In this segment, I am going to talk to you about some of the key points that you need to consider when you write your lease. This is a New York State residential lease agreement that I actually have in place with one of my tenants. You will see up here that I have the tenant's full legal name, which is very important. Also, make sure to include the legal address of the property and specify the term of the lease. In this case, it is a one-year lease, and I have mentioned the beginning and ending dates of the lease. I have also included the rental amount per month and the due date for the rent. The lease also covers other aspects, such as the damage deposit, or security deposit as it is called. It is important to specify this in the lease. The lease is quite long and includes information about what happens if the tenant does certain things to the unit. It also addresses the situation if the tenant decides to vacate the unit early or not complete the lease, and discusses who would be responsible for attorney fees in such a case. Additionally, the lease addresses whether the tenant is allowed to paint the unit, have pets, or smoke inside. Finally, at the very end of the lease, there is a space for the tenant to sign off on the agreement, and for the landlord to sign as well. It is optional, but you could also have the lease notarized. If you choose to do so, make sure to provide your tenant with a copy of the notarized lease and keep one for yourself. This becomes the legally binding lease agreement. Remember, these are the important highlights to include in your lease agreement with your tenant.
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CO Residential Lease Agreement Form: What You Should Know
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