These are the checklists related to Lease.
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- Determine your Contract and Paperwork Attorney
If you're going to have the paperwork for working with your Real Estate Broker, Contract to Buy and Sell Real Estate, or any other paperwork you might sign reviewed by an Attorney before you sign it, you may want to determine who that Attorney will be.
This Attorney will also probably prepare or review your Lease.
Ask your Real Estate Broker for a recommendation.
Mark this task as complete once you've decided which Contract and Paperwork Attorney you will use to help review your legal documents or if you're qualified to review them yourself.
Asset ProtectionDream TeamDream Team - Pre-ClosingFirst Meeting: PaperworkLeasePaperworkUltimate Nomad ChecklistWeek 1
- Determine your Contract and Paperwork Attorney for Post-Closing Paperwork
If you're going to have your Lease (or any other paperwork you might sign) reviewed by an Attorney before you use it, you may want to determine who that attorney will be.
This attorney will also probably review your Contract to Buy and Sell Real Estate.
Ask your Real Estate Broker for a recommendation.
Mark this task as complete once you've decided which Contract and Paperwork Attorney you will use to help review your legal documents or if you're qualified to review them yourself.
Asset ProtectionDream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 54
- Meet with Contract and Paperwork Attorney to go over Lease
Once you've read through the Lease and highlighted sections you have questions about, take your questions and meet with your Contract and Paperwork Attorney and go over your questions about the Lease.
Mark this task as complete once you feel comfortable with the Lease.
Dream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 44
- Class Watch "Mock Tenant Screening" Recording of Live Class
Watch the recording of the live presentation of "Mock Tenant Screening" available on:
https://RealEstateFinancialPlanner.com/mock-tenant-screening/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 42
- Class Watch "The $5,000 Lease Demystified" Recording of Live Class
Watch the recording of the live presentation of "The $5,000 Lease Demystified" available on:
https://realestatefinancialplanner.com/the-5k-lease-demystified-nomad-2017-edition/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 44
- Get or create "Lease"
Download a copy of the "Lease" you intend to use (either from your Attorney or from your Real Estate Broker) or create your own with the help of your Attorney.
https://RealEstateFinancialPlanner.com/lease/
Mark this task complete once you have a copy of the "Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
- Read "Annotated Lease"
If you're using my "Lease", read the "Annotated Lease" to see examples of the "Lease" filled in and see how we explain it to Tenants and Tenant-Buyers.
https://RealEstateFinancialPlanner.com/lease/
Mark this complete once you've read through the "Annotated Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
- Read through "Lease"
Read through your "Lease" and highlight any sections you have questions about. Write down the questions you have.
Mark this task complete once you've read through the "Lease".
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 44
- Practice filling in "Lease"
Practice filling in a complete sample "Lease" before meeting with your Tenant or Tenant-Buyer to show a property and complete a "Lease".
Mark this task complete once you've practiced filling in a complete "Lease" and asking your Contract and Paperwork Attorney any questions if they come up while doing it.
LeasePaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 55
- Get or create "Lease-Option" documents
Have your Contract and Paperwork Attorney prepare your "Lease-Option" documents for your Tenant-Buyer or create them with your Attorney's help.
Mark this task complete once your Contract and Paperwork Attorney has prepared your "Lease-Option" documents.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant-BuyersUltimate Nomad ChecklistWeek 57
- Read through "Lease-Option" documents
Read through your "Lease-Option" paperwork. Highlight any sections you have questions about. Write down your questions.
Mark this task complete once you've read through your "Lease-Option" paperwork. You'll be scheduling time to meet with your Contract and Paperwork Attorney to have your questions answered in another task.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant-BuyersUltimate Nomad ChecklistWeek 57
- Meet with Contract and Paperwork Attorney to review "Lease-Option" documents
Meet with your Contract and Paperwork Attorney to go over the highlighted sections of your "Lease-Option" documents. Ask your Attorney your questions about the paperwork.
Mark this task as complete once you understand and feel comfortable with your "Lease-Option" documents.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordUltimate Nomad ChecklistWeek 58
- Determine your Tenant-Buyer Evaluation Criteria
Determine and write out the criteria that you'll use to evaluate a Tenant-Buyer.
Mark this task as complete when you have written evaluation criteria to be in compliance with Fair Housing Laws.
ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 54
- Determine your Rent (or Lease-Option Rent)
Determine what Rent you'll charge for the property or, if you're offering a Lease-Option, what Lease-Option Rent you'll charge for the property.
This is often done by researching what Fair Market Rent is.
Some Real Estate Brokers may subscribe to a service that allows them to pull rental comparables to help to determine rent.
Mark this task complete when you have determined your Rent.
Analyzing DealsASAPLeaseLease-OptionNet Operating IncomePrepare to be a LandlordRentUltimate Nomad ChecklistWeek 55
- Class Watch "Marketing for Tenants" Recording of Live Class
Watch the recording of the live presentation of "Marketing for Tenants" available on:
https://RealEstateFinancialPlanner.com/marketing-for-tenants/
ClassesLeaseLease-OptionPrepare to be a LandlordProperty ManagementTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 40Week 55
- Review "Marketing for Tenants" Recording of Live Class
If you haven't recently watched the live presentation of "Marketing for Tenants", you should review it again now:
https://RealEstateFinancialPlanner.com/marketing-for-tenants/
Advertise Property for RentLeaseLease-OptionProperty ManagementTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 40Week 55
- Review "Marketing for Tenants" Recording of Live Class
If you haven't recently watched the live presentation of "Marketing for Tenants", you should review it again now:
https://RealEstateFinancialPlanner.com/marketing-for-tenants/
LeaseLease-OptionProperty ManagementTake Calls from TenantsTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 40Week 55
- Review "Mock Tenant Screening" Recording of Live Class
If you have not done so recently, review the recording of the live presentation of "Mock Tenant Screening" available on:
https://RealEstateFinancialPlanner.com/mock-tenant-screening/
LeaseLease-OptionProcess ApplicationProperty ManagementSolving Tenant ChallengesTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 42
- Give Tenant/Tenant-Buyer copy of "Lease"
Give your Tenant/Tenant-Buyer a copy of the "Lease".
LeaseLease Signing and Lease ReviewLease-OptionTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 60
- Explain "Lease" to Tenant/Tenant-Buyer
Go over the "Lease" in detail, section by section explaining it to your Tenant or Tenant-Buyer.
Encourage them to seek advice from their attorney.
LeaseLease Signing and Lease ReviewTenant-BuyersTenantsUltimate Nomad ChecklistWeek 60
- IF TENANT-BUYER: Explain "Option" to Tenant-Buyer
If you're doing a Lease-Option, go over the "Option" in detail, section by section explaining it to your Tenant-Buyer.
Encourage them to get the advice of their own attorney.
LeaseLease Signing and Lease ReviewTenant-BuyersTenantsUltimate Nomad ChecklistWeek 60
- Have Tenant/Tenant-Buyer sign "Lease"
Have your Tenant/Tenant-Buyer sign the "Lease".
LeaseLease Signing and Lease ReviewTenant-BuyersTenantsUltimate Nomad ChecklistWeek 60
- IF TENANT-BUYER: Have Tenant-Buyer sign "Option"
If you're doing a Lease-Option, have your Tenant-Buyer sign the "Option".
LeaseLease Signing and Lease ReviewTenant-BuyersTenantsUltimate Nomad ChecklistWeek 60
- Give Tenant/Tenant-Buyer a copy of signed "Lease"
Once your Tenant/Tenant-Buyer has signed the "Lease" give them a copy.
LeaseLease Signing and Lease ReviewLease-OptionTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 61
- IF TENANT-BUYER: Give Tenant-Buyer a copy of signed "Option"
If you're doing a Lease-Option, once your Tenant-Buyer has signed the "Option" give them a copy.
LeaseLease Signing and Lease ReviewLease-OptionTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 61