DON'T allow the tenant to take a copy of your lease home for review or to his attorney before you have read and explained it first.
I have learned from past experience and on advice from John @ the LPA it is not a good idea to give the tenant the lease beforehand.
The reason is that you can totally undo your rental deal by scaring the tenant off with a VERY VERY VERY landlord sided lease.
The LPA Lease is completely fair to the tenant IF the tenant is going to be a good tenant, but it can scare people who do not understand you are just trying to protect yourself as a landlord.
So allowing the tenant to take it home and read it is a mistake.
1. If they show it to their attorney, they will be told how they will not be able to get away with anything. The lawyer won't like it, because his clients do not have the advantage.
2. If they read it themselves they may not really understand it and just feel intimidated.
That is why John strongly recommends you read it to the tenant in person to be able to explain each clause to the tenant and put them at ease. If you both understand what the agreement is, you'll have a better tenancy.
Thanks very much, Jack! Your input is most appreciated! - John
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Wealth Secrets and Quotes
"Action is the foundational key to all success."
- Tony Robbins
"It is not the critic who counts; not the man who points out how the strong man stumbled or where the doer of deeds could have done them better. The credit belongs to he man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
- Theodore Roosevelt
"Everything in your life gets better when you get better, and nothing is ever going to get better until you get better."
- Larry Winget
"You must learn from the mistakes of others. You can't possibly live long enough to make them all yourself."
- Sam Levenson
"How much did your last tenant problem cost you?"
- John Nuzzolese
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The LPA Lease is State Specific!
We've customized The LPA Lease to conform with each state's requirements! Just select your state when downloading!
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FREE BONUS - FORMS DISK
comes with all 2 - 5+ year LPA Memberships
Be a more powerful landlord - able to handle just about any landlord / tenant situation in a professional way, saving you time and money.
ALL FREE with LPA Membership!
Yes, this offer also applies to LPA membership renewals!
Having all the forms all on disk is a handy time saving convenience.
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Heads Up! E-Mail Notices and Reminders Collection
FREE New Feature for LPA Members!
With more and more landlords taking advantage of free and low cost advertising such as Craigslist and other online options, many tenants and landlords establish their relationship online and continue to communicate by e-mail.
Banks do it, utility companies and management companies do it, and you can too!
You don't need a complicated program to be able to send your tenants a simple e-mail reminder notice. You can simply copy and paste these Heads Up! E-Mail Notices and Reminders into your e-mails and send them as needed.
You can easily customize the existing notices for your tenants and even create new ones for other situations.
The fact is, e-mail reminder notices are effective. In today's society it is often easier and faster to reach someone by e-mail than by phone or postal mail. The simple reminder of a payment coming due or other obligation can sometimes make all the difference.
Please keep in mind that The LPA does not suggest these email notices as a replacement for printed official forms and notices. Official notices should be served to the tenant legally as described in your lease agreement, usually by certified mail and/or personal service. The e-mail reminders are merely a "Heads Up!" Friendly E-mail Reminder to let the tenant know of an upcoming event such as:
- #1 Heads Up Pre-Rent Due Date Reminder
- #2 Heads Up Rent Due Reminder
- #3 Heads Up Early Discount Reminder
- #4 Heads Up Rent Past Due Reminder
- #5 Heads Up Renewal Reminder ...
click for the complete article...
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FREE LPA Gift with Book Purchase!
Fellow LPA Member, Dr. Danielle Babb is a national real estate expert and author of the new Landlording Book, "The Accidental Landlord".
Get your copy now... with a FREE BONUS! from theLPA.com
Not only is Danielle Babb one of our county's most knowledgeable real estate analysts, she also shares excellent landlord information and advice in her book, "The Accidental Landlord". Plus she's a super nice person! - John Nuzzolese
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NEW SITE FEATURE: PICTURES!
Worth A Thousand Words!
The LPA's Rental Advertising division,"Landlord's Corner" allows you to include up to 6 pictures (thumbnails and full size pictures) in each rental ad. (UNLIMITED FREE ADS come with LPA membership!)
LPA members: FREE!
Non-members: only $5. per ad.
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LPA Membership Expiring?
Take Advantage of the Renewal Prices!
How to Check your LPA Membership Expiration Date:
- Be logged in with your LPA username & password
- On the "Main Menu" (top right), click on "Your Orders" (right below your name)
- The beginning date of your membership will be listed to the left of your membership order # in this format: YYYYMMDD
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NEW! Save Money with our Promotional Membership Renewal Prices!
*Your Membership Expired? No Problem!
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Electronic Rent Collection
LPA members have been asking me for a while now about how to set up automated rent payments with their tenants. I’d like to bring your attention to “ClearNow, the leader in electronic rent collection.” ClearNow enables you to have your rent automatically withdrawn from your tenant’s bank accounts and directly deposited into your bank account.
If you haven’t done so already, please check out …
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Interested in past LPA Newsletters?
Feel free to view the LPA Newsletter Archive
What are people saying about The Landlord Protection Agency?
After a while in the landlord business, showing rental properties to many tenants, you tend to hear some of the same questions and statements again and again. The screening process is alive from the moment you first speak with your new prospects until the leases are signed and the money is paid, so you must keep your eyes and ears open for clues and telltale signs of whether your prospect is the right tenant for your rental.