Wisconsin Standard Residential Lease Agreement – PDF Template
The Wisconsin standard residential lease agreement is for tenants and landlords seeking a standard one (1) year agreement for the use of property in exchange for rent. The tenant typically makes payments on the first (1st) of every month. Before authorizing the contract, 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 first month’s rent (or pro-rata share) will be due in order to obtain access to the property.
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)).
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 which 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.