Lease Agreements: By Type (6)
|Standard (1-year) Lease Agreement – Contains the rental conditions of a residential dwelling agreed upon by a landlord and their tenant.
|Commercial Lease Agreement – Used by landlords and property owners to lease office, industrial, or retail space to a tenant.
|Month-to-Month Lease Agreement – This at-will rental agreement continues on a monthly basis until terminated by either party with twenty-eight (28) days’ notice.
|Rent-to-Own (Lease Option) – A tenancy agreement that includes contingencies that enable the tenant to purchase the property at a later date.
|Roommate Agreement – Used by roommates to establish rules and conditions for a shared rental space.
|Sublease Agreement – An agreement separate from the original lease between the tenant and a subtenant who will renting their leased property.
Required Disclosures (5)
- Building Code Violations – Tenants must be informed of any building or housing code violations affecting the habitability of the premises.
- Damage and Defects (PDF) – Landlords must inform tenants that all tenants can report any damages found before the beginning of tenancy and may also request an itemized list of damages charged to the previous tenant.
- Landlord and Agent Identification – Landlords must disclose to tenants the name and address of the property owner or their representative and any individual authorized to collect rent, manage the premises, or contact the tenant.
- Lead-Based Paint Disclosure (PDF) – Used to disclose the use of lead-based paint on properties that predate 1978.
- Utility Charges – Landlords must disclose whether utility service charges are included in the rent and, if they are not included and the rental units are not separately metered, they must disclose how the charges will be split among all tenants.
Maximum Amount ($) – State law does not set a maximum amount for security deposits.
Collecting Interest – There are no legal requirements for collecting interest on security deposits in Wisconsin.
Returning to Tenant – Security deposits must be returned to tenants within 21 days of the termination of the rental agreement.
Itemized List Required? – Yes, if any amount of the tenant’s security deposit is withheld for damages, the landlord must send a list describing each damage and the amount withheld.
Separate Bank Account? – There is nothing mentioned in the state statutes that requires landlords to keep security deposits in a separate bank account.
Immediate Access – Landlords can enter the premises without notice for emergencies or if the tenant is absent and immediate access is necessary to protect the property from damage.
Grace Period – There is no rent grace period established in state statutes.
Maximum Late Fee ($) – Landlords may only charge a late fee if it is mentioned in the rental agreement, but state law does not set a maximum amount.
Bad Check (NSF) Fee – Fees for bounced rent checks are not covered by state law.
Withholding Rent – Tenants can take certain actions if the landlord fails to maintain the habitability of the premises, but they may not withhold rent.
Breaking a Lease
Lockouts – Landlords may not prevent a tenant from accessing their rental property except through a legal eviction process.
Leaving Before the End Date – If the tenant leaves before the lease has terminated and failed to pay any rent owed, the landlord can recover rent and damages.
- Duty to Re-rent – Landlords must make a reasonable effort to re-rent the property, i.e., the same steps they would have taken if the lease term had ended according to the agreement.