The landlord-tenant relationship is one that can be positive or one that can be fraught with conflict and disagreement. What’s the different between the two? In many cases, the difference is having a comprehensive lease that covers the right things vs. having an ambiguous lease that is open for interpretation.
Many new real estate investors know how important a lease is to their success, which is why they often wonder how to write a lease agreement that protects the interests of both parties — and that leaves nothing open to interpretation.
At HUNTAHOME, we provide property management in Dallas and Fort Worth, which has given us a great deal of experience in crafting thorough lease agreements that help create positive landlord-tenant relationships. Here’s a look at how to write a lease agreement, what to include, as well as a rundown of who is responsible for different things at a rental property.
What to Include in a Lease Agreement
Creating your own lease agreement can be a challenge. You’ll want to consult a real estate attorney before you consider your lease “final,” but start drafting your lease agreement by addressing the following categories:
The lease agreement is yours to customize. Start with the categories listed out above, but add any other regulations that you deem necessary or that need to be addressed because of the unique nature of your property.
Landlord vs. Tenant Responsibilities
Conflict in the landlord-tenant relationship typically stems from a misunderstanding around who is responsible for what. To help you get off to the best possible start in your next landlord-tenant relationship, here’s a look at who is typically responsible for what tasks, activities and financial obligations.
Landlord Responsibilities
The landlord’s responsibilities can be summed up as this: refreshing the property between lease agreements, providing repairs when need, as well as replacing any home fixtures, appliances or systems that are no longer working properly.
More specifically, landlords are typically responsible for the following:
Tenant Responsibilities
While the landlord’s responsibilities typically include repairs and replacements, the tenant’s responsibilities revolve around regular maintenance, repairing tenant-incurred damage and reporting anything that would be the landlord’s responsibility.
More specifically, the tenant’s responsibilities include the following:
When a tenant moves in, give them a welcome packet that includes contact information and a copy of the lease agreement. Then walk through the lease with them and talk about who is responsible for different things at the home.
At HUNTAHOME, we handle lease agreements for real estate investors throughout the Dallas and Fort Worth areas. As the leading provider of DFW property management services, we can make your life as a real estate investor so much easier. When you hire HUNTAHOME for property management in Fort Worth or Dallas, you get to sit back and enjoy your cash flow while we take care of the hard stuff.
Get in touch today to learn more about our DFW property management services.
Unlocking the Best Residential Property Management Services in Dallas and Houston, TX with Huntahome Managing residential properties can be a…
Maximizing Your Investment: Dallas Residential Property Management Services Investing in real estate can be a lucrative endeavor, especially in a…
From tenant screening and maintenance to rent collection and legal compliance, managing a property is a multifaceted task that requires…
Do you need help renting out your property? With 30+ years of combined property management experience, we are committed to…
Are you ready to sell your home? Are you moving out of state? Are you looking to upgrade from your…
Choosing to lease out your home instead of selling it, can be a smart financial move. By leasing out your…