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Updated 6 months ago on . Most recent reply

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Confirming correct documents for renter

Tyler Battaglia
Posted

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything:

- I have the rental application

- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.

- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.

- I will have them provide a copy of their tenants insurance for my records.

- Will provide receipt for first and last months rent.

- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

- Copy of HOA handbook ill provide to renter.

Am I missing anything?

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,090
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28,076
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Tyler Battaglia:

Forms and contracts are important, but you need to really understand them and know how to enforce them. I recommend you buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them. It's updated yearly and is the best $40 you'll spend as a Landlord.

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

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