How do I prepare a lease agreement for a tenant?
How to Prepare a Rent Perfect Lease Agreement
Before you can prepare a lease follow these steps:
1. Click "My Property" to add a property address to your account. Click "Yes" when asked if you will prepare a lease for the property.
2. Invite a prospective tenant to complete the online application and order their screening reports.
3. Once you approve a tenant you are ready to prepare a lease.
Step 1: Prepare a preview copy of the lease.
Click "Prepare Lease" on the home screen of your account.
Find the tenant's name and click the button that says, "Prepare Lease" found under the lease information. You will have the chance to add additional signers and occupants on the next step.
The property information you previously saved will automatically fill in most of the required fields for the lease. To edit any of this saved information, click the pencil icon and enter the desired changes.
Next, fill in the additional required information for the lease. This includes details such as:
Lease dates, monthly rent amount, first months rent, security deposit amount, and any additional lessees or authorized occupants.
When you are finished check the "I Agree" box at the bottom of the page and then click, “Save and Preview.”
Step 2: Preview the Lease, make any desired changes, and save again.
Once you click "Save & Preview" a preview copy of the lease will open in a new tab. (If the lease does not open in a new tab please try disabling your browser's popup blocker, then click "Save and Preview" again.) The lease will have a “PREVIEW COPY” watermark until you send a lease signing notification to the tenant(s).
Each time changes are made to the lease you must check the "I agree" box at the bottom of the page and click SAVE again.
If you need to continue the lease at a later time you can do so. Before you log out of your account remember to save any recent changes. To continue the process log back into your account, click, "Prepare Lease," on the home screen and then click, "edit," underneath the tenants name.
Step 3: Send a lease signing notification to the tenant(s).
When you are ready you will click "Send For Signature" to send a lease signing notification to the tenant(s). Each signer must log in to their Rent Perfect tenant portal to view and sign the lease agreement.
You must give confirmation to send a lease signing notification.
You will receive an email notification once a tenant signs the lease. You can also click, "view details," underneath the tenant's lease information to check the status.
Step 4: The Landlord signs the lease.
Once all tenants have signed their part of the lease, now the landlord must sign the lease. To sign the lease click the button that says, "Landlord Signature," then type your name to digitally sign the lease.
Type your name in the signature field to digitally sign the lease.
Click, “Signed Lease,” to view, print or save a final copy of the lease document. Rent Perfect will automatically store a signed copy of the lease in both the landlord and tenant portals. You can easily access a copy of the lease on your smartphone or computer at any time.
Changes to the lease after signature:
The landlord only has the ability to make additional changes to lease terms before the landlord signs their part of the lease. Once the landlord signs the lease no additional changes can be made. If the landlord makes changes to the lease terms after the tenant(s) have already signed the lease, the tenant(s) will be required to re-sign the lease to agree to the changes.
Early lease termination option:
In order to terminate/cancel the lease prior to the lease end dates all parties must agree to sign a lease termination agreement. The landlord must initiate the early termination agreement. To do so they will click "Lease Details" then click the green button, "Request to Terminate Lease." Each signer will receive an email asking if they agree to terminate the lease early. They must sign into their tenant portal to agree to the termination and sign the termination agreement.
Lease renewals:
Rent Perfect makes lease renewals a breeze. Simply click the "Renew lease" button when you are within the renewal window. By default the renewal option becomes available within 30 days of the lease end date; however, the lease renewal date may be changed in the property settings. (For example: 60, 90, 120 days before lease end date.) Click "My Property" and click on a property name to manage the renewal settings.
If you have any questions or need assistance call customer service at 877-922-2547 or send an email to info@rentperfect.com