Landlords must follow certain guidelines when preparing leases. This ensures that the lease agreement template is valid and binding. Although state laws may vary as to details, there are many general guidelines that landlords must follow if they want to set up a valid lease agreement.
Written Leases Only
In most states, leases must be in writing to be valid. Oral leases and agreements are difficult to enforce because there’s no evidence of what the actual agreement was, and misunderstandings can occur because both parties had a different interpretation of the terms of the agreement. For example, if you and your tenant have a verbal agreement about the day he is to pay his rent and he doesn’t pay on the first day of the month because he thought the agreement was that he has until the 15th of each month, it’s difficult to evict him. Get all important facets of the lease in writing to protect yourself against problems resulting from these types of misunderstandings.
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