The 4 Most Important Rental Forms
As landlords and property managers, we all have an opinion of what our favorite rental forms are.
Many believe a quality Lease Rental Agreement is the most important because it is the legal binding contract that lays down the law of the agreement for which the landlord and tenant will adhere.
 Another opinion is that a rental application with all the right ingredients is the most important rental form because without a proper tenant screening, a landlord will be in big trouble! Of course, we all know that if you rent to a bad tenant, no lease agreement in the world, no matter how wonderful it is, will give you a pleasant tenancy - NOT with a BAD tenant!
Assuming you screen your tenant applicants properly and have a good instinct for selecting good ones, what do you think the 3rd most important rental form should be?
In my opinion, it is a form I created a few years ago, which has really made a positive impact on how my tenants pay their rent. It has actually prioritized their rent in their minds to be just as important as their credit card payments! Yes, it is the Credit Reporting Disclosure Notice to tenant. Before signing the lease agreement, we explain that "we report tenant payment performance" to the credit bureau, it makes a difference!
The 4th most important rental form I want to tell you about will make a huge positive difference on how your tenants will respect and care for your rental property! The Property Condition Report is not only a complete Move-In and Move-Out Condition checklist signed by the tenant at Move-In, it also puts the tenant on notice that the condition has been documented, dated, and acknowledged. Magically, tenants will care about how nice they leave your rental when they move out!
These are probably the most important forms used by most landlords and they are also the most bought essential forms on The Landlord Protection Agency website! Try to keep in mind that all of our "Essential Forms and Lease Enforcement Forms are designed to interact with each other and support the LPA Lease Agreement!
|
