Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

41
Posts
12
Votes
Annette Schneider
  • Investor
  • Pittsburgh, PA
12
Votes |
41
Posts

Thinking we need a 'brown M&M' type clause in our lease

Annette Schneider
  • Investor
  • Pittsburgh, PA
Posted

Any tips on getting tenants to read their lease? Sure we can make them comply but it would be nice if they knew what was in their lease so we aren't the 'bad guy' enforcing aspects of the lease they were willfully unaware of. I'm pondering if there is a way of adding some sort of 'brown M&M' clause hidden in the lease so that we know who actually read the whole lease. Some little hidden nugget in the lease that is trivial that makes it obvious that they read the lease. 

Most Popular Reply

User Stats

28,105
Posts
41,121
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,121
Votes |
28,105
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Annette Schneider let's be honest; people hear what they want to hear.

I sign hundreds of leases every year. I review the lease with each tenant. If three people rent together, I go over the lease with all three of them at the same time. I hit all the highlights. I've even had them initial key points in the past so they couldn't argue I never covered it or that they hadn't seen it.

None of it matters. I still get Tenants arguing that they can't pay rent until the second Wednesday of the month even though we discussed that multiple times prior to their applying and moving in. We still get Tenants adding a roommate or a pet. We still have Tenants that don't know how to report maintenance.

I think back to all the hours we spent reviewing with people and honestly think it's been a waste. I'm switching to electronic signatures now and every lease will have a cover page that advises them they are responsible for reading and understanding the lease, advising them to consult an attorney before signing, and then making them initial that they've read and accepted the agreement. I'll save myself dozens of hours every year and probably still get the same result as if I had personally reviewed with each tenant.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
166 Reviews

Loading replies...