A verbal rental agreement can cause outright headaches for landlords and tenants alike. If a disagreement arises involving the two parties, you'll find nothing to refer to to solve the problem. If one in the parties sues the opposite it becomes a he said/she said argument which a judge cannot untangle without having a written lease to refer to.
The best answer is always to hire a property management company. The State of Nevada Real Estate Division requires property managers being knowledgeable and educated about landlord tenant relations. Using an enforceable, legal rental agreement is a crucial part in the job.
my site of property management education would be to never enter into verbal agreements with tenants. It is a obstacle that produces a great deal havoc for both landlords and tenants that history has taught us to prevent verbal agreements from time to time.
Many cities and towns across the country have real estate property companies with trained property managers willing to assist landlords using their leases. Fees range by percentage or flat fees with respect to the a higher level management services a landlord requires. Tenants will come to the office to sign rental agreements with no landlord being present. The landlord gives in the responsibilities on the real estate property company to require a written, legal rental agreement being executed between the tenant as well as the landlord.
Taking the initiative and action to interview and work with a real-estate company can solve many headaches and trouble for landlords and tenants alike. Because many landlords and tenants aren't schooled with techniques to minimize lease and rental potential problems, hiring property management company to accomplish the duty can be quite a valuable vehicle for smoother relations with tenants.