Episode 34: Lease and Addendum Breakdown, A 3-Part Masterclass (Part 3)
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This is the final episode where we discuss leases and addendums, part 3 of a 3-part series. If you have not yet listened to episodes 32 or 33, go give those a listen before you dive into this episode where we are talking all about the addendums that can accompany the base lease used for your rental properties.
We started this series with the base lease (ours is 21 pages), where we discussed each section, paragraph by paragraph, that should be included in every landlord’s lease, and we explained why.
The first two episodes covered the main components of the lease that MUST be in every lease and items that are more to cover yourself with regards to your criteria or conditions and standards you set for your rental properties. Things like prohibitions, repairs to the property, and appliances.
This episode we go over many of the addendums that are commonly used in both single-family homes and multifamily rentals. From landscaping to storage and garages, as well as mold, lead, and asbestos notifications. Plus, many more!
We are sharing personal stories to help our listeners understand their importance, as not every area pertains to all rental properties.
We do not expect DIY landlords to write their own leases! You can purchase REALLY GOOD leases online at EZ Landlord Forms. Check out the link and discount code in our links below!
Already have a lease? If you feel anything you learn in these 3 episodes pertains to your rental property, take your lease to your legal team and have them add it in. We hope you enjoy this lease and addendum breakdown!
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