What Are the Benefits of Creating an Avail Lease Agreement?

As a landlord, you’re responsible for making a lease agreement that complies with local ordinances and includes the necessary clauses to let tenants know what they can (and can’t) do while occupying your rental. For that reason, you may have drafted a lease agreement or downloaded a free online template.

While there’s nothing wrong with either route, it’s advised to use a lawyer-reviewed lease agreement that complies with local ordinances and includes all necessary disclosures to protect you and your tenants. To ensure you’re using a compliant lease, you can opt to create an Avail lease agreement that offers tons of benefits, from free digital lease signing to easy customization. 

Keep reading to see why creating an Avail lease agreement from scratch instead of uploading an existing lease may be more beneficial in the long run.

4 Benefits to Creating an Avail Lease Agreement

In addition to streamlining various aspects of managing a rental, Avail can help save you both time and money when it comes to lease agreements. Here are the main four benefits our lease agreements offer landlords:

1. Lawyer-Approved

Since each state varies in what to require in a lease agreement, landlords typically need to hire a lawyer to review the final agreement.

What makes Avail lease agreements different is the fact that all of the available state-specific lease templates have already been reviewed and approved by a trusted team of lawyers. Instead of having to hire an expensive lawyer to review an online template, you can use a free lease agreement that’s already been looked over by legal professionals. 

Our system also leverages Local Assist, a feature only found on Avail, to indicate which parts of your lease agreement comply with local ordinances and provide suggestions on the rent price, any late fees, and more. 

2. Can Be Cloned for Future Use

If you own multiple rental properties, you’ll most likely need to create more than one lease agreement. This process alone can take a good portion of time since you’ll need to add the rent price, ensure each agreement complies with local landlord-tenant laws, and includes all the necessary clauses to protect your property.

Avail Unlimited Plus allows you to clone any existing lease agreement to use for another property. The same information will be included, but you’ll still be able to add any additional clauses, addendums, or disclosures that may be necessary for other tenants — like ones that own pets versus those that don’t. 

3. Customizable

Another benefit Unlimited Plus offers is the ability to customize any of our lease agreement templates. Whether that’s adjusting the language in one of the clauses or wanting to add more clauses, addendums, or disclosures, you can easily do so. 

If you already have an older lease agreement that has been reviewed by a lawyer, you can add any parts from that agreement to the new one with the customizable feature. However, you’ll want to make sure any changes you implement still comply with local ordinances to avoid issues down the line. 

4. Can Be Digitally Signed for Free

Unlike other property management software platforms, there is no charge to digitally sign any Avail lease agreement. Once the tenant has provided their signature, the landlord can then finalize the agreement by adding their own. 

The completed lease can then be accessed by both parties through their Avail dashboard to reference throughout the lease term.

When to Create a Lease From Scratch

There may be times where it makes more sense for both seasoned and new landlords to create a new lease agreement. Here are a few instances to consider:

1. For Your First Rental Property

While you can always find a lease agreement template online, you may not receive the guidance to fully understand what’s required in a lease to protect your rental business.

Our system walks you through each step of creating a lease agreement from determining the lease term to attaching necessary disclosures, such as the lead-based paint disclosure. Not only are you able to easily create your first lease agreement, but you’ll be walked through each step to help you become a knowledgeable landlord.

2. A New Rental Property in a Different Neighborhood

Just because a property is located in the same state doesn’t mean it requires the same information on a lease agreement. Cities approach the rental process differently, so if you’ve recently expanded your portfolio with a rental in a new neighborhood, you may need to create a new lease agreement. 

To avoid creating a lease agreement that fails to include the necessary information, you can opt to create one from scratch with Avail so that the clauses, rules, disclosures, and attachments automatically update based on where the property is located. 

3. Want to Add New Clauses to a Lease

Although you cannot edit an active lease, you can always add a new clause to a lease agreement when you’re turning over an apartment or renewing a lease with a tenant. All you’ll need to do is clone the agreement, add new clauses, and then email the finalized lease agreement to the tenant for signing.

Create a Lease Agreement With Avail

The key to protecting any rental property business is by ensuring all properties have a compliant lease agreement in place. Save both money and time by creating a free lease agreement with Avail that’s state-specific and already reviewed by a team of legal professionals. 

Create an account to set up your rental business and properties today.