The Most Commonly Used Wisconsin Lease Agreements
In Wisconsin, the most commonly used lease agreements are those written for residential property. The most commonly used residential lease agreements are an annual standard lease agreement, a month-to-month agreement, a lease to own agreement, a roommate agreement, and a subleasing agreement.
How to Write a Standard Wisconsin Lease Agreement
Because a standard Wisconsin lease agreement contains so much information, it’s important that you read it carefully before you sign it if you’re the tenant. A standard lease agreement is usually in place for 12 months. It includes:
- The name and address of the landlord, the landlord’s agent, and the tenant
- How many occupants the property may have
- The full address of the property being leased
- The amount of rent that will be paid each month, when it is due, the amount charged as a late fee if the rent is late, and the amount of a NSF fee
- The length of the lease
- Which utilities the tenant will be responsible to pay
- The amount paid as a security deposit to the landlord
- The guest policy
- What is considered a breach of the lease
- How the rent may be terminated
- What happens if there is damage to the property
- How the tenant may request repairs
- When and how the landlord may have access to the property
- Pest control
- How the lease may be modified or ended
For the lease to be legally binding, both the landlord and the tenant must sign it.
What Disclosures Must Be Made in Wisconsin Lease Agreements
Landlords must disclose:
The landlord must provide advance notice of entering the property and they must enter at reasonable times.
What You Need to Know about Wisconsin Lease Deposits
There is no maximum on how much a landlord can charge as a security deposit. The deposit must be returned within 21 days of the landlord regaining control of the property.