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All Forum Posts by: Kevin Kim

Kevin Kim has started 19 posts and replied 55 times.

Hello,

I am in the process of drafting a lease contract. Initially, I attempted to download and edit the latest CAR form to save around $3XX. However, I quickly realized that the time spent was costing me more.

I decided to become a CAA member for access to lease forms, and I found them—especially the online forms—to be very comprehensive and easy to complete.

When selecting a lease agreement, the system provides a package of forms and allows me to add or remove specific ones. I assumed all essential forms would be included in the package. However, I noticed that the Mold Notification Addendum and Mold Information were not included in the basic package.

I would like to ensure that all essential forms are included in the lease package. Could you please let me know what other forms we should add to the basic package?

Since we have a few unique provisions, I am also adding the CA-060 Addendum to Rental Agreement to the package.

Thank you. 

I initially struggled to edit the CAR form.

However, I decided to become a CAA member, and I realized it was a great choice. It provides peace of mind, comprehensive forms, and the ability to email forms for e-signing.

Thank you.

Hi,

I googled and found a recent C.A.R. lease form. We will issue a lease without an agent or broker. Can I leave the broker sections in the form?

Thank you, 

Thank you for the answer again. 

So, unless all lease singers file for bankruptcy, they can’t stay for three to five months without paying rent, right?

Thank you for your reply.

I found the collections history from another family member. They mentioned that the family member began debt consolidation 20 months ago, the way debt consolidation works the company lets it go into collections

I am concerned that if the person files for bankruptcy.

Even just one of 3 family member file a bankruptcy 7, can they stay 3 to 5 months without paying rent?

Also, is there a clause I can add to the lease to protect us from potential bankruptcy?

Hi,

I’m considering renting to a family that filed for bankruptcy several years ago, but I’m concerned they might file again. If three adults in the household sign the lease and one of them files for bankruptcy, would that allow them to avoid paying rent for three to five months?

Thank you. 

Thank you for your reply. 

I totally agree with you. If I were someone who discriminates based on gender, I wouldn’t need to ask this question. 

We have already decided to rent our house to them. 

However, because we don’t have much experience with this matter, are relatively new to being landlords, and come from a different culture, we wanted to understand if there are any particular considerations we should be aware of.

I heard that it is illegal to ask about religion, national origin, and other personal information when we talk with tenants, even if we don’t have any bad intentions or discriminatory purposes. So, I just wanted to know if there is anything we need to be aware of when we communicate with them, etc.

I’m sorry if my ignorance made you uncomfortable.

Hello everyone,

Sometimes, we have prospective tenants who are LGBT couples. Since I am not very familiar with their experiences and perspectives, I would love to hear from those of you who have had interactions or experiences with LGBT tenants. Any insights or advice would be greatly appreciated!

Thank you!

Post: Can you review our lease agreement?

Kevin KimPosted
  • Posts 55
  • Votes 9
Quote from @Jaron Walling:

@Kevin Kim Find the time and build your own lease. Tons of clauses, tips, and advice in the forums. Search for it and use it. Investors should do this so they can learn and remember the clauses. It's a living document. Every time you place new tenants you're reviewing it and "tweaking" things. This is wildly important if you're handing the PM. 

If you plan to hire that out then it falls on the PM company. You need to screen them and ask the important questions no different than tenant. Best of luck. 

Thank you for your reply.

I have studied and drafted a few important clauses, which I asked the lawyer to translate into legal language, including must-have clauses for a California lease agreement. Since I lack a legal background, I don't want to risk handling it myself, especially for our first rental. Once we have a solid lease agreement in place, I'm confident we can make any necessary tweaks. Thank you.

Post: Can you review our lease agreement?

Kevin KimPosted
  • Posts 55
  • Votes 9

Hello,

I hired a lawyer from Upwork.com who has received many 5-star reviews.

I asked him to write a lease agreement. However, I later found out that he lives internationally.

His first draft was missing many important terms, such as those regarding lead-based paint, Megan's Law, etc.

I questioned his qualifications for this job, and he assured me of his capabilities.

I'm attaching his final version here. lease agreement

I removed personal information in the contract. 

It would be great if you could review it to determine if it's suitable for use.

If not, please recommend a reliable place or lawyer to review or draft a lease agreement.

Thank you.