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Lease renewal papersworks
@Liz C. my attorney suggests that you do the whole process again, but I see on here people take a lot of short cuts. I'm always on the side of better to be safe than sorry.
In addition, laws change all the time, so make sure that any changes are included
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Just like the post above, I have the tenant sign a whole new set.
Some years ago, I used the Real Estate Board of New York lease. I buy a set, and on lease renewal, send them a entirely new lease with my addendum.
Recently I started using "ezLandlordforms.com". Each year, I print off a whole new lease, mail it to the tenant, and have it signed.
"ezLandlordforms.com" gives legal advice on certain clauses in the lease. It includes all kinds of goodies like lead disclosure, child guards, etc. Until recently, I didn't know I cannot require renter's insurance in NYC, but they include an addendum in the lease for the tenant to opt out, but if they do, they hold me harmless. I had a case where there's a break in, tenant didn't have renters insurance and sued for damages based on "the lack of security".
I did not know you can't ask tenant for renter insurance. I always request my tenant to buy tenant insurance on the lease. Am I doing it wrong?
I have so far lease agreement , lead paint disclosure and smoke detective form and addendum which they waiver the right to sue me if anyone get hurt.
Originally posted by @Liz C.:
I did not know you can't ask tenant for renter insurance. I always request my tenant to buy tenant insurance on the lease. Am I doing it wrong?
I have so far lease agreement , lead paint disclosure and smoke detective form and addendum which they waiver the right to sue me if anyone get hurt.
I always had renter's insurance required in my lease. Only when start using ezLandlordforms.com did they mention the NYC prohibition. I'm not an attorney, I would put a hold harmless clause in your lease. If you had it in before this, tenants agreed to it, I'll leave it in (not a legal opinion).
For a renewal, I have tenant sign an addendum to lease changing end date and rent if different. If I am changing terms that would require more than a simple addendum, then we fill out an entire new lease. If you already have their signed acknowledgement of receipt of lead paint disclosures and receipt of pamphlet and no new knowledge exists of lead paint hazards, then unless your state or locality requires it, there should be no need for a new disclosure for the same tenant.
Originally posted by @Lynn McGeein:For a renewal, I have tenant sign an addendum to lease changing end date and rent if different. If I am changing terms that would require more than a simple addendum, then we fill out an entire new lease. If you already have their signed acknowledgement of receipt of lead paint disclosures and receipt of pamphlet and no new knowledge exists of lead paint hazards, then unless your state or locality requires it, there should be no need for a new disclosure for the same tenant.
The problem is the Real Estate Board of NY, and ezLandlordforms.com does not sell addendums, from what I can see, and I would have to make up my own or have an attorney draft one.
For the ezLandlordforms.com renewal lease, I just print the 1st 8 pages, I sign and tenant signs, that's it. The disclosures goes up to page 40 and beyond. I just click and choose which forms to include with the base lease. You pull up the last archived lease as the template and update the dates.
The REBNY leases used to be 8-1/2 x 14, six pages, folded up. I buy them 12 at a time, manually fill in the tenant's name, date, and have them signed. I don't use them anymore since their leases went online and I find the user interface clunky. But if you landlord in NYC, they include all the requirements for rent control rent stabilization.
I find doing it this way to be less work, at least for me.
Our lease changes so much we have them sign a new lease but not new addendums, unless an addendum changed. If our lease ever stops getting so many updates we will do a one page renewal sheet.
Where do you guys download or buy the renewal form? Thanks
Addendum with new date, auto sent to digitally sign.
Stop using trees guys. It's 2017
Originally posted by @Liz C.:Where do you guys download or buy the renewal form? Thanks
Currently, I use leases thru: ezLandlordform.com
You create an account. Paid subscription is $43.95 for 6 months, and a 12 month subscription for $70.86 at a 15% discount. They have free lease forms, application forms, rent receipt forms if you prefer the free stuff. For me, I use the 12 month subscription, and with that they archive the leases by tenant, and I can easily create a new leases from the expiring archived lease simply by updating the dates. You can create your own lease templates.
For REBNY leases, they're more specific to NY, they have subleases, condo leases. I used them over 10 years ago till I used up the printed lease form supply I had. Then they went online. You also have to create an account. I found their online entry a little clumsy, but that was over 10 years ago. Google REBNY and you'll find plenty of links there.
The nice thing is I can create the lease in PDF format, e-mail it to my tenant for review. For the last tenant, I did that, the lease need two signers, he printed out the lease, ok with it, one guy sign it, I showed up to sign with the other. The initial lease includes the move-in walk through form that the other tenant signed after the walk through, I signed, and we're good to go.
Cody L. Where do you get your addendum ?
Thank you everyone for your input! Will check into it