General Training
THE SINGLE FAMILY LEASE AGREEMENT
Residential Lease Form Guidance The training focused on using the Florida Realtors residential lease for single-family homes, emphasizing that the office prefers these uniform, attorney-approved contracts which include the entire Florida Landlord Tenant Act (Statute 83, part two). Realtors are strictly limited to w…
Residential Lease Form Guidance The training focused on using the Florida Realtors residential lease for single-family homes, emphasizing that the office prefers these uniform, attorney-approved contracts which include the entire Florida Landlord Tenant Act (Statute 83, part two). Realtors are strictly limited to writing leases for a maximum term of one year and must provide a mandatory non-lawyer disclosure to all parties. Contract Structure and Requirements Key sections reviewed included the identification of parties, the importance of describing the property with an inventory list, and ensuring the lease term does not exceed 12 months. Upfront funds, typically including first month's rent, last month's rent, and a security deposit, must be paid into the office's escrow account, and all blank fields must be filled with 'NA' to prevent ambiguity. Termination and Legal Limitations The discussion covered responsibilities for maintenance, the landlord's right to access the property, and the required disclosure of the broker’s commission to both parties. Parties can agree on an early termination fee not exceeding two months' rent, but real estate licensees are barred from providing legal counsel or drafting judicial documents for clients concerning default remedies
This content is provided for educational purposes. Compliance, contract, and license-law information reflects the instructor's knowledge at the time of recording and may not reflect current law. Always verify with your own broker or legal counsel before acting.