A lease is for the benefit of both the landlord and the renter. However, the lease only protects the individuals if it includes all of the important details. Find out which details a landlord should include in a lease.
1. The Tenant Names
Every lease should include the names of the tenants. Even if only one of the tenants is responsible for making the rent payments, all of the adults should be on the paperwork. By including them on the lease, the landlord can ensure that they are all legally responsible to uphold the terms of it.
As a result, the landlord can collect rent from any of the tenants. If someone fails to pay, another tenant must take the financial responsibility.
2. Occupancy Limits
A lease should also include limits on who can use the rental unit. Typically, landlords limit the tenants to the adults on the lease and their minor children. When you put occupancy limits on your lease, you retain the right to an evict a tenant for subletting or allowing others to move in with them.
3. Rent Payment
Every lease agreement should discuss the rent. In addition to including the cost of monthly rent, it should also include the due date of payments and how a tenant should pay.
While some landlords allow for multiple payment methods, you can specify only one. For example, you could include a clause that makes the tenant pay in the form of check sent to your address.
Your lease should also state what occurs when rent is late. To protect yourself, you can include a fee for bounced checks and late payments.
5. Repair and Maintenance Responsibilities
It’s important for your tenants to understand their role in repair and maintenance. According to Pennsylvania laws, the landlord is responsible for repairs if there is no information regarding the issue in the lease agreement.
However, the tenant could be responsible for repairs and maintenance for issues that are beyond the normal wear and tear. You should contact a Pittsburgh real estate attorney to find out how to protect yourself in the lease agreement.
6. Restrictions for Illegal Activities
For extra protection against illegal activity in your rental, you should include a clause that restricts illegal activity. For instance, you can prohibit excessive noise or any illegal activities. This can limit damage to your home and protect you from trouble with law enforcement.
7. Pet Policy
Even if you allow pets in your rental, you should have a pet policy. The policy can limit tenants to certain types of pets, specific breeds, and weight limitations.
If you are willing to allow all types of pets, you should still consider including a pet deposit in your lease. Many pets cause damage to their homes. With a pet deposit, you financially protect yourself from that damage.
8. Other Fees
Your lease should be very specific about all of the fees that come with tenancy. For example, it should contain details about the cost of the deposit. Is there a security deposit? How much rent do you require up front?
The more specific your lease is, the more protection you receive. Although renting can be a challenging experience, it can also be a great one. You can work with a real estate lawyer to make sure that your lease contains all of the necessary details to make your experience as smooth as possible.