I own rental properties since 1987; 1st thing to learn: it will take more than 5 minutes to attempt and become a (succesfull) landlord...
I started by combing the Board Lease and an attorny lease; my present lease is a living document and envolving lease, since day one...
I'd sugest you hire a pro (at least for the first year) and learn as you go...
If your property is such that you can collect a 3 months upfront, call it 1st month and 2 months worth as Security (that will give you more leverage at the Lease' end and they might behave better because of it); I do not have a grace period; rent is due on the 1st, and a 3 days notice will be posted on the 2nd (they can always stop the process, for a price, but meanehile you start the clock running...)
Before they sign the lease, I spent 45 mins explaing it, line by line so EVERYTHING is clear to them.
Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220 http://www.WeSellBroward.com