Product Announcement: Updates to our Lease Agreements

Hi! I’m Raj, TurboTenant’s Group Product Manager focused on our Residency Suite of products. My team builds and maintains products like maintenance, e-sign, multi user access, forms and Lease Agreements. We are constantly making things better, but don’t really get a chance to tell people about what we do. I’m trying a new thing here by posting an update to this forum on 4ish exciting improvements to our Lease Agreements!

Reusable Lease Agreement Templates

If you’ve already used our builder to create a state specific Lease Agreement, you can copy from it so you don’t have to start over. We copy most things over but remove things like tenants and dates that you’d likely change with a new Lease Agreement anyway. Copy is only available on builder-created Lease Agreements of the same state since there are too many variations between states to make it a clean copy.

Configurable Late Fees

We’ve heard you on this and now allow for fairly advanced late fee customization. We think we struck the right balance now by providing you with guidance on your state laws, but allow you to set your own fee amounts, dates applied, and grace period. TurboTenant will then also get some draft charges created for you so whether or not you choose to use Rent Payments by TurboTenant or Payment Tracking, you can save a few steps with payment reminders.

Early Termination

Another common request from users was a comprehensive early termination section. You now have the ability to determine if you’d like to include this clause, specify what exemptions you wish to allow and also easily customize the terms yourself. In typical TurboTenant style, we here too provide guidance on which exemptions are required by law in your state.

Co-signers

For some of our landlords, especially in college towns, accommodating tenants with co-signers is a frequent occurrence. Though we previously provided some instruction in the lease agreement on how to handle co-signers, we didn’t make it easy. Now we ask for their info and attach the co-signer addendum form and include their e-signature too.

Always Updated to be State Specific

TurboTenant is committed to providing legally sound and up-to-date Lease Agreements. Though we don’t really announce them, we are constantly reading state laws and are making updates where needed. Just in the last quarter, we updated our agreements to reflect the latest legal changes in many states, including Virginia, California, Maryland (also Baltimore and Montgomery County), Colorado, Florida, Missouri, Oklahoma, Illinois (also Chicago and Cook County), New Hampshire, Georgia, Pennsylvania, and more.

With thousands of landlords across the country using our Lease Agreements weekly, we do our best, but there is always room for improvement. If you have questions or feedback (we like compliments too!) please feel free to respond and someone from our team will respond when we can.