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Updated almost 9 years ago,
Help - Leases, first time landlord
Hello,
Looking for some help from other Connecticut landlords on lease agreements and tips. I am in the midst of rehabbing my first investment property in New Britain, CT and am targeting to have it ready for rent/occupancy on 4/1. Does anyone have any standard lease agreements to share? Any insight on things to outline in the lease to protect myself, & things to go over once tenant is selected?
I feel I have a good understanding on tenant screening, here is what I plan on using as criteria:
3 x Rent Monthly Income
No felonies
No evictions
Credit Report
Prior Landlords Information
$Application Fee
1st Months Rent - 1 Month Security
Area is class C, plan to list 2BR units for $800 per month to gauge interest and go from there. Want to avoid as many mistakes as possible as far as the leases go, although I'm sure i will make them! Thanks for your insight!
Rick