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Rental & Lease Agreements

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How-To Advice On These Forums

  • What Are Title X Lead Disclosure Regulations?

    In 1992, Congress enacted Title X, which requires landlords to disclose lead hazards to their tenants. In 1996, further changes were added to this law, which included mandatory disclosure for all landlords of leased property built before 1978. Title X does not apply to most landlords who offer month-to-month rental agreements or landlords that lease out property for less than 100 days. If you own property that was built before 1978, there are specific regulations that you must follow. If you

  • What's the Difference Between a Rental Agreement and a Lease for a Rental Property?

    Leases and rental agreements sound like the same thing, but they aren't. Here are the key differences every small business should understand.

  • What Can I Do If My Tenant Sublets My Rental Property Without Notifying Me?

    Subletting can be a big headache for landlords, especially if a tenant sublets a unit without the landlord's knowledge or permission. If you do not allow your tenants to sublet units they rent from you, make this clear from the start. Including languages to this effect in your rental agreement can help avoid any ambiguity, and it may give you legal recourse if a tenant sublets one of your units against your wishes. If a tenant has sublet a unit without your permission, here are some tips

  • Should I Accept Cosigners for the Lease Agreement of My Rental Property?

    Maintaining lease agreements with just one person can be tricky enough, but adding a cosigner can add complexity. But if you find a promising tenant who lacks an extensive credit history -- or has a spotty credit history -- a cosigner can provide you with financial peace of mind. A cosigner on a lease functions much like the cosigner on a loan; he or she agrees to pay the rent if the tenant is unable to pay. There are many instances where a tenant may require a cosigner on their lease agreeme

  • Checklist for Buying a Rental Property

    Congratulations on your decision to purchase a rental property. Now comes the hard part: finding the perfect property that will generate sufficient income while requiring a minimum of upkeep and maintenance. One way to find the right property is to have a due diligence list should keep you on track when shopping for a property, reminding you what to look for -- and what to stay away from. Here are a few things to consider as you search for an appropriate property. 1. Is it in good con