@Stace Hill, I would recommend that you write it yourself. We used a standard state lease, which was very proposed by our lawyer, and then we simply removed all the parts that we didn`t want or need. Another cheaper alternative is to easily connect to a local investor and have them read or send you a copy. If you own a property and want to keep a business to manage the building, this agreement will protect your interests. If you own a property management company, this contract protects your interests and provides written proof of the terms negotiated with the landowner. Any agreement should be designed to best match both parties and the property itself. For example, an agreement for a commercial property that houses several companies will require specific consideration for companies located in the building. A residential property may have other considerations. My last idea about the bank is to be wary of the policy of your bank (or the mortgage holder) when transferring ownership of the property to an LLC. If you personally purchased the property and then transferred it to an LLC, you can issue the mandatory sale clause.

@Stace Hill As mentioned in another poster, why not save between US$400 and US$600 and use Indiana`s empty legal leasing forms? That`s all the documentation you need… every form for everything, as it concerns the rental of real estate. Give a manager the opportunity to take on all the day-to-day tasks of managing your property. These days, it`s about individualization. We adapt our computers, our mobile phones only have the applications we need (with our unique settings), we only TiVo the programs we want to see and we only hear radio programs of choice (if any). But when it comes to starting a business, entrepreneurs often use the same document as everyone else! You wouldn`t let your dentist check for heart disease! Take care of your own business. Let a lawyer design your management contracts, LLC papers and contracts for your unique business. I recommend you have a lawyer who is well experienced in the laws of landlords and tenants to ensure that you are brought to justice, for some reason, why it is well written and will stand up. Your wishes and requirements can be properly written. As a real estate manager, REALTOR or broker, we cannot “write” any rental contract, i.e. we can only fill the gaps (this applies to each real estate contract).

If the agent you have appointed does not have a written lease, they must use the STATE-provided FAR/BAR lease. Let`s say you have a veranda on the rental and it collapses while your tenant had a barbecue. Too many people buy properties and shout, “I`m an owner!” They are ignorant, they remain ignorant and have no business renting real estate to other people. I`m not sure, in another state, in the state of Florida own a property of a company namely Corp, LLC, etc. can not be represented in court, they must be represented by a lawyer. For all those who have already represented themselves here, you can pass once or twice depending on the judge, but these cases can all be recalled if the opposing party wishes. In addition, any changes you make to your startup securities, incentive systems, the power of each partner or shareholder in the company, the processes and algorithms used to pay each person can change dramatically, etc.