Landlord Tenant Lease Agreement Essentials - 5 KEY LEASE CLAUSES You must Include!
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- เผยแพร่เมื่อ 7 ส.ค. 2024
- Essentials to a good landlord tenant lease agreement - 5 key lease clauses you must include! // Do you have a solid rental property lease agreement for your Northern Virginia single family home, townhouse or condo? Having a comprehensive landlord tenant lease agreement for your rental house is so important for both parties and this residential lease agreement outlines the obligations of both parties during the lease term. Make sure your Northern Virginia rental property lease agreement includes any specific Virginia laws.
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Thanks for watching! Will you add these 5 Essential Lease Clauses to your next lease agreement?
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My name is evangelist Tony smith happy new year and I am going to become a movie director I am going to become a movie writer
Really good video no stupid music no stupid nonsense straight to the point I love it thanks I’ll watch more of your videos
You think so? It said 5 clauses to put in the lease yet only talks about 1 clause and so much yapping
Thank you for this content!
Great information to share!
Great video!
Thank you LIsa!
Thank you so much !!!
Excellent information
Thank you for guidance.
No problem. Happy to help give advice if you need it!
Brilliant!!
Happy 1k subs I saw you were 1 sub away and subscribed congrats 🙏🏾
Thank you!
great info. Thanks
You're welcome!
Thank you this was informative.
I have really enjoyed your video.Thank you for uploading it. You have a nice style of presenting the info.
Question: I live in PA how can you please give me a example of how can I add the waiver of subrogation to my rental lease?
Thank you! I love you videos
Thank you!
Doing a month to month is no problem in Sacramento. Lots of renters to choose from. I don't want to be around anyone who doesn't want to live in the property. I'd rather have them go away ,I can get more money from somebody else. I'd like to here more good clauses if u got them. Thanx good video from Sacramento
I agree with that. I do the same. That way I can get rid of them if I don't like them
Thank you for sharing your knowledge with us!! My question for you is..... As a landlord do I have to give the tenant a lease termination letter in California? How do I go about it?
thanks a lot.
Thanks for your video! I had an issue downloading the Addenda and Disclosures (perhaps it has expired) . Can you provide another link? Thank you
Thank you
Hello , your videos are great and very useful. One question - waiver subrogation is allowed or not depends on state law?
Hi, Thanks for the very useful info, is it a law that both landlord and tenant must waive their Subrogation? by including the "Waiver of Subrogation" in the lease? also may I know if we need to ensure that Tennent's insurance policy agrees with his agreement on waiving his Subrogation in the leasing agreement?
Sublet clause - including short term rental of any part of the property - I. E. Air BnB, VRBO, including garage space etc.
You don't want your tenants making money off you to help pay the rent?
@@deadcell1 do you want to be in charge of who is living in your rental or your tenant
@@winnieizcool Personally for me, If I allow for subletting in my units I will lay out rules to outline to the tenant to provide details of each person coming into the unit and how long they will be staying. I'll also make the tenant responsible for any damages to the property for each visitor.
The advantage of allowing your unit to be subletted is the tenant has no invested interest to fight to stay in the property if they default on the rent because it's a business for them and it's not their primary residence and if they are producing an income off the unit they will more likely choose to become a longterm tenant.
Thank you! Great information
Is it ill advised to lease out a property while living across the country? What sort of property management fees should I expect to pay in such a scenario? If I don't want to write up my own lease agreements, where is a good place to look to provide that service?
Great video how about CLAUSE GOR RENTING A BEDROOM ? Thanks
month to month lease works great for me.. I can get them out easier if I need to... that is fine if they leave because I can usually find a decent renter with in a month. The area I live has a great demand for affordable housing
But you have affordable housing and some landlords have raised their rents so high making it harder to find a renter.
Hi! I realize as I ask it’s an old video. Will you be able to share the link to the addendums you mentioned at the end of the video please?
Renting out your house is always a gamble. You can draft the most bullet proof rental agreement and be very thorough screening potential renters and still get the renter from hell. Do the best you can and cross your fingers or say a few prayers if you're so inclined you get a responsible renter. Good luck!
Yes a good renter can turn into a bad renter too. Anyone can lose a job or refuse to go to work.
And a landlord can let in a British Gas engine whilst your on holiday. And fit smart meters against your wish and two months later cos your annoyed serve a section 21 no fault eviction order on you cos she feel’s intimidated that she broke into your home without your express permission.
@@karlbillinger9945LMAO, what??
I had one landlord who would provoke child molestation and mass shootings with door slammers abd Alabama farmers abd Bessemer people who forge leases renters signatures and they misuse their identities. To get extra section 8 money in some cases. I have no evictions in my background record.
Great advise!
I will DEFINITELY use these clauses. Very important! Thank you!
I subscribed because you are really beautiful!
Hi from California. Just purchase a rental single home property. Lease is over. Wondering if I can add a deductible for anything that needs fix. To avoid the calls for something like a light bulb
Waiver of subrogation, is it just a clause added to the amendment/addendum?
thank you so much for making this video!!! it is extremely helpful for me because i am getting close to renting out my first property. it is currently under construction. i am going to hire a virtual property management company to handle everything for me. Do you know if i have a say in what the contract will state and could i make sure to add these clauses in the contract through property management?
oh also since this is my first property i don’t know if i should set up an llc or not.!?
Yes, set up 2 LLC one as a holding company e.g. (Wyoming)managing your property where-ever you stay if you want to be anonymous. How do I get the virtual property manager company?
Hello I'm starting to have my first rental property beginning with my own. I will be purchasing more. What what be some good ideas for what can I call this type of business to cover myself and assets? Thanks for your videos. Awesome information
It's probably a good idea to consult a CPA or attorney who can advise you on the best plan for your specific situation. LLCs are good ideas and provide extra protection for you but I'm not a legal advisor or accountant which is why I suggest talking with those professionals. Same advice I would give my clients.
Great video. I like the one where they can't sue. I didn't even know it was legal to put that in a rental agreement
Mine says the owner not liable for injuries or loss not directly caused by the owner or due to negligence of the renter.
I'm new to real estate but am making my first move with renting my first home. Would you recommend having investment properties on straight rental.and be a landlord or lease option my current and future homes? I'll be sure to include these in my lease thanks!
Eric Hernandez I would stick with a straight lease. Lease options don’t always work well in my opinion and if a tenant is interested in purchasing the property then you can determine a fair market value at that time and move forward with the sale. We’ve done that with many of the properties we manage where the tenant wanted to purchase it and we made the deal work. Sorry I missed your reply while back!
whats does a lease look like with rent increase clause?
Hello I inherited tenants that are refusing to sign my lease. What do I do in this case?
What is cumulative rights in a rental aggreement?
Is the waiver of subrogation mutual or just for landlords?
Month to month leases is better because it protects the landlord against tenents that are not responsible with their contract.
Excellent Video and very very useful information.
Another clause I would add is not to allow Sub-lease and Sub-letting, may be it is already a part of the lease.
Question: our place is usually booked through Airbnb but we have our first tenant coming off of Furnished Finder. We’ll be blocking the dates of his stay so how do we enforce a cancellation fee if they were to back out a week before? We can’t afford to block those dates and then have to open them back up. Thanks!
Did you get the answer to this? This is my question.
I was wondering if you could answer a question for me? I lived in a house this year with girls that made me feel unwelcomed and I was going to sign with them again but changed my mind and now want to get out of the lease. I signed the lease but one of the terms of the lease is your have a parent co-sign and notarize it and send it back to the landlord. Well neither of my parents have signed as co-signers or notarized it and they haven’t sent it to him. So basically our copy would be the copy to have all the signatures(aka the official copy). Since my parents never signed the lease would that make my lease not complete and voidable?
If your 18 or over anything you sign is a contractually obligation. They could have overlooked a parent if they figured you were a good person. Just my 2 cents.
I wanted to know as a landlord do I need to get an attorney for this lease agreement or what do you suggest? I put the question under a comment I was reading. I hope you're able to see my message. Thank you very much.
Brian Devillier Glad the video was helpful. I’m not an attorney but here’s what I would suggest... Basically what you can do is find the standard lease that is used by your local real estate board. In Northern Virginia we have the Northern Virginia Association of Realtors. Likewise in your location there should be a similar association and you should be able to get a free copy of the standard lease. You can use this as the baseline and make the modifications with simple clear language with the clauses you want to add if they are not already included in the base lease. However if you start from scratch or just get a lease off the Internet I would recommend having an attorney at least review the lease to make sure it complies with your state and local laws. It can never hurt to spend a little money and have an attorney review such an important document. It will be money well spent.
@@RicheyPropertyMgt I really appreciate your advice. I will definitely follow your lead.
Waiver of Subrogation is new to me and thank you for educating us.
why would i upcharge them... imma just ask them to sign another one
Why is it that the agreement (between two entities) spells out what's required from the tenant but it never says what's required of the landlord /mgmt company?
Like if you do this for me (or us) we promise to provide:
- timely repairs to your performing "unit of production" (with in this time limit)
- Timely repairs to the building - especially when it affects building safety and security
- Heat and hot water
Isn't that covered in the countries law/regulation. Don't need to make a specific agreement for that. Because all Landlords need to follow one specific.
Can you reply with a sample of a Waiver of Subrogation clause? Thanks
Did you ever get a response. I’m looking for an example of this as well
Why would my own homeowners insurance go after me when the tenant didn't want to?
I need a lease for room rental
Yes or no to caretaker does it give him the right to walk in without permission.
I put my email for the disclosure went to my email and it disappeared??
I live in PA and am a renter. I had a 2 year lease and when the lease ended, my landlords were more than happy to give me a lease renewal for 3 years. After only 5 months into the lease, my landlord gives me a 30 notice that the rent is going up $150.00. Is this legal?
Every lease is different but if you signed a renewal for 3 years at an agreed upon rental rate, then they can't randomly just raise the rent mid lease. However, I don't know the details of your lease so read through it carefully. Did you sign a lease renewal document stating the exact terms of the renewal?
@@RicheyPropertyMgt thank you so much for your reply! I wasn't expecting someone to actually answer. Yes..I've read thru the lease and I feel I have an excellent chance to fight my case.
One.more question. ...do states rental rights (?) Supperceed the rights stated in these generic rental forms that are easily downloaded? I.live in PA and the minimal research I've done says these generic rental.forms do not hold weight against states' rental laws
Thank you again. I wont ask anything more. I have contacted a local law school to see if I can have someone (a student) represent me before a judge.
@@michaelokeefe8709 Good idea to contact someone to represent you who knows your state and local laws. The bottom line is that in every lease agreement, what's in it must hold up in a court. So I could write all kinds of nonsense into a lease and someone could sign it but at the end of the day, if it went to court, it wouldn't hold up if it didn't comply with the laws. Does that make sense? Of course I don't know your lease but I think you should have a good case. I know it's frustrating and time consuming to go through all this hassle but you'll learn something too in the process. Good luck with it!
I recently had a tenant who wanted to break the lease and leave after four months of occupancy. Is there a special clause that I should insert in my lease to cover this situation?
Early Termination Fee, equals to what ever is allowed or legal in your area.
@@ch0lito You can keep all prepaid rent and deposit.
Question: I was approved for a new home rental, gave my deposit and signed a contract with the Landlord, 4 days before my move in date Landlord calls me says his currant tenants changed their mind about moving and dont want to move anymore! What can i do??
Randy Meza That’s a tough situation! In all reality it’s very unlikely that the current tenant will move or that they can be forced out. I think the first thing I would do is to talk with that landlord and ask for compensation for any money that you might lose as a result of him backing out of the deal. Technically you have a legal contract and the landlord is not living up to their end of the contract. If you lost money because you had to hire movers or rent a truck or whatever or any money you have to spend now because you have to rent a temporary place can be factored in and you can ask the landlord for that as compensation. You can’t really ask for money as compensation for inconvenience but for actual money lost I would start there. If that doesn’t go anywhere then you might want to just have a conversation with a local attorney who can give you some advice on other things you could do. If it’s a smaller amount you may consider going to small claims court and seeking damages that way. Seems like the landlord would have known more than four days before the lease ended and notified you. Sorry you’re in that situation but hopefully you’ll find another place soon!
I wanted to know if I "as the landlord" need to do the lease agreement through an attorney or what do you suggest. I really appreciate your video. I just want to make sure it's done correctly. Thank you in advance.
I have a question can a landlord charge more rent without a lease or it in wrighting on any document.....
It depends on what state you're in and your local laws, but all states will have a required notice period for changes to the lease terms. In Virginia, if there is no written lease then a 30 day notice is the custom. I'd recommend checking with an attorney or legal advisor for your rights in your area. Many counties and cities also have public service departments that can help with consumer affairs and tenant services.
I Wish you were in Florida😢
What’s a Reasonable charge on the lease if the tenets agrees month-to-month?
I've seen rental rates double for month to month in the DCM area.
My lease had an 8% rent escalation clause, and other landlords thought that was too high and tenants wouldn’t agree - but I never had an issue with tenants agreeing to that.
Today, I think that 8% is too low - the rate of inflation for the past twelve months exceeded that 8%. I will be using language that will pick the greater of 10% or the CPI rate of inflation for the previous twelve months - just because prices are going up that drastically.
Double rent is typically used for “holdover” tenants who weren’t given a lease renewal but instead were told their lease was ending but they didn’t leave.
hi im a landlord and I want to fill a new lease contract
steven baldhead I hope these clauses can be helpful to you. Just look at your state laws and leases and incorporate them as they make sense. Good luck!
Thank You, You are Sweet and very helpful!!
You have to own the home to rent the home.
👍👍
rent is due on 1st but late on the 5th what does late fees look like, does it add on daily or flat fee $150? please advise
Either way can be used, but make sure the laws in that jurisdiction support the method you use.
In my case, I have an initial flat fee for late rent, and if a certain number of additional days pass without payment another flat fee is added on.
So there are many ways to do this.
@@stevebabiak6997 You can actually put that if the tenant stays past the date of lease termination he must pay a much higher rent.
@@stevebabiak6997 Were you actually expecting a broke tenant to pay the fee plus the rent?
@@crand20033 - the original comment was regarding late fees, not staying beyond the end of lease.
My tenants have paid late fees when they have been late, and I expect them to do so or be asked to move (and be evicted).
@@stevebabiak6997 If they lost their means of income and can't pay the rent they can't pay a late fee either. Just put in the lease that if they stay past the end the lease as a holdover that the rent is higher. That way they might move out.
The link supplied in the description does not work properly; upon supplying an email address this message appears: “Account is cancelled and can not accept new subscribers.”
We made some changes so I edited the link- thanks for pointing that out! Here is the link for you to access that document and others. Hope it is helpful richeypropertymanagement-21139314.hs-sites.com/giftcatalog-0
@@RicheyPropertyMgt - don’t forget to change the link under the description, because that’s where other people will be looking …
Thanks, but link does not work.
I figured out why, there's an extra dash on the link right before the word, innovator.
@@pulseofnature4879 I fixed it and tested it so it should work now. Thanks for letting me know and if you have problems getting the download, let me know! Thanks for watching the video.
@@RicheyPropertyMgt Thank you!
Always have a requirement that tenants need to have renters insurance.
Here's one: Renter hereby agrees and acknowledges the deposit and/or rent paid will not be refunded if he is unable to move in as agreed. Rent paid is not refundable if renter moves out early.
Mam, could you help me to find out accommodation in Moose jaw, Saskatchewan for student?
O seu coração de Jesus I have to get my car in about a week or a half ago I got to get a new one I have a couple things I
Voice quality is very low
Volume too low.
Voolume is set too low. I can barely hear this video and everything is turned up.
Trying to lock a tenant in another lease is wrong
As a tenant their is no way in hell I would sign a paper stating that I agree to be responsible for my roommates (another tenant) rent AND actions. I am not his/her owner, I can not force them to go to work, write the rent check, not get a pet, not smoke in the apartment (especially when I am not even home) ect. I am not their babysitter, their mother, or their personal financial manager! I have a life too! Why should I get evicted and have an eviction record because my roommate who is an ADULT! decided to either not pay the rent or break the lease! Anyone who agrees to sign that is either desperate and out of options or unaware of the (potential) consequences of agreeing to such terms.
You have probably signed a lease just like that already; “joint and several” is common language in leases.
You might not have understood that meaning, or may not have paid close enough attention to the lease when signing it …
You have hit upon the very reasoning as to why your choice of roommates is important. If you choose some scoundrel as a roommate, that is not going to go well. So choose wisely.
I would like to know if the fair housing act discriminates against all people regarding the ability to get and maintain safe affordable housing. People are being priced out of safe and affordable housing daily. It should not be the right of a landlord to be able to raise the rent at the beginning of every lease. I believe this is overall violating ALL people's rights to fair safe and affordable housing. The literal interpretation of safe fair and affordable housing should be available to all and not be subject to constant rent increases that are designated as allowable in the fair housing act. In summation, landlords are raising rents and effectively putting people at risk of being homeless. The people who are at risk are the people 'designed' to be protected by this act.
A month 2 month bias
Most landlords are con artist, most agents support their con artist.
It's a big investment buddy
landlords are all gangsters
why? because they want to protect their investment?
Well..... if you don't like landlords, the solution is simple. Own your own home and never rent..... see problem solved!
I'm a gangsta chilling at the beach you should try it