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Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
3
Votes
Jake LaRoche
  • Investor
  • Hudson Valley
3
Votes |
13
Posts

Where and how should i draw up a lease agreement?

Jake LaRoche
  • Investor
  • Hudson Valley
Posted

getting into my first house hack, however i have no clue what the best option is for presenting a lease agreement. Should i have a fresh one drawn by an attorney? should i have an attorney edit an existing one? or can i get away with using a generic one? 

any help would be great thank you!

Most Popular Reply

User Stats

178
Posts
119
Votes
Lucas Miles
  • Rental Property Investor
  • Fairmont, MN
119
Votes |
178
Posts
Lucas Miles
  • Rental Property Investor
  • Fairmont, MN
Replied

@Jake LaRoche I'd recommend having an attorney draft one for you, if your worried about the costs. Make your own "generic" one, then have an attorney review it for you, may save you a bit. Lot of good resources online for what you should have in this lease for the "savy investor/landlords", make sure to follow your state guidelines. If you have an connectors with other investors in your state/area, might be able to get them to share one with you. Lease we use is often growing/changing, and/remove different things as we learn and have new experiences so don't expect the first one you use to be 100% all inclusive. 

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