Posted by kyplowboy on September 14, 2009 at 00:25:05 from (63.146.226.90):
In Reply to: Leasing agreement posted by Tractormiallis on September 13, 2009 at 19:14:50:
There is two ways to do this. First is get a local university template and fill it out the way you want it or drop a few hundred bucks and get you lawyer to write one up. It will be 6+ pages long and cover every thing that could possibly come up. Then you put an add in a few local papers, take bids till a given date and the highest bidder wins. (Read on another forum last year when folks were going nuts that a land owner held an actual auction, even charged folks $1,000 for the chance to bid, and had over 50 pay. That will go a ways on property taxes on it's own!!!) You will always have close to the top dollar on rent because you don't want to go out past 3 or 5 years, then take bids again.
Or you could look around your local area. Find some one who takes good care of his landlords, works hard, and is good for their word. Ask them to come over to the house one rainy day and yall set down at the kitchen table with a piece of note book paper, work things out like men, sign, and copy.
As a land owner, it's your choice. Develop a relationship with a local person who will be loyal to you or just be one of checks a BTO writes twice a year for 3 years at time.
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