5 Reasons You Need To Use Free Landlord Forms

When you're brand new to the landlord business, it may surprise you how much paperwork you'll need to complete to legally protect yourself.

  • Tuesday, November 8, 2016

  General   Tips   Paperwork & Forms   

When you're brand new to the landlord business, it may surprise you how much paperwork you'll need to complete to legally protect yourself. Using free landlord forms will ensure you have the correct documentation from the start of your first landlord-tenant relationship and decrease the risk of misunderstandings with your tenants.

Here are five occasions where it's important to use written documentation as a landlord:

  • Finding New Renters: Use a rental application form to learn about your prospective tenants' residential and employment history, and to get the information necessary to perform a credit and background check.
  • New Tenants are Moving in: A strong residential lease agreement will ensure both parties agree on the tenancy terms. After your tenants pay their security deposit, give them a security deposit receipt form as documentation, and a tenant move-in checklist to help the move go smoothly.
  • Rent Payment is Late: If your occupants don't pay the rent on time, a late rent notice informs them of late payment requirements. It also gives you the beginning of a paper trail in case they continue not to pay, so you can send a pay or quit eviction notice.
  • Raising the Rent: Use a rent increase notice to increase the rent when the time comes.
  • Ending Tenancy: A 30 day notice to vacate is a simple, legal way to require your tenants to move out. If you or your tenants are breaking the lease, also use a lease termination agreement to agree to the terms of ending a lease early. Finally, a moving out cleaning checklist will help your tenants leave your property in excellent condition.

DISCLAIMER:

VerticalRent® is not a law firm, and the employees of VerticalRent® are not acting as your attorney. Our educational blog or landlord forms engine is not a substitute for the sound advice of a local attorney, whom is familiar with your local laws and regulations. VerticalRent® cannot provide you with legal advice, nor are we permitted to engage in the practice of law.

We are prohibited from providing you with any sort of advice, opinion, explanation, or recommendation about your possible legal rights – which may include remedies, options, defenses, or the selection of landlord forms available on the VerticalRent platform. Our platform is designed to provide landlords and property managers with powerful online tools to screen applicants, collect rent online, advertise vacancies, and generate free landlord forms. To that extent, our blog often publishes general information on issues commonly encountered by landlords – such as evicting tenants.

Although VerticalRent takes every reasonable effort possible to ensure the accuracy of its consumer reports and landlord forms, we do not guarantee or warrant the information to be correct, complete, or up-to-date. The law changes rapidly across the United States, from jurisdiction to jurisdiction. We will not be held responsible for any loss, injury, claim, damage, or liability related to the use of our blog, landlord forms or consumer reports generated from this platform.



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