Lease Signing and Lease Review

If you haven't done so recently, review the recording of the live presentation of "The $5,000 Lease Demystified" available on:

https://realestatefinancialplanner.com/the-5k-lease-demystified-nomad-2017-edition/

If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://RealEstateFinancialPlanner.com/property-management-mastery/

Give your Tenant/Tenant-Buyer a copy of the "Lease".

If you're offering a Lease Option, then explain the Option to your Tenant-Buyer but strongly encourage them to talk to their own attorney.

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.

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.

Have your Tenant/Tenant-Buyer sign the "Lease".

If you're doing a Lease-Option, have your Tenant-Buyer sign the "Option".

Once your Tenant/Tenant-Buyer has signed the "Lease" give them a copy.

If you're doing a Lease-Option, once your Tenant-Buyer has signed the "Option" give them a copy.

If you're getting a roommate (renting out part of the home you're living in), remember to review their liability and renter's insurance policy.

Your homeowner's policy covers YOUR STUFF and the house, but your roommates each need their own insurance policy to protect THEIR STUFF and liability if they do something and are liable.

Insist they get and provide a copy of the policy to you. It is usually very inexpensive to get.