Property Management Agreement (image: c-rem.com)
Are you a do-it-yourself property manager? Do you use a generic rental lease agreement? Well, if you have never hired a property manager then here’s some good reason to consider hiring a real estate agent to help you with your rental lease agreements.
Creating a a bullet proof rental agreements are not for the faint of heart. In fact, the California Associations of Realtor’s Lease Contract has more than 46 legal clauses that cover everything that range from possession
Below is a sample list of the legal clauses that are covered in a typical rental agreement:
- Late Charges
- Assignment and subletting
- Breach of Contract
- Damage to premises
- Lead-Based paint
- Megan’s Law
- Methamphetamine Contamination
- Rules and Regulations
- Alteration and Repairs
- Insurance
- Waterbeds
- Waiver
- Mediation
- Attorney Fee
Just imagine if you have to develop your own rental lease agreement that would not only be legal but could also stand the potential challenge in a California Civil Court in case of a dispute. Needles to say that there are alternative source of rental lease agreements such as Nolo Press and Rocketlawyer, but our brokers have advised us against these contract since some of these contracts might contain language that’s not recognized by California courts.
Bottom line is that you should include the name of your Real Estate agent in your Rental Lease agreement since that’s the best way to protect yourself in case of trouble with your tenants.
Contact Us if you have any questions about your lease agreements.
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