Landlord Rental Agreements

Landlord Rental Agreements05-05-14-rental-contract

When renting out your rental property , a homeowner should have a rental contract, or agreement, which spells out everyone’s obligations in order to ensure that both parties are clear as to what exactly the agreement is, and are protected, should the other not hold up his or her end of the bargain.

Writing  A  Rental Contract

1.  Create a title for your contract.  The title of a contract should be at the top of the document in bold type and should reflect the contents of the agreement.

2.  Describe the parties to the contract and state the date the contract will be signed. When describing a party, include his or her name, and the title by which he or she will be referred to throughout the contract, such as Guest, Homeowner, or Tenant.

For example, “This Vacation Rental Agreement is being entered into by John Smith, “Guest”, and Jane Smith, “Homeowner”, this 10th day of April 2013.”

3.  Describe the property being rented.  One or two sentences stating the address of the property and what furnishings and/or appliances are included is sufficient.

For example, “The property is located at 1212 Lawrence Street, Lawrenceville, ON 55555, is furnished, and includes a refrigerator, oven, stove, and dishwasher.”

4.  State the term of the lease.  One sentence, which states the date upon which the Guest may enter the premises, and the date upon which he or she must vacate it is sufficient.

For example, “This lease begins on May 1, 2017 (“Check-in Date”) and ends on October 31, 2017 (Check-out Date).” 5.  Provide the payment details. Include the amount of the deposit and monthly payments due, the date upon which it is due, the form(s) of payment accepted (cash, check, money order, or credit card), the beginning and ending dates of the payments, and the address where payments should be mailed and/or can be dropped off.

For example, “Guest shall pay to Homeowner a deposit in the amount of $700 due upon execution of this Agreement, and then $1200 on the 1st day of each month, beginning on June 1, 2013 and ending on September 1, 2013. Payment shall be in cash or personal check or money order made payable to Jane Smith, and mailed to Jane Smith, 1212 Lawrence Street, Lawrenceville, ON 55555.”

6.  Describe your cancellation policy.  Keep this simple and easy to understand.

For example, “Should Guest cancel his or her reservation, in writing, at least twenty-one (21) days prior to the Check-in Date, one hundred percent (100%) of the deposit will be refunded. All other cancellations will result in no refund of the deposit.”

7.  Describe the terms of your deposit refund policy.  A sentence or two stating when the deposit will be refunded, under what circumstances it will not be refunded, and to whom and in what form it will be returned is sufficient.

For example, “All deposits will be refunded by check payable to the first Guest listed on this agreement, within forty-five (45) days of Guest’s Check-out Date. If any amounts are subtracted from Guest’s deposit refund, a complete invoice will be provided to Guest along with any partial deposit refund.”

If you allow guests to purchase a non-refundable deposit waiver in lieu of paying a security deposit, this information should be included in this section.

8.  Define the duties of each party.  This section can be as long or as a short as needed to completely and accurately describe the duties of each party. Some things to consider including in this section of the agreement are:  Condition in which the property should be left.  While it seems obvious that a Guest should leave the property clean and undamaged, ideas about what clean and undamaged means may vary. Be specific about what you mean by clean. For example, “Guest shall leave the property swept and vacuumed, with washed appliances and bath fixtures, and trimmed lawn.”

Having your lawyer or paralegal look over your vacation rental contract is highly recommended.

Happy Investing,

Maria Rekrut

#Commercial, #RentalProperty, #, #, #, #, #, #, #

#, #, #, #, #, #, #, #, #, #, #, #, # #landlordrentalagreements.

 

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Women Need to Invest in Real Estate

  • Women Need to Invest in Real EstateHere is my published article about why women need to invest in real estate.  Only in real estate can a woman become truly financially independent.   Enjoy the article.Cheers
    Maria

    Maria Rekrut archive https://www.reiclub.com/realestateblog/why-women-need-to-invest-in-real-estate/

    http://www.realwealthrealestate.com/
    Email: realwealth@live.ca
    Tele: 289-271-0496

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Successfully Investing in Short Term Rentals With Maria Rekrut

Thanks to Gary Hibbert from Smart Home Choice Inc. for a great interview, it was so much fun talking to you and sharing my story!!

I appreciated sharing my story with you. It brings back such great memories. #ShortTermRentals, #Airbnb, #VRBO, #Expedia, #Booking.com, #MariaRekrut, #GaryHibbert, #SmartHomeChoice, #BedandBreakfast, #VacationRentals, #Condo

Kind Regards,

Maria Rekrut

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Posted in 2nd, 2nd home owners in real estate, Accommodations, Bed and Breakfast, holiday vacation properties, home stay, hotel, Inns, luxury homes, Marketing, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, motel, motels and hotel owners., Niagara Real Estate Investment Group, real estate agents and brokers, second home owners, vacation rental, Women in Real Estate | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Successfully Investing in Short Term Rentals With Maria Rekrut

February 2017 Network with Real Estate Investors

February 2017 Network with Real Estate Investors in Niagara Falls, Ontario

 

How to Be Successful with Short Term Rentals

  • Thursday,  February 23, 2017

    5:00 – 7:00 PM

  • Boston Pizza

    8444 Lundy’s Lane, Niagara Falls, ON (map)

  • We will be in the Boston Pizza inside of the Americana Hotel in the Back Room.
  • Spend some time together celebrating your Real Estate Achievements in 2016 and making plans for 2017 Real Estate goals.

    Network, chat and mingle with local real estate investors and business professionals for FREE on  the last Thursday at the Boston Pizza located in the Americana Hotel.

    This event is FREE and pizza will be provided, you can purchase your own drinks.   Bring plenty of business cards to hand out.

    Please sign up to attend at:  https://www.meetup.com/Niagara-Real-Estate-and-VacatioHospitality-Tourism-Meetup/

Posted in 2nd home owners in real estate, Accommodations, Bed and Breakfast, Fix and Flip, holiday vacation properties, home stay, hotel, Inns, luxury homes, Marketing, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, motel, motels and hotel owners., Niagara Falls, niagara on the lake, Niagara Real Estate Investment Group, Port Colborne, Real Estate, real estate agents and brokers, Rent to Own, second home owners, Social Media, social media marketing, St Catharines, Uncategorized, vacation rental, Women in Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on February 2017 Network with Real Estate Investors

January 2017 Network with Real Estate Investors

January 2017 Network with Real Estate Investors

  • Thursday, January 26, 2017

    5:00 – 7:00 PM

  • Boston Pizza

    8444 Lundy’s Lane, Niagara Falls, ON (map)

    43.087769-79.139214
  • We will be in the Boston Pizza inside of the Americana Hotel
  • Spend some time together celebrating your Real Estate Achievements in 2016 and making plans for 2017 Real Estate goals.

    Network, chat and mingle with local real estate investors and business professionals for FREE on  the last Thursday at the Boston Pizza located in the Americana Hotel.

    This event is FREE and pizza will be provided, you can purchase your own drinks.   Bring plenty of business cards to hand out.

Posted in 2nd home owners in real estate, Accommodations, Bed and Breakfast, Fix and Flip, holiday vacation properties, home stay, hotel, Inns, luxury homes, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, Niagara Falls, Women in Real Estate | Tagged , , , , , , , , , , , , , | Comments Off on January 2017 Network with Real Estate Investors

Why Women Need to Invest in Real Estate

Some women today are looking forward to starting their own business. Among all of the excitement, many women still have questions in regards to important things that they need to stay informed about.
There are many things that you need to think about when starting your own business. Some of these things include: Would you like to be a rich woman? Are you looking forward to making more and more money without having to get stuck in a routine? Do you believe in your abilities and really want to achieve something? Are you passionate about learning and starting your own business? Do you believe that you have what it takes to achieve your goals, if only you had the chance to get there?
Everything you dream of can be possible; you just have to invest your time and money today in order to gain a high profit. A great way to do this is to be a woman that invests in the real estate industry. It’s not magic that’s going to improve your profit. You need to take action, create your own business, and help others find a suitable property. Your actions are what will help you earn money.
You’re going to feel really good about yourself when you start your own business instead of just going to work as an employee. Working hard and setting a foundation for everything that you want to achieve will be very rewarding.
But, don’t forget, in order to achieve your life goals, you need to work hard, do your best, be committed, and love your business. It’ll also be helpful to have a set mission, vision, and core values in place and keep them in mind as something to work toward.
Gaining all of this knowledge will help you achieve your dreams and earn more money. Sure, there are many more details that you’ll have to know down the road. But for now, you just need to know that there is power in investing in the real estate industry. It’s a great area to invest in, just follow us and we’ll teach you.

Women, Entrepreneurs, Real Estate, Women Entrepreners,

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Vacation Rental Money Making Machine – Opportunity

I’ve specialized in ‪#‎VacationRentals‬ since 2000 and I’m going to look at my next purchase, I’m meeting an ‪#‎appraiser‬ this week to look at a house I’m going to purchase this fall.

It’s a beautiful, old ‪#‎heritagehome‬ that I’ve had my eye on for many years. I can see the potential of it becoming another ‪#‎VacationRental‬‪ #‎MoneyMaking‬ machine.

I’m looking for ‪#‎investors‬ who would like to be a partner in this new ‪#‎realestate‬‪ #‎investment‬ opportunity.

 

AAEAAQAAAAAAAACBAAAAJDZjMTVlNmVkLWI3ODYtNDEwMy1hMjY5LTFlMzc1ODlhMjlhMQAnyone interested in investing in real estate without the daily management hassles should call 289-273-5681  or send an email to realwealth@live.ca, to find out how you can get involved.

Http://www.realwealthvacationrentals.com

Posted in 2nd, 2nd home owners in real estate, Accommodations, Bed and Breakfast, holiday vacation properties, luxury homes, Marketing, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, Real Estate, real estate agents and brokers, second home owners, vacation rental, word press | Tagged , , , , , , , , , , , , , , , | Comments Off on Vacation Rental Money Making Machine – Opportunity

Niagara Real Estate and Vacation Rental Meetup Group- March 2016

AAEAAQAAAAAAAACBAAAAJDZjMTVlNmVkLWI3ODYtNDEwMy1hMjY5LTFlMzc1ODlhMjlhMQHi Everyone,

 

Well another month has passed and here we are again meeting in March 2016!!  Can you believe we’re 3 months into 2016 and Spring is around the corner!!

I’m excited to see all of you this Friday, March 18th, 2016 from 5-7pm at the Great Ocean Restaurant at 153 Hartzel Road, St Catharines, Ontario.

Please bring plenty of business cards to hand out, let’s get Networking with each other to build a great group of Real Estate Owners, Suppliers and “Wanna be’s” for Vacation Rental/ Bed and Breakfast Owners ( we all start from “Wanna Be’s”, I was  a “Wanna Be” in  1988 and didn’t start until 2000)!!  So don’t be shy.

Bring your wish list of what you’re looking for and who you want to network or do business with….remember we’re never more than 6 degrees from the person you want to meet  and  let’s hear about your best accomplishment that you want to share at the “table” sort of speak this Friday.

Also if you have Real Estate problems or issues bring them to the “table” and let’s share and “MasterMind” a solution for you.  Please sign up on Meetup and join us as we move forward together to real estate success!

http://www.meetup.com/Niagara-Real-Estate-and-VacatioHospitality-Tourism-Meetup/

See you all there.

Cheers,

Maria

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Niagara Real Estate Investment Group – Meeting – November 2015

I’ve wanted to start a group in Niagara for Real Estate Investors for a number of years. It seems that all the groups that I used to go to in Niagara have stopped their meetings and I feel that we need, as investors, like minded investors to network and share experiences.
This month I’ll be discussing how to use Social Media to market your Real Estate business.
I really enjoy informal get togethers where we, as investors, can meet over a glass of wine and chit chat and share what’s happening in our real estate world. No pressure, no speakers, nothing formal, just professionals getting together to share their real estate monthly adventures.
I’d like to meet you all on Friday, November 27, 2015 from 5-7pm at the Pillar and Post Hotel – Inside the Bar area. Free Parking is both at the back and side of the property.

If you need to speak to me you can leave a voice message at 289-273-5681.

Please email janico1@live.ca or leave a phone message if you’ll be coming, so I can look out for you.

Just look for me with my name tag at a table in the bar area, you can always ask the serving staff to take you to me.

See you all in November

Happy Investing,
Maria Rekrut

Posted in 2nd home owners in real estate, Accommodations, Bed and Breakfast, Blogging, Fix and Flip, Fonthill, Ft Erie, Google, holiday vacation properties, home stay, hotel, Inns, luxury homes, Marketing, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, motel, motels and hotel owners., Niagara Falls, Niagara on the Lake, niagara on the lake, Niagara Real Estate Investment Group, Port Colborne, Real Estate, real estate agents and brokers, Rent to Own, second home owners, social media marketing, St Catharines, vacation rental | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Niagara Real Estate Investment Group – Meeting – November 2015

Niagara Real Estate Investment Group Meeting – Oct 30, 2015

 

I’ve wanted to start a group in Niagara for Real Estate Investors for a number of years. It seems that all the groups that I used to go to in Niagara have stopped their meetings and I feel that we need, as investors, like minded investors to network and share experiences with.

This month I’ll be discussing how to use Social Media to market your Real Estate business.

I really enjoy informal get togethers where we, as investors, can meet over a glass of wine and chit chat and share what’s happening in our real estate world. No pressure, no speakers, nothing formal, just professionals getting together to share their real estate monthly adventures.

I’d like to meet you all on Friday, October 30, 2015 from 5-7 pm at the Pillar and Post Hotel, Niagara on the Lake, Ontario, Canada – Inside the Bar area

Free Parking is both at the back and side of the property.

If you need to speak to me you can leave a voice message at 289-273-5681.

Please email janico1@live.ca or leave a phone message if you’ll be coming, so I can look out for you.

Just look for me with my name tag at a table in the bar area, you can always ask the serving staff to take you to me.

See you all in October,

Cheers

Maria Rekrut

Posted in 2nd, 2nd home owners in real estate, Accommodations, Bed and Breakfast, Fix and Flip, Fonthill, Ft Erie, Google, holiday vacation properties, home stay, Inns, Marketing, Marketing for Vacation Rentals, Marketing in the 21st Century for Vacation Rental Owners, motels and hotel owners., Niagara Falls, Niagara on the Lake, Niagara Real Estate Investment Group, Port Colborne, Real, second home owners, Social Media, social media marketing, St Catharines, vacation rental | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Niagara Real Estate Investment Group Meeting – Oct 30, 2015