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Leases & Rental Agreements

Publication Date September 2009
Edition 8
ISBN 9781413310511
Pages 240 pp
Forms 17 forms
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Description

Rent your property now with this quick and easy handbook.

Looking for a quick way to create the key documents necessary for owning or managing rental property, including a legally valid lease or rental agreement? Leases & Rental Agreements provides the practical and legal information necessary to rent out your property in record time -- and without a pricey attorney.

With this bestselling guide, you'll learn how to:

  • prepare a rental agreement or lease 
  • tailor your documents to meet your needs
  • make required disclosures
  • comply with your state's laws on security deposits, privacy rules, discrimination and more
  • check tenant references and credit
  • do a final inspection when a tenant moves out 
  • and more

Leases & Rental Agreements includes tear-out forms (plus step-by-step instructions to fill them out), including a rental agreement, lease, rental application and more. Complete these forms by adding the needed information by hand or by using a typewriter, or fill in the documents on your PC using the enclosed CD-ROM. The 8th edition provides updated 50-state legal charts on security deposits, rent rules, access to rental property and more, plus an expanded chart on your state's disclosure laws.

Forms

  • Month-to-Month Residential Rental Agreement
  • Month-to-Month Residential Rental Agreement (Spanish version)
  • Fixed-Term Residential Lease
  • Fixed-Term Residential Lease (Spanish version)
  • Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards
  • Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards (Spanish version)
  • Protect Your Family From Lead in Your Home Pamphlet
  • Protect Your Family From Lead in Your Home Pamphlet (Spanish version)
  • Rental Application
  • Consent to Background and Reference Check
  • Tenant References
  • Notice of Denial Based on Credit Report Information
  • Landlord-Tenant Checklist
  • Move-In Letter
  • Tenant's Notice of Intent to Move Out
  • Move-Out Letter
  • Notice of Conditional Acceptance Based on Credit Report or Other Information

Table of Contents

1. Your Lease and Rental Documents Companion

2. Preparing a Lease or Rental Agreement

  • Which Is Better, a Lease or a Rental Agreement?
  • Instructions for Completing the Lease or Rental Agreement Form
  • Instructions for Signing the Lease or Rental Agreement

3. Choosing Tenants: Your Most Important Decision

  • How to Advertise Rental Property
  • Renting Property That's Still Occupied
  • Accepting Rental Applications
  • Checking References, Credit History, and More
  • Avoiding Illegal Discrimination
  • Choosing -- and Rejecting -- an Applicant
  • Choosing a Tenant-Manager
  • Property Management Companies

4. Getting the Tenant Moved In

  • Inspect and Photograph the Unit
  • Send New Tenants a Move-In Letter
  • Cash Rent and Security Deposit Checks
  • Organize Your Tenant Records
  • Organize Income and Expenses for Schedule E

5. Changing or Ending a Tenancy

  • How to Modify Signed Rental Agreements and Leases
  • Ending a Month-to-Month Tenancy
  • How Fixed-Term Leases End
  • Returning Security Deposits When a Tenancy Ends

Appendixes

A. State Landlord-Tenant Law Charts

  • State Landlord-Tenant Statutes
  • State Rules on Notice Required to Change or Terminate a Month-to-Month Tenancy
  • State Rent Rules
  • State Security Deposit Rules
  • Required Security Deposit Disclosures
  • State Laws on Landlord’s Access to Rental Property

B. How to Use the Landlord Rental Forms CD-ROM

  • Installing the Form Files Onto Your Computer
  • Using the Word Processing Files to Create Documents
  • Using U.S. Environmental Protection Agency Forms
  • Files on the Cd-Rom

C. Landlord Rental Forms (Tear-Out and on CD-ROM)

  • Leases and Rental Agreements and Lead Disclosures

    • Month-to-Month Residential Rental Agreement
    • Month-to-Month Residential Rental Agreement (Spanish version)
    • Fixed-Term Residential Lease
    • Fixed-Term Residential Lease (Spanish version)
    • Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards
    • Disclosure of Information on Lead-Based Paint or Lead-Based Paint Hazards (Spanish version)
    • Protect Your Family From Lead in Your Home Pamphlet
    • Protect Your Family From Lead in Your Home Pamphlet (Spanish version)
  • Screening and Choosing Tenants

    • Rental Application
    • Consent to Contact References and Perform Credit Check
    • Tenant References
    • Notice of Denial Based on Credit Report and Other Information
    • Notice of Conditional Acceptance Based on a Credit Report or Other Information
  • Moving in Tenants

    • Landlord-Tenant Checklist
    • Move-In Letter
  • Moving Out Tenants

    • Tenant's Notice of Intent to Move Out
    • Move-Out Letter

eGuide

  • Complying with Discrimination Laws (on CD-ROM only)

Index

Sample Content

  • Chapter 1: Being a Successful Landlord

Introduction

The rental agreement or lease that you and your tenant sign is the contractual basis of your relationship. Taken together with the landlord-tenant laws of your state -- and, in a few areas, local and federal laws -- it sets out almost all the legal rules you and your tenant must follow. Your rental agreement or lease is also an immensely practical document, full of crucial business details, such as how long the tenant can occupy your property and the amount of the rent.

Given their importance, there's no question that you need to create effective and legal rental agreements or leases with your tenants. This book shows you how, by providing clearly written, fair, and effective lease and rental agreement forms, along with clear explanations of each clause.

Our agreements are legally accurate and up to date, based on careful research of every state's landlord-tenant laws. They can be tailored to fit the details of your situation using the 50-state law charts in Appendix A. Throughout the book, we suggest ways to do this.

In addition to showing you how to prepare a lease or rental agreement, this book also covers key legal issues that landlords need to understand, including how to legally choose tenants and start a tenancy. It also highlights the legal and practical issues involved with changing or ending a tenancy. This book provides forms that supplement a lease and a rental agreement, including a rental application designed to help you choose the best tenant. Other forms, such as a Landlord-Tenant Checklist (used to document the condition of the rental unit at the beginning and end of the tenancy), will help you avoid legal problems with tenants, such as disputes over security deposits.

Forms on CD The lease and rental agreement and other forms included in this book are on the Landlord Rental Forms CD. We also include tear-out versions of these forms in Appendix C at the back of the book. The CD-ROM also includes a special legal guide to complying with discrimination laws.

Warning Who shouldn't use our lease or rental agreement? Don't use the forms in this book if you're renting out property that is subsidized by the government, such as the Section 8 program of the federal Department of Housing and Urban Development. You may need to use a special government-drafted lease. Also, our forms should not be used for renting out mobile homes, townhouses, hotels, or commercial property. If you are renting out your condominium or townhouse, use this book in conjunction with your homeowners' association's rules and regulations (called CC&Rs, or covenants, conditions, and restrictions). These CC&Rs may affect how you structure the terms and conditions of the rental and how your tenant uses the unit.



Legal Updates

Here are summaries of important legal or procedural changes that affect the latest edition of this product.