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Updated about 9 years ago on . Most recent reply

User Stats

254
Posts
136
Votes
Nicholas Armstrong
  • Investor
  • Birmingham, AL
136
Votes |
254
Posts

How to Draft a Lease Agreement

Nicholas Armstrong
  • Investor
  • Birmingham, AL
Posted

Hello Everyone!

I was interested in seeing how you fellow landlords go about drafting a Lease Agreement?

Do you use a professional such as a RE attorney or did you borrow a draft from someone and edit it to your preferences? I do not have a property just yet but I would like to be ahead of the game and get a draft written up (or borrowed) before I purchase the property.

Thank you for any input!  

Most Popular Reply

User Stats

47
Posts
17
Votes
Peter Mason
  • Real Estate Agent
  • Largo, FL
17
Votes |
47
Posts
Peter Mason
  • Real Estate Agent
  • Largo, FL
Replied

When starting out I used to make my own downloaded from certain sites and tweaked to my liking and research.

Bad idea!

For $200 I got a RE attorney to draft a perfect one that included covering all the laws and caveats necessary to cover my a$$.
And wow was I missing a lot. That $200 not only gave me a solid lease but it was a priceless learning experience from the lawyer about the multiple laws in Florida.

I also found out through her that there was a law firm in town that did pro-Bono work for tenants who felt they were wronged and usually won!

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