Bulletproof leases

[Douglass Belt]

As I listen to the podcasts, and read many forums, I am wondering does anyone have an example of lock down, solid lease for a single family or multi? (2-4 units?) Of course, a mutli uni lease will be a bit different than a SFH. My lease (SFH) is 4 pages that includes a crime free addendum. After listening to many of the podcasts, and hear from others, it seems that I may need to "enhance" mine. Do you feel your lease is solid and fair? Where did you get yours? What did you do to ensure it is fair and pretty iron-clad? Any suggestions are appreciated!!

[Vicki K.]

@Douglass Belt - I don't think you will ever have a lease that will capture every possible sticky situation. I have been in real estate for 5 years and my lease has evolved many many times. It gets better with each revision, but I don't think it will ever be perfect. You will learn from situations you deal with and will adjust it over time to meet the needs of your business. 

I haven't seen your lease, but 4 pages seems really light. I don't know how it is in Wisconsin, but the state of Michigan has a really helpful handbook with lots of great guidance on Tenant/Landlord issues and even provides a sample lease. I highly recommend you look into what resources the state has to offer. Per Michigan law, there is certain legal language that must be present in every lease. It's important to be aware of Such requirements if they exist in WI. Regardless of what you use as a starting point though, get your lease reviewed by an attorney - that can save you a lot of headache down the road.