Using a bad lease can cause huge problems for your San Antonio rental home. It’s never a good idea to use a generic lease that you find on the Internet or in an office supply store. Those are usually very light and they won’t provide the legal protections that you need.
Information to Include in a Lease
A bad lease will simply state who is renting the property, where the property is located and how much rent is due on the first of the month. You need to include a lot more information. Be sure your lease addresses what’s expected from guests and whether pets are allowed in the property. It should assign specific responsibilities to the tenants and the landlord. For example, the lease must state who is responsible for mowing the lawn, watering the grass and changing light bulbs. Tenants need to know what is expected of them and what they are not permitted to do while living in your property. Your lease should be the document that tells you what to do if something goes wrong, and if you find yourself in court for any reason, an effective lease will be the best thing you can have. Make sure your lease also includes any necessary addenda, such as a pet addendum.
Any lease should be reviewed by an attorney who specializes in landlord and tenant law. If you’re managing your own property, don’t have your tenants sign a lease until a lawyer has reviewed it. Investing the money to ensure your lease is legally enforceable and compliant with all state, federal and local laws is definitely worth the expense. Professional management companies will have their leases reviewed by the Texas Association of Realtors. This organization gets advice from brokers and attorneys who are familiar with the laws pertaining to rental housing.
Much of what you include in your lease will seem like common sense, but there are a number of elements that you might not think about when drafting a lease. Don’t let a bad lease leave you open to liability and lawsuits. Talk to an attorney or a property manager and make sure your lease is strong, effective and able to protect your interests.
Contact Bluefax Realty if you have any questions about how to make your lease a good one.