Lease Agreement Products

After reading 100 lease agreements as a consultant I’ve figured out that although managers do this business very differently, there are common stipulations that belong in every lease regardless of your model or state regulations. Managers constantly add language that shouldn’t be there, language that complicates their processes and prevents them from being scalable, profitable and language that exposes them to unwanted litigation. Managers often copy and paste from other’s agreements without realizing they’re handcuffing themselves to archaic language that only hinders them from managing effectively. Agents often adopt their realtor association standardized agreement and don’t realize the limitations of the language in those agreements. Others just keep adding more and more stipulations in hopes of managing through their document instead of giving themselves the freedom they need to maximize profits and protect themselves. This is about building a killer lease agreement and is generic enough to fit every state and model.

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Online Class

Online Class Materials

A ZIP FILE is also available for download Building a Killer Lease (Student Handout)

Module One Customized Lease Agreement Training Property Managers

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For 20 years attorney Monica Gilroy pushed us to keep the rental agreement short (like eight pages) because long documents are hard to defend in court. Some managers think they should have a 10-page lease (type size 8 to fit it all in) plus attach the application and exhibits, addendums, and incorporate the tenant handbook, the move in inspection and company policies into the original document making defending it quite impossible.

There are, however, some critical topics we need to address in detail to set expectations and protect yourself from tenant-driven lawsuits. These stand alone (Housekeeping) documents should be included with all leases to explain HOW you’re going to manage specific situations. Occasionally the home has special characteristics like a hot tub, an HOA community, roommates, or a co-signer and you’ll want a special document (Ancillary Documents) to address these unique situations as needed.