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.