Walk through the lease creation process
Click on Find Resident
Click on Applicants
Click on Select application for the applicant group you'd like to move forward with
Review the Screening Summary and other applicant details
Pay special attention to the Group Risk Rating for additional guidance
Click on Next
Enter the monthly rent you've agreed upon
If you haven't yet discussed the lease terms with your chosen applicant directly, we recommend you do so now, before progressing further. The process will be smoother for all parties if you agree verbally before drafting a lease.
Enter the security deposit amount you've agreed upon
Optional:
Click on Additional Charges and/or credits- If you have additional required charges such as a recurring monthly charge (ex: utilities), a one-time move-in credit, or one-time fee (ex: HOA fee or move in fee), enter them here.
A charge is a fee the resident must pay
A credit is a payment from the owner to the resident
Enter the Lease Start Date
Enter the Lease End Date
Nomad STRONGLY recommends that you end your lease on the last day of the month to simplify move in/move out fees and prorations.
Pets
Select the Number of Non-Service Pets from the drop down menu and the Number of Service Animals from the drop down menu. Please note that an ESA is considered a service animal.
Review the Resident Benefit Package & Property Protection Plan
Review the information in this section to understand the protections you will get from opting in, or the implications of opting out.
Click on Review Lease
When you click this step you will be taken to a new page where your lease has been generated.
Review the Lease Summary
The lease summary table includes all the most important details of the lease in one table for you.
Review the parties to the lease
Ensure names are correct
Click on Initials
You'll need to initial several times through the lease
Enter your initials and click on Accept and Sign
Section 1.3 Additional Occupants
If there are dependents and/or additional occupants that are not financially responsible you will verify that their names have been entered correctly here.
Review the Summary of Utility Responsibilities
Set the appropriate utility responsibilities here. Need to change the financially responsible party for utilities? Click this link to learn how!
Review Landscaping and Yard Care
Set the appropriate responsibilities here
Section 6.1 Additional Terms
This section allows you to enter additional terms. If you have no additional terms to add, simply write N/A
Section 6.5 Lead Paint Warning and Disclosure
Select from the two drop down boxes which situation applies.
Section 7.1 Landlord Included Addendums
If you have additional documents to add, such as HOA rules or addendums, attach them here.
Sign the lease- click the signature button.
Enter your name, click Accept and Sign
Enter today’s date
Click on Finish
Once you click finish, Nomad's system will automatically send the lease to your chosen applicant group! You can monitor the status of their signature by coming back to this page. You will receive further instructions from Nomad once all parties have signed the lease.
If this button says "Next" instead of "Finish" you have missed a required field in the lease. Click the "Next" button to be taken to the field you have missed. This button will only say Finish when the lease is 100% complete.
Lease Generation FAQs
Q: What happens after I sign the lease? When does the resident see the lease?
A: Once you click finish, Nomad's system will automatically send the lease to your chosen applicant group! You can monitor the status of their signature by coming back to this page. You will receive further instructions from Nomad once all parties have signed the lease.
Q: How do I know the rental rate? Has Nomad negotiated a rental rate?
A; You are in charge of the rental rate. Nomad will not negotiate a rental rate on your behalf. If a potential resident asks us to negotiate on the rate, we will point them to you to have that discussion.
If you have not had a discussion with the resident about the rental rate at this point, it is safe to assume that your advertised rate is the rate that they are expecting.
Q: How do I get in contact with the applicant if I need to discuss or clarify something?
A: Applicant contact information is contained on the "Review Application" page, which is the first page you will see after selecting an application to move forward. If you have already generated a lease, you can also see the applicants' contact information in the lease in Section 1.2
Q: How do I know the security deposit amount?
A: You will set the security deposit amount. Nomad does not set this for you. Nomad provides security deposit guidance related to applicant credit score on the "Review Application" page. Learn more about security deposits at Nomad here.
Q: What do I put for the Security Deposit Amount if my resident has opted into the Security Deposit Alternative plan?
A: You will put the total amount of the security deposit that you've agreed upon in this field, even if your resident has opted into Nomad's Security Deposit Alternative Plan. Nomad will calculate the appropriate fees and installment payments. The amount you put in the lease is the amount that will serve as your Security Deposit.
Q: How do I attach multiple files to the lease?
A: You can only attach one file to the lease. If you have multiple files that you need to attach, you will need to combine them into one file. You can do this by using a site like www.ilovepdf.com to create a single document for free.
Q: How do I make changes to a lease I've created?
A; To make changes to a lease you've already created prior to the tenants signing, you'll need to cancel the current lease. Anything you've inputted to the lease will be saved. After you've cancelled it, you can redraft it.
Need to edit, cancel, or revise your lease? Learn how here!