Property Management-Turning Rental Problems into Real Estate Profits

by | May 11, 2023

Lease Rules and Regulations

I have a list of rules and regulations that I put in place in my leases. This is something you can do. It doesn’t matter what lease you have. Again, you’re going to use a lease from your state board of realtors or your local board of realtors, and you’re going to add onto that what we call rules and regulations.

Guess what? Yes, you’re allowed to do that. You take the main body of the lease which is preapproved in the court systems up to the state and Supreme Court level, so you know it will stand the test of scrutiny in a court system if you have to go through a court case. You can add on to that a list of rules and regulations. I’m going to give them to you here.

You refer to this in your lease. It’s an addendum, exhibit, or an attachment, whatever you want to call it, but you refer to it in your lease and you attach this to the lease so when they sign the lease, they’re signing it with this attached to it, so they’re acknowledging your rules and regulations. You put in here right up top that the rules and regulations apply to the rental unit including buildings and grounds associated with the property.

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