Need a Property Rentals Contract in Wisconsin? AroundWire Can Help

In Wisconsin, property rental contracts—covering both residential and commercial properties—are governed primarily by state statutes (notably Wis. Stat. Ch. 704 and ATCP 134 for residential tenancies). Typical contracts clearly specify lease term, rent amount, security deposit (capped at one month’s rent for residential), maintenance obligations, and notice periods for termination or renewal. Regulatory requirements prohibit certain clauses, such as waivers of tenant rights or automatic forfeiture of security deposits. Landlords must adhere to disclosure requirements, including lead-based paint for properties built before 1978 and the identity of the property owner or manager. Licensing is generally not required for landlords, but local municipalities may impose registration or inspection requirements, particularly for multi-family or short-term rentals. Insurance obligations often include property and liability coverage for landlords, with commercial leases frequently requiring tenants to maintain their own liability insurance and name the landlord as an additional insured. Payment terms are typically monthly, with late fees subject to statutory limits and clear notice provisions. Risk factors include tenant default, property damage, and compliance with local housing codes. Dispute resolution in Wisconsin often favors mediation or small claims court for residential disputes, while commercial contracts may specify arbitration or litigation in local courts. Contracts should be tailored to comply with both state law and any stricter local ordinances, as these can significantly influence permissible terms and enforcement.