Create a Residential Lease or Property Deed with us
By definition, a real estate lease is an agreement between two parties: the owner of the real estate (landlord) and the person or persons interested in renting the real estate (tenant(s)). Such a written contract is necessary because it protects the landlord and the property against legal disputes by clearly defining the responsibilities of the two parties.
A standard residential lease agreement includes a few typical information such as: the duration of the lease, the rental rate to be paid and the payment frequency, the value of the security deposit, maintenance responsibilities, late payment fees, insurance obligations, and other details.
Drafting your residential lease agreement with us includes a personalized lease agreement that will perfectly fit the particularities of your property and rental situation, no matter if you are renting a room in your apartment or an entire house.
Our services also include drafting property deeds which allow you, if necessary, to add or remove someone’s name from the property title or include your property into your living trust.
Standard property deeds are legal documents including a series of basic information such as a description of the real estate, the identity of the parties, and signature of the owner which transfers the property. With our services you can choose from three categories of property deeds:
- Warranty deeds – cover transfer of ownership which include the granter’s promise that the transferred title is clear of any claims.
- Quitclaim deeds – documents transferring all the ownership rights to the new owner.
- Grant deeds – involve transfer of ownership with the promise of the owner that the property making the subject of the deed has not been previously transferred to another owner.
There are two distinctive situations in which you might need a written lease agreement. One is the situation in which you are thinking about increasing your return of investment by renting your property to a tenant. Either it is a room in your home or an entire apartment or house, a written agreement will protect you from unnecessary risks by clearly defining the rights and obligations of both parties involved in the agreement.
The other situation is if you are a potential tenant looking to rent a property or you are already a tenant but you don’t have a written agreement with your owner and you are looking to formalize your agreement.
A rental lease agreement gives both the landlord and the tenant the possibility of formalizing their verbal agreement and establish in writing the rights and obligations of each party, thus avoiding any misunderstanding that might arise later.
The amount that you can charge for late rent payments depends on the state you are in (if it requires a flat rate or not) and the location of the rented property. Generally, you can charge a percentage of the due monthly rate.