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Greater Boston Real Estate Board Lease Form
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FAQs greater boston real estate board lease agreement form
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Is my real estate agent being honest? He said he has to pay $100 to Zillow each time someone fills out the contact listing agent form on my house. True?
Not to my knowledge. In my area, the way Zillow works is it pulls listings from the MLS (multiple listing service) unless I check a box that says the seller prohibits this. So it’s no more work for me to list your property on Zillow than in the MLS. Zillow sells real estate agents “leads” (queries about specific properties) or (in a new program) takes a % of the brokerage fee after a property has closed. Contacting agents online is free to both parties.
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If I'm going to rent out my house, how do I come up with a lease? Do I need a real estate lawyer or some kind of professional to help me?
First, call a lawyer and have them draft a lease agreement based on your needs for your property.Then, figure out how you will evict your tenant should they refuse to pay once they’ve moved in.So many first time landlords never even consider what it takes to get a renter out of their property. Do this first! It will save you your investment if you know how to act quickly to get a non-paying tenant out who is basically committing theft of services by occupying your property without having paid.A few rules of thumb:Set your standards of screening for your tenants. Minimum acceptable credit score, what qualifies as proof of income, screen for criminal history, contact former landlords for references, etc. If a tenant does not meet those standards, then deny the application or ask them for a co-signer or to prove why the screening results aren’t correct.Only accept verified funds for security deposits, 1st and last month’s rent, cleaning or moving fees and all costs associated with move in. This can be an ACH transfer, Venmo, Paypay, Money Orders, Cashier’s checks or if you have a Merchant Account, credit and debit cards. Cash and personal checks are not recommended due to the problems they may cause.Clearly state the house rules in the lease agreement. For instance, if you are not allowing pets, say so in the lease and what the consequences are should the tenant decide to keep a pet. This should include pets, parking, smoking, acceptable storage (the front yard is not a toy grave yard, for instance), and general appearance of the interior and exterior of the property.Clearly state what the tenant is responsible for. Is the tenant responsible for mowing the lawn, clearing snow, setting up trash service, paying utilities? Make sure they know it.Insist on proof of utilities accounts prior to giving the new tenant keys. Stand firm on this or you may end up paying your tenant’s heat bill next winter.Insist on proof of renter’s insurance with your business being listed as an interested party on the account. This could simply be the declarations page of the Renter’s Insurance. Make maintaining renter’s liability insurance part of the rental agreement.You’ll need to understand the Fair Housing Act and it’s associated laws. As a landlord of a single rental unit, you won’t be held accountable for most of what is in the Fair Housing act. But undergoing a HUD fair housing violation investigation is pain in the ass for everyone. Even if you are later found to not fall under the jurisdiction of the Fair Housing Act, you’ll still be subjected to an investigation should prospective tenants file claims against you.Maybe consider hiring a Leasing Real Estate Agent to manage your property. Good luck and welcome to your new business.
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We just signed a 12mn lease in Texas and, we found out that the house smells. The real estate agent/management had refused to cancel our lease and declined to do something about the smell too. How can we get out of this lease without paying a fine?
Did the house smell when you viewed it for the 1st time? If the smell could be harmful for your health, you should be successful in breaking your lease in small claims court, but you will need some proof from a medical provider. If it is not harmful to your health, you may have difficulty breaking the lease. If you really want out, continue to pay your rent so you preserve your credit and rental reference, and schedule a hearing for small claims court. You will need a very compelling argument for the judge. Good luck!
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