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Wisconsin Residential Lease Agreement | PDF

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A Wisconsin residential lease agreement is for tenants and landlords seeking a fixed agreement for the use of property in exchange for rent. The tenant typically makes payments on the 1st of every month and the term is commonly 12 months. Before authorizing an agreement, the landlord will usually want to check the tenant’s credit and income sources through the use of the rental application. After approval, the tenant and landlord will sign a lease, and all required deposits and the first month’s rent (or pro-rata share) will be due to access the property.

Table of Contents

Forms (3)


 

Standard Residential Lease Agreement

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Assoc. of Realtors Lease Agreement

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LegalBank Lease Agreement

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Security Deposit Laws

Maximum Amount ($) – No Statewide deposit limit.

Returning – Security deposits must be returned within twenty-one (21) days following the expiration of the tenancy (§ 134.06(2)).

Required Disclosures

Lead-Based Paint Disclosure – If the unit on the property was constructed prior to 1978, the lead-based paint disclosure form is needed to be signed by the tenant and attached to the rental agreement.

Owner/Manager Information – Tenants will need to receive a statement indicating the name and address of both the property owner and the individual(s) with permission to manage the property (§ 134.04(1)).

Property Condition – Before the landlord enters into a rental agreement or accepts a deposit from the tenant, the landlord must disclose information regarding the status of any housing or building code violations, whether the unit lacks hot or cold water and other conditions which affect the livability of the unit (§ 134.04(2)).

Utility Charges – Tenants must be informed of whether they are expected to pay additional expenses for heat, electricity, or water. Additionally, if there are multiple units and common areas that are not independently metered, and the meter charges are not incorporated into the tenant’s rent, the criteria by which the landlord determines the utility charges must be disclosed to the tenant (§ 134.04(3)).

Right to Inspect Property – Within seven (7) days following the start of a tenancy, the landlord must inform the tenant that they may inspect the premises and report any damages affecting the property. The tenant must also be notified within the seven (7) day period that they may request a list of damages that were deducted from the previous tenant’s security deposit (§ 134.06(1)).

Rent Grace Period

There is no grace period for late rent in Wisconsin. The lease should be referenced when determining when a late fee may be charged.

Guides & Laws