Review My Lease

[Kyle Meyers]

I just uploaded my newly drafted lease to the FilePlace, please take a look and give me your feedback.

I believe I attached it to this post, but if not, here is the link: http://www.biggerpockets.com/files/user/kyle930/file/Residential-Lease-Agreement-pdf

[Joel Owens]

I didn't read through all of it but it seems good enough.

On the pet issue I do not do deposits.

I do a one time "pet acceptance fee" that is non-refundable.

I explain to potential tenants that even though they take care of an animal over the years the pets will do damage to the property.

I tell them it covers my costs to fix the normal wear and tear an animal causes over time.

You can also charge a monthly pet fee to have the animal if you like.

[Kyle Meyers]

Thanks for your comments Joel. I would charge higher rent for someone who had pets, probably $10 per month per pet.