It is not a good idea to create your own house Rental Agreement forms from scratch unless you are very knowledgeable about real estate law. You don’t have to hire an attorney to create your forms, but they should definitely be based on a sample Rental Agreement form that has been verified by a qualified legal professional.
Other important considerations include:
Also, make sure you factor in local laws in your area that may apply to you as a landlord. Check the jurisdiction in your county and state.
Asbestos and Other Environmental Contaminants
Certain laws and regulations often get overlooked by landlords when creating Rental Agreements for tenants. A common one is asbestos exposure. Asbestos fibers can cause serious illness such as lung cancer if inhaled. Long exposure to high concentrations is very possible if there is a serious asbestos problem in the tenant’s living area. Many buildings have asbestos. It was popular among builders because of its tensile strength, resistance to heat, electrical, and chemical damage, and sound absorption. Review your local asbestos laws ahead of time to make sure your buildings do not violate these laws.
Landlords also should be aware of pest control laws. The landlord of a complex of homes or apartment buildings is responsible for at least a reasonable level of pest control or extermination. You are only exempt if the tenant causes an infestation by himself or herself. Remember that eliminating pests is especially important during the transition period between new tenants.
Rent control laws are important to understand as well. If there are rent control laws in your area, you may only be able to increase rent by certain amounts per year by law. Research the rent control laws in your area so you won’t be in danger of violating them if you seek to increase the rent for your tenant.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.