of the most important steps to managing your rental property is to have a detailed lease agreement. Invest adequate time in preparing a lease agreement that protects your rights as a landlord and those of your tenants. There are a few simple tips that will save you much time and money. Always consult a professional if available as this article is for the intent of education on How to Write a Lease Agreement.

Here are a few steps when creating your own rental Lease Agreement.

  1. List who the landlord is and who the tenant(s) are.
  2. Give a full description of the terms or length of the lease. Such as 3 months or 1 year.
  3. Have a Start and End Date on the Lease
  4. Describe the responsibilities of each party. Such as who maintains pool, landscape, etc..
  5. Include a clause that the tenant can not sublet the home without your written approval.
  6. Prepare a detailed list of the condition of the property and recognize the tenant is required to keep the property in the same condition.
  7. State the landlord is allow to inspect the property providing a 48-hour notice. Also state that the locks can not be changed without landlord approval.
  8. Provide a list of maintenance and repair rules. This includes not obstructing driveways, sidewalks and other entryways, and keeping plumbing, air-conditioning and electrical systems in good running order.
  9. Specify and outline late fee rules or tenant violations.
  10. Both parties must sign the agreement and have tenants initial every page.
  11. Include page numbers.
  12. Give disclaimer that you are not a lawyer and mistakes may abound in lease that will not cancel the rest of the statements in the document.

How to Write a Lease Agreement