It's easy to protect your rental property with a lease agreement.
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Becoming a landlord allows you to increase the return on your investment.
A lease limits your risk and defines your relationship with your tenants.
A rental agreement covers deposits, late fees, maintenance and landlord obligations.
A residential lease agreement is designed to limit your potential liability, and to explicitly define the duties and responsibilities of both you and your tenants, based on the laws of your state. A solid residential lease is an important part of protecting your rental property, so you're free to focus on increasing the return on your investment.
You can choose to include the features and options that are applicable to your property—pets, parking, appliances, utilities and more. The lease also spells out details about security deposits, late fees and other issues according to your local and state laws.