Fort Worth Property Management Pros Share How to Write a Binding Lease

If you're a landlord or property manager in Dallas, you probably have a standard lease agreement you use regularly. Below, Fort Worth and Dallas rental property management professionals offer advice on exactly why that leasing contract you use may or may not be legally binding.

How to Write a Binding Leasing Contract

• Describe the subject of the lease in no uncertain terms, so that if there is any future problem, a lack of clarity can't be used for a loophole or a lawsuit.
• Include all the fees your rental complex expects to be paid by the tenant. Extra fines and charges should be clearly outlined as well.
• State the amounts of the deposits you require, and write out exactly what they are for. Cover the precise circumstances under which any portion of the deposits may be withheld when the tenant decides to move out.
• It is not necessary to outline all the laws and regulations the state of Texas expects your tenant to obey, but certain ones bear repeating. Include any tha seem to crop up in your residential community, such as breaking down boxes or respecting recycling codes.
• Internal regulations must be spelled out completely. If you require an adult to accompany a child in the pool, for example, be sure to include that in the lease.
• Make doubly certain that each lease is correctly signed and dated.

Experts in Dallas and Fort Worth property management say this to the rental property owner: In the business of real estate investments, the well-written lease is the real tie that binds.