The Importance of a Current Lease in California
Calling all landlords in California — when was the last time you updated your lease agreements? Whether you’ve been renting an apartment to an old friend for years or you are responsible for managing dozens of properties and tenants, having an up-to-date lease agreement is highly important. This may sound like a hassle, but it doesn’t have to be. The Landlord Club can help you update your lease agreements to the current standards in California. Read on to learn why it’s important to have a current lease, and contact the Landlord Club to schedule a free consultation.
It’s Legally Binding
This is the point of having a lease agreement in the first place, right? It’s easy to print out a generic lease agreement off the internet and use it for your rentals, but it can put you in serious legal and financial risk. Some landlords skate by on generic or outdated lease agreements for years while their rentals are going smoothly — until the day that things get dicey. Don’t be one of them. Contact the Landlord Club to speak with an expert.
Offers Maximum Protection for You and Your Property
As a landlord, you tend to build relationships with your tenants over time. If you feel like you have a good read on a tenant’s character, you may trust them to treat you and your property with respect. Regardless, you’d still want them to sign a lease agreement, right? Well if your lease agreement isn’t current, you may not be getting the protection you were hoping for. Take a look at your lease. Does it cover guest clauses, utility responsibilities, and cases of utility over-use or malfunctioning? How about use-and-repair liabilities, fees protection, and terms for subleasing? This is only scratching the surface.
Improves Relationships with Tenants
There are many ways that an updated lease can also benefit your tenants. You don’t have to worry about having an awkward conversation with that tenant who has been on the same lease for ten years, or the new tenant who signed your previous lease six months ago. The Landlord Club can walk you through all of the ways that an updated lease can improve your relationships with your tenants. Better relationships will make your days easier, and help you keep great tenants in your properties for years to come.
Improves Relationships with Tenants
There are many ways that an updated lease can also benefit your tenants. You don’t have to worry about having an awkward conversation with that tenant who has been on the same lease for ten years, or the new tenant who signed your previous lease six months ago. The Landlord Club can walk you through all of the ways that an updated lease can improve your relationships with your tenants. Better relationships will make your days easier, and help you keep great tenants in your properties for years to come.
Ensures Compliance With Your State and Municipality
If you haven’t updated your lease to ensure compliance with your state and municipality, you could be in for some nasty surprises if issues arise with your tenants. Landlords are legally responsible for ensuring that their leases are compliant with all local and state regulations, not tenants, so you need to review your lease every year. Sounds like a lot of work? It is. That’s why you need to contact the Landlord Club. As a member, you will have all of your lease documents completed with California Association of Realtor forms, which gives you access to legal support from the strongest real estate attorneys in California.