Who else has used the Bigger Pockets Pro Plan Lease?

[Kim H.]

Hi all,

Our real estate agent provided us a free previously attorney approved lease, but I noticed it's outdated (example: it mentions 3 day notices but WA requires now a 14 day eviction notice for non rent payment).  I updated those specific issues, since I'm aware of the local housing laws so that isn't as big of a deal.

But the lease doesn't include some key things, which I know the BP authors have recommended (examples: no large vehicles in parking; no storage on lawn or driveway; quiet hours, etc.).  In wanting to incorporate those, and since I had the suggestions originally from BP, I'm guessing their paid leases that are attorney approved would be worth it?  Hiring an attorney to review it sounds like it would be expensive?

Wondering if others have used the BP paid leases and if it was worth it? Or if anyone had issues with them?

[John Wright]

@Kim H. Hi Kim I have used the state specific leases included with a premium membership (if that is what you are referring to). No lease can cover every possible tenant/landlord scenario but I think it’s important to have the most common scenarios in the lease so that tenants know your experienced, professional, and that you will treat your rental like a business. With that said the only thing that I added to the lease was a specific termination fee if a tenant wants to end the lease earlier than the expiration date. You could also write up a “house rules” document separate from the lease in order to cover property specific items such as common areas, disputes with neighbors, quiet hours , etc.