Here’s a typical lease agreement nightmare. Make sure your rental lease agreement protects you in situations like this. http://www.rentingauthority.com/lease_agreement/

Patti bought a generic lease agree from an office supply store. It covers the basics: when rent is due, late fees and when the lease ends. Unfortunately for Patti, the generic lease did not cover 4 vital issues that created a nightmare.
1. Guests
2. Pets
3. Waterbeds
4. Rental insurance

Issue 1
Patti’s tenant Rochelle decided that her boyfriend Chris should move in her. Rochelle did not feel she needed to inform Patti because the lease did not mention anything about guest staying in the rental with her. Patti did not find not about Chris until too late.

Issue 2
Chris moved in and brought his two cats and 75lbs dog. Chris and Rochelle were irresponsible with their pets. The cats used the carpet as a litter box and the dog dug holes all over the yard. He also barked constantly at the neighbor’s children.

Issue 3
Rochelle liked Chris’s waterbed, so he set it up in the upstairs bedroom. Chris and Rochelle both worked and left the pets unattended during the day. On a Thursday, they left the backdoor slightly ajar. The dog came in the house and chased the cats throughout. Sadly, the tan cat jumped on the waterbed and the dog followed. This chase resulted in a punctured waterbed.

When Chris and Rochelle returned home, they found the front room’s drywall sagging to the carpet and 2 inches of water throughout the house. Rochelle immediately called Patti and told her she needed to come fix the damaged ceiling and the carpets.

Patti was shocked when she arrived at her rental unit. Rochelle greeted her and demanded the damages be repair or she was moving out because the house was unlivable. Patti could not believe what she heard.

Issue 4
Then the blame game started. Patti told her, Chris, the cats and the dogs were not part of the lease agreement. Waterbeds were not allowed in the rental. Patti added Rochelle should have the common sense to have renters insurance. Rochelle found a copy of the lease and showed Patti that none of these issues were covered in the lease agreement.
Who lost?

Patti did.

Her lease stated nothing about the length of time a guest could stay in the rental. There were no references to pets, waterbeds or renters insurance. Patti called her insurance company to start the claim process. It took two weeks for a restoration company to make the repairs and clean up her rental.

Because Patti used a generic lease and not a custom lease, she spent $18,045.23 on repairs (and three sessions in therapy). She is stuck with an unwanted guest and pets and has no recourse.

Don’t be a Patti

Create a customized rental lease agreement with Renting Authority. Our leases are used by 1000 of landlords. It is created to protect you, the landlord.

If terms are not spelled out in a rental lease agreement, you have no recourse. Don’t be a Patti, cover your assets. Get the best rental lease agreement you can.

Renting Authority’s customized lease agreement has over 25 legal points to protect you and your assets. Plus, receive a FREE Lease Agreement Check List when you create a lease agreement today. ($9.95 value) http://www.rentingauthority.com/lease_agreement/

Here are a few additional features of Renting Authority’s rental lease agreement:
- Rent/lease apartments, condos, basements, houses, etc.
- Select various fixed and periodic terms
- Choose number of tenants
- Flexibility with utilities, pets, insurance, parking, rent increases, signing incentives, rent to own, maintenance, and tenant improvements

Create your own rental lease agreement with our easy step by step process.

The lease can be edited in Microsoft Word and stored on your computer for future reference or additional changes. Click the link below and create your lease agreement now. http://www.rentingauthority.com/lease_agreement/

If you need help, use our live customer service support - call or chat online. Really, you can speak with a live person. Make a move in the right direction. Click here and create your customized lease agreement now. http://www.rentingauthority.com/lease_agreement/ Plus, receive a FREE Lease Agreement Check List when you create a lease agreement today. ($9.95 value)

Sample Rental Lease Agreement
http://www.rentingauthority.com/samplelease2.html

To your success,

Troy Boldt
888-674-9181
tboldt@RentingAuthority.com
http://www.RentingAuthority.com

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This entry was posted on Thursday, January 8th, 2009 at 2:51 pm and is filed under Landlord Basics, Landlord Nightmares. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.