If you need assistance, please call 352-404-5942

Why You Need a Lease Agreement

Friday, March 15, 2019   /   by Harvey Rosenberg

Why You Need a Lease Agreement


Whether you are renting as the tenant or the owner, a lease agreement is imperative to protect both parties. It's not as simple to merely have an agreement that states what is owed and when. We'll look at why you need a lease agreement and how to make it easier to come to terms both parties agree with.

lease-agreement-2.jpg

Clear Definitions


When you have a lease agreement, put everything you can think of into it so that you have a clear definition as to who is responsible for what. Even if this is a lease between friends or two people that know each other, it's important to have this in writing. 

Consider things such as the following:

  • How Much is Rent
  • When is Rent Due
  • What's the Late Fee 
  • Where are payments sent
  • What is the Pet Policy
  • What is considered Emergency Repairs
  • Who's responsible for lawn maintenance
This is just a few things to consider. Items will vary depending on the home, the location of the owner, and other special circumstances. 


Avoid Legal Battles


When you have a lease agreement, with clear definitions, legal battles should be non-existent. This works for both parties. If the tenant is late on rent, the owner has a clear path of action to take. Alternatively, if repairs are not taken care of, the tenant can use the lease agreement to remind the owner what needs to be done. 

Property Management for Tenants and Owners


Using a property management service, such as Realty Professionals, protects both parties involved in leases. A professional property manager will take care of things such as the collection and payment of rent, maintenance coordination, rental applications and lease agreements via a lawyer. 

As for tenants, a professional property management company offers a secure and convenient way to pay rent. This protects the tenant with a clear transaction history. Additionally, submit maintenance requests online so that the request is clearly documented. 
Realty Professionals of Florida, LLC
Harvey Rosenberg
300 East Highway 50
Clermont, FL 34711
352-404-5942

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.9/23/2020 4:23 PM CST
This site powered by CINC: www.cincpro.com