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Realtors Association: Standard Lease Agreements

Realtors Association: Standard Lease Agreements

The National Association of Realtors is a trade organization for licensed real estate brokers and sales persons. Not all state Realtor associations offer standardized Realtor-approved forms for use by their members. Instead, Realtors differ in forms issued by the state's real estate commission. If the state does not issue a particular agreement or contract, such as a lease agreement, the broker must use a contract that is appropriate, and legal, for the situation.

Standard Lease Agreements

    Most of the state-approved contracts deal with the purchase of real estate and their contracts do not extend to lease agreements. When a state does not provide forms, some state or local Realtor chapters, such as the Pennsylvania Association of Realtors, offer Realtor-approved forms, including lease agreements. Some local municipalities, such as the city of Boulder, Colorado, offer city-endorsed lease agreements since the state of Colorado does not have a state-approved lease agreement.

Risks of Generic Lease Agreements

    Realtor Barbara Holland, of H&L Realty & Management Co. in Las Vegas, Nevada, notes in an April 2010 article entitled "5 Risks for Property Management Newbies" that there are dangers in using generic lease agreements. Boilerplate agreements such as those easily found on the Internet, Holland says, may not be thorough enough, or include sections which are required by state law. The bottom line, she warns, is "you're leaving yourself exposed" with a generic lease.

Customize For Your Needs

    Lease agreements should address such issues as when the rent is due, penalties for late payments and when the lease is in default if payment is not made. The lease should spell out who is allowed to inhabit the house, how many pets, and what kind of pets, if any, are allowed on the property. A poorly written lease agreements can lead to ambiguity, which can cost a landlord if the agreement does not cover a broad enough range of important issues.

NAR

    Realtors are bound to a code of ethics which, the NAR says, often demands ethical behavior higher than that required by the law. Still, because of the wide range of circumstances that may need to be addressed in a lease agreement, the Institute of Real Estate Management offers accreditation to become a Certified Property Manager. The training offers Realtors who acquire the certification expertise with leases and other property management situations with residential, commercial and industrial real estate.


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    Air Commercial Real Estate Association Standard Industrial/commercial Multi-tenant Lease - Gross - This Triple Net ...


  • OREA - Ontario Real Estate Association

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  • California Association of Realtors Lease Agreement

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    Dec 01, 2010 California Association of Realtors Lease Agreement document sample ... California FarmLink P.O. Box 2224 ...


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  • NAR: Real Estate Resources: 2012 Code of Ethics and Standards

    www.realtor.org/mempolweb.nsf/pages/code

    Real estate laws and policies, such as the 2009 Code of Ethics and Standards of Practice, are just some of the real estate tools and resources available from NAR


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    www1.honolulu.gov/dcs/harresidentialrentalagreement.pdf PDF file

    RENTAL AGREEMENT Hawaii Association of REALTORS Standard Form Revised 6/06 (NC) For Release 5/10 ...


  • TEXAS ASSOCIATION OF REALTORS COMMERCIAL LEASE - Lease Agreement ...

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  • AIR COMMERCIAL REAL ESTATE ASSOCIATION STANDARD

    www.agreementworld.com/...real-estate-association-standard...lease-ne

    air commercial real estate association standard industrial/commercial single-tenant lease net by mri interventions, inc.


  • RENTAL AGREEMENT Hawaii Association of Realtors Standard

    realtor808.com/realtor/forms/rental_forms.pdf PDF file

    RENTAL AGREEMENT Hawaii Association of Realtors Standard Form Revised 5/05 For Release 5/05 Page 1 of 4 Hawaii Association of REALTORS RR 301 Rev 5/05


  • Standard Lease Agreement Printable Real Estate Forms

    www.printablerealestateforms.com/.../standard-lease-agreement

    FREE Standard Lease Agreement FORM - Printable Real Estate Forms Printable Form - Legal Information and Documents - Online Legal Forms

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