Utah is a rather landlord-friendly state. After all, there are no rent control laws in place and the eviction process is quicker than in other states. However, property owners must comply with many laws and regulations.
Yes, you can create your own lease agreement without the assistance of a lawyer or other professional.
Here are some of the basics. In Utah, one item on the list of landlord requirements is that all landlords are required to have a business license. So filing for a business license through the state is your first step.
Yes. Each dwelling unit is required to be licensed. If more than one dwelling unit is on a single parcel (such as a duplex), only one business license is required. 12.
Rental licenses This license verifies that the property meets safety and habitability standards and that the landlord is in compliance with local laws.
A license is required for all rental residential properties.
Here's a list of standard fields that you should include in your lease agreement: Tenant information. Include each tenant's full name and contact information. Rental property description. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
Handwritten contracts are legally binding if they meet the necessary conditions that apply to all contracts: mutual agreement, capacity, consideration, and legal validity. There are no legal differences between typed and handwritten agreements when it comes to enforceability.
The first step to living in your own rental property is to draft a lease agreement for yourself. It might sound absurd, but you need to go through all of the formal steps that you would for a standard tenant.