Rental and Lease Agreement Templates

Landlords who desire to rent or lease a home or property must have a document in place that guarantees the safety of both landlord and tenant to make the deal official A rental and lease agreement is advised in all types of rental and lease situations. To understand the importance, we provide the facts about these agreements to enhance your knowledge about the terms and requirements.

A rental and lease agreement is an official document that sets the terms and conditions set by the owner of a property, along with the details of the agreed-upon arrangement between the tenant who agrees to pay rent to occupy the property or space. The landlord/owner is also referred to as the lessor, and the tenant/renter is also referred to as the lessee. Prior to signing, this document is negotiable between the two parties. Once the terms of the contract have been established and signed by each party, it is a legally and mutually binding contract.

You can build a rental and lease agreement. If you’re new to this, we offer you useful information about what to include in your agreement. The most important details include a description of the premises, contact details for both landlord and tenant, the rent amount that the tenant will pay the landlord per month, and the length of time that the tenant can occupy the premises. There is also room for special clauses, terms, or conditions that can be included in the contract upon agreement between you and the tenant. You can customize your rental and lease agreement to suit your individual needs and preferences with a basic template that covers the legal necessities of the document.

Vacation Rental Lease Agreement

A vacation rental lease agreement is a short-term contract between the owner of the property and the renter. This type of agreement is usually for between a period of time from 1 to 30 days but may be longer in some cases. It covers the period that your guests rent your property. If the home was built prior to 1978 it must include a Lead-Based Paint Disclosure form, and comply with all applicable state laws. This type of rental lease agreement includes:

  • Start and end dates
  • The amount of rent to be paid and the frequency of payment
  • A full description of the property with the address
  • Amenities included in the rental
  • House rules that the tenants agree to abide by
  • The maximum number of guests

Sample Template for Vacation Rental Lease Agreement

1.The Owner and Tenant

This agreement is made on the day of _ in the year between ______(tenant full name) ___ (tenant address) and __________ (Landlord name) _____(Landlord address)

Property description

Property location_________________________________________(Address of property)

Time Period of Agreement and Guests

The total number of people in the party of the renter includes Adults, ____children and is not to exceed persons. Pets are allowed ___Yes ___No.

The rental period starts on Day _____Month_____Year at AM PM (circle one) and ends on Day_____Month_____Year at AM PM (circle one)

Rental Amount

The amount of the rental payment for the total amount of this agreement is $__________. This amount is equal to $_____ per night

Other fees, taxes and deposit required

Cleaning fee: $____

Security Deposit: $____

Taxes: $____

Housing Rental Lease Agreement

A house rental lease agreement is a legally binding document that is used by the owners of a property to establish the specific requirements for tenants who rent their property. It is a mutually agreed-upon set of terms that details the amount of rent to be paid on a monthly basis for the period of time established in the agreement for the tenant to occupy the house. This contract type can either be designated as a short term lease but is more commonly long term for 12 month periods before renewal is required. The contract is negotiable until both parties sign it, and then it is legally binding for both landlord and tenant. A housing rental lease agreement includes:

  • The full name of the tenant and contact information including mailing address, physical address, and phone number
  • The start date and time for which the contract becomes enforced, with the ending date
  • The total amount of rent due and the due date for each payment
  • Rights and responsibilities of the tenant
  • Rights and responsibilities of the landlord

Example of Housing Rental Lease Agreement

Landlord Information Tenant Information

Name__________________________________________ Name_________________________________________

Addresss_______________________________________ Email__________________________________________

City, State, Zip Code______________________________ Phone number___________________________________

Phone number ______________________ Maximum number of occupants_____

Rental/lease Information

House Rental Address Rental Amount Per Month $__________

Start Date of Agreement ___ Security Deposit $__________

End Date of Agreement ___ Late Charges $____________ if rent is not received by the _ of each month

Terms and Conditions

This House Rental Agreement is made on the _ day of in the year between (landlord) _____ and (tenant)_______.

I. Acknowledgment

II. Agreement Term

III. Monthly Rental (or another agreed-upon payment period)

IV. Security Deposit

V. Utilities

VI. Maintenance and Damage

VII. Occupancy

VIII. Rules and Regulations

IX. Peace and Order

Office Lease Agreement

An office lease agreement is a legally binding agreement between a landlord and a tenant that intends to occupy a space for non-retail use for commercial purposes such as real estate, attorneys, accountants, and similar fields. Rent is generally based on a set charge per square foot of space. This is a more extensive agreement document that includes:

  • The date of the lease, the names and- addresses of the landlord and parties
  • Description of the premises
  • Use of leased premises
  • Terms of lease
  • Base rent
  • Option to renew
  • Expenses
  • Security deposit
  • Leasehold improvements
  • Licenses and permits
  • Obligations of lessee
  • Insurance
  • Sublet/Assignment
  • Damage to Leased premises
  • Default and possession
  • Indemnification
  • Bankruptcy Insolvency
  • Subordination and Attornment
  • Miscellaneous terms
  • Estoppel Certificate
  • Holdover
  • Waiver
  • Governing law
  • Notices
  • Amendment
  • Binding Effect

Example of Office Space Lease Agreement

This Lease Agreement made the _ day of ________, 20____, between _________________________ [name of landord/lessor], of ____________________________________ [street address], State of ____, and _________________________ [name of tenant/lessee], of

____________________________________ [street address], State of ____,, collectively referred to herein as the “Parties”, agree as follows:

DESCRIPTION OF LEASED PREMISES: The lessor agrees to lease to the Lessee the following described square feet (SF) of ____ [type of space] located at __________________

_______________ [street address], State of ____.

Additional Description: __________________________________

Hereinafter known as the “Premises”.

USE OF LEASED PREMISES: The Lessor is leasing the Premises to the Lessee and the Lessee is hereby agreeing to lease the Premises for the following use and purpose: ______________________________

Any change in use or purpose the Premises other than as described above shall be upon prior written consent of Lessor only.

TERM OF LEASE: The term of this Lease shall be for a period of _ year(s) month(s) commencing on the day of ________, 20____ and expiring at Midnight on the _ day of ________, 20____. (“Initial Term”)

BASE RENT: The net monthly payment shall be ______ dollars ($_______________), payable monthly with the first payment due upon the commencement of the Lease and each monthly installment payable thereafter on the __ day of each month. Said net monthly payment is-hereafter referred to as the “Base Rent”. Rent for any period during the term hereon, which is for less than 1 month shall be a pro-rata portion of the monthly rent.

OPTION TO RENEW: (Check One)

☐ – Lessee may not renew the Lease.

☐ – Lessee may have the right to renew the Lease with a total of _ renewal period(s) with each term being year(s) ___ month(s) which may be exercised by giving written notice to Lessor no less than 60 days prior to the expiration of the Lease or renewal period.

Rent for each option period shall: (Check One)

☐ – Not increase.

☐ – Increase as calculated by multiplying the Base Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date.

☐ – Increase by __%

☐ – Increase by _______ dollars ($_______________)

EXPENSES: [Check and Initial whether this Lease is Gross, Modified Gross, or Triple Net (NNN)]

☐ – GROSS. Tenant’s Initials _ Landlord’s Initials _

This section outlines the terms of Lessor and Lessee obligations for liability and property damage insurance, expenses for heating, plumbing, and electrical and general exterior structural maintenance and repairs.

☐. MODIFIED GROSS. Tenant’s Initials _ Landlord’s Initials _

It is the intention of the Parties that this Lease shall be considered a “Modified Gross Lease”.

In addition to the Base Rent, the Lessee shall be obligated to pay the following monthly expenses: ____________________________________________________________________________________________________________________________________________________________________________________

Lessor shall pay the following monthly expenses: ____________________________________________________

☐. TRIPLE NET (NNN). Tenant’s Initials _ Landlord’s Initials _

It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.

The terms of Lessor and Lessee obligations for providing services, performing acts or paying expenses, charges or obligations regarding the premises are clearly established in this section, including management fees, property taxes, and assessments, repaving, restriping of the parking lot, cleaning and custodial, and other relevant areas.

SECURITY DEPOSIT: In addition to the above, a deposit in the amount of __________ dollars ($__________________), (Additional terms may be stipulated in this section, including when the security deposit is due and conditions for the return of the deposit upon vacancy.

LEASEHOLD IMPROVEMENTS: The terms and conditions of any improvement made by the lessee must be addressed in this section, including what is allowed, and what is not allowed by the lessor.

LICENSES AND PERMITS: A copy of any and all local, state or federal permits acquired by the Lessee which are required for the use of the Premises shall be kept on-site at all times and shall be readily accessible and produced to the Lessor and/or their agents or any local, state, or federal officials upon demand.

OBLIGATIONS OF LESSEE:

This section clearly states the responsibilities of the Lessee with regard to maintenance and general cleaning and repair of the premises.

INSURANCE:

This section is where the terms and obligations for maintaining insurance on the property are established. It details who is responsible for insuring the property and buildings.

SUBLET/ASSIGNMENT: This section is used to assign the terms of occupancy and whether or not the lessee may sublet the space to others.

DAMAGE TO LEASED PREMISES: This is where the terms outline the abatement of rent/lease payments due in the event of damage to the premises.

DEFAULT AND POSSESSION:

This section is used to define the events that will take place in the event of the lessee defaulting on the payments for the office space. It includes remediation and legal actions that will be taken in the event of a default as well as payment penalties for default.

INDEMNIFICATION:

This is the section that discusses indemnification and the agreement of the Lessee to hold the Lessor harmless from all claims and liabilities that may arise from the Lessee’s use and occupancy of the premises.

BANKRUPTCY – INSOLVENCY: This section is for defining the conditions of the responsibilities of the lessee and the lessor in the event of bankruptcy or insolvency.

SUBORDINATION AND ATTORNMENT: This section is used to define the terms and rights of the lessee in the event of a lien of any mortgage in force against the property.

MISCELLANEOUS TERMS:

This is the area in which the rules, regulations, and governmental authority with respect to use and occupancy are discussed and agreed upon. The lessee agrees to comply

ESTOPPEL CERTIFICATE: Lessee at any time and from time to time, upon at least ten (10) days prior notice by Lessor, shall execute, acknowledge and deliver to Lessor, and/or to any other person, firm or corporation specified by Lessor, a statement certifying that the Lease is unmodified and in full force and effect, or if the Lease has been modified, then that the same is in full force and effect except as modified and stating the modifications, stating the dates to which the fixed rent and additional rent have been paid, and stating whether or not there exists any default by Lessor under this Lease and, if so, specifying each such default.

HOLDOVER: Should Lessee remain in possession of the Premises after the cancellation, expiration or sooner termination of the Lease, or any renewal thereof, without the execution of a new Lease or addendum, such holding over in the absence of a written agreement to the contrary shall be deemed, if Lessor so elects, to have created and be construed to be a tenancy from month to month, terminable upon thirty (30) days’ notice by either party.

WAIVER: Waiver by Lessor of a default under this Lease shall not constitute a waiver of a subsequent default of any nature.

GOVERNING LAW: This Lease shall be governed by the laws of the State of _____.

NOTICES: Payments and notices shall be addressed to the following:

Lessor

Lessee

AMENDMENT: No amendment of this Lease shall be effective unless reduced to writing and subscribed by the parties with all the formality of the original.

BINDING EFFECT: This Lease and any amendments thereto shall be binding upon the Lessor and the Lessees and/or their respective successors, heirs, assigns, executors and administrators.

IN WITNESS WHEREOF, the parties hereto set their hands and seal this _ day of ________, 20____.

Lessee’s Signature Printed Name

Lessor’s Signature Printed Name

ACKNOWLEDGMENT OF NOTARY PUBLIC

STATE OF __________

_ County, ss.

On this _ day of ______________, 20___, before me appeared ________, as LESSOR of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed.

Notary Public

My commission expires:_

ACKNOWLEDGMENT OF NOTARY PUBLIC

STATE OF __________

_ County, ss.

On this _ day of ______________, 20___, before me appeared ________, as LESSEE of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed.

Notary Public

My commission expires:_

Property Lease Agreement

A property lease agreement is a lease that is made between a landlord or property owner and a tenant who agrees to pay a set amount to lease property for a set amount of time. The terms are agreed upon in a negotiated contract that outlines the responsibilities of the landlord and the tenant, along with specific allowances for how the property may be used during the lease period. The document is legal and binding after the landlord and the tenant both sign it. A property lease agreement includes:

  • The name and contact information for the landlord and the tenant
  • The term of the lease including the starting date and the ending date
  • Rent
  • Security Deposit
  • Landlord’s Agent
  • Use of Premises
  • Utilities
  • Eviction
  • Payments By Landlord
  • Care of the Premises
  • Destruction of Premises
  • Interruption of Services
  • Alterations
  • Compliance with local laws
  • No waiver by Landlord
  • Sublease/Assignment
  • Entry by Landlord
  • Quiet Enjoyment
  • Subordination
  • Hazardous Use
  • Injury or Damage
  • Renewals and Changes in Lease
  • Pets
  • Notices
  • Tenant’s Acknowledgement

Example of a property lease agreement

This Lease is made on _ between (Landlord) at (Landlord address) and (Tenant) at (Tenant address).

. 1. Property: Tenant agrees to rent from Landlord and Landlord agrees to rent to the tenant the property at (Address of the property).

Term: The term of this lease is for _ (period of time),starting on _____and ending on .

Rent: The Tenant agrees to pay $ _ in rent, to be paid as follows: $ _, due, in advance, on the _ day of each month. The first payment of rent and any security deposit is due prior to moving in. The Tenant must pay a late charge of $ __ for each payment that is more than five (5) days late.

Security Deposit: The Tenant will deposit the sum of $_____ with the LANDLORD as security that the Tenant will comply with all the terms of this Lease. Additional terms may be added here.

5.Landlord’s Agent:

The landlord may authorize an agent to manage the premises on his or her behalf here

Use of the Premises:

The scope of the tenant’s activities on the premises is outlined in this section including how the property may be used.

Utilities:

This section defines the responsibilities for paying the utilities on the property.

Eviction: Terms for eviction if the tenant does not pay the rent within a specified amount of time.

Payments By Landlord:

Agreements if the tenant fails to comply with the terms of the lease

Care of the Premises

Acknowledgment that the tenant has examined the premises and agrees it is in good condition, and other terms for removal of tenant property at the end of the lease with related terms relating to responsibilities for maintenance and care of the property.

Destruction of Premises

Terms about actions and responsibilities about what happens if the premises are destroyed through no fault of the tenant.

Interruption of Services

Responsibilities if the tenant experiences interruption of services.

Alterations

Permissions of the landlord required prior to alterations or improvement on the premises.

Compliance with local laws

Agreement to comply with all local laws, regulations, and ordinances.

No waiver by Landlord

Statement of the landlord’s rights and his/her maintaining rights under certain conditions.

Sublease/Assignment

Terms for subleasing to others or refraining.

Entry by Landlord

Terms under which the landlord may enter the premises.

Quiet Enjoyment

Tenant right to quiet enjoyment of the property.

Subordination

Tenant’s rights are subordinate to property mortgages on the property and any present or future legal actions.

Hazardous Use

Tenant’s responsibility not to maintain anything hazardous on the property.

Injury or Damage

The tenant’s responsibilities in the event of injury or damage to the property are written out here

Renewals and Changes in Lease

Terms of renewing the lease upon expiration.

Pets

Terms for animals on the premises

Notices

Who is responsible for posting notices on the premises

Tenant’s Acknowledgement

Tenant acknowledges having read all the terms and conditions of this lease and the attached rules and regulations. The terms can only be modified or amended by an agreement made between the landlord and the tenant in writing.

Signatures

The landlord and tenant both agree to the terms of this lease. Landlord signature _____ date __

Tenant signature _ date __.

Commercial Rental Agreement

A commercial rental agreement is a contract between the owner or manager of commercial property and a tenant who agrees to pay a specified amount of rent to occupy and use the space. This is an agreement that is specific for commercial use for business purposes such as industrial, retail, or office space. The components of a commercial rental agreement are similar to a lease agreement for office space with a few minor differences instead of the world Lease, the word Rent is used. Components of a commercial rental agreement include:

  • The date of the lease, the names and- addresses of the landlord and parties
  • Description of the premises
  • Use of leased premises
  • Terms of lease
  • Base rent
  • Option to renew
  • Expenses
  • Security deposit
  • Leasehold improvements
  • Licenses and permits
  • Obligations of lessee
  • Insurance
  • Sublet/Assignment
  • Damage to Leased premises
  • Default and possession
  • Indemnification
  • Bankruptcy Insolvency
  • Subordination and Attornment
  • Miscellaneous terms
  • Estoppel Certificate
  • Holdover
  • Waiver
  • Governing law
  • Notices
  • Amendment
  • Binding Effect

Example of a commercial rental agreement

This Rental Agreement made the _ day of ________, 20____, between _________________________ [name of landord/lessor], of ____________________________________ [street address], State of ____, and _________________________ [name of tenant/lessee], of

____________________________________ [street address], State of ____,, collectively referred to herein as the “Parties”, agree as follows:

DESCRIPTION OF RentedED PREMISES: The lessor agrees to rent to the Lessee the following described square feet (SF) of ____ [type of space] located at __________________

_______________ [street address], State of ____.

Additional Description: __________________________________

Hereinafter known as the “Premises”.

USE OF Rented PREMISES: The Lessor is leasing the Premises to the Lessee and the Lessee is hereby agreeing to rent the Premises for the following use and purpose: ______________________________

Any change in use or purpose the Premises other than as described above shall be upon prior written consent of Lessor only.

TERM OF Rent: The term of this Lease shall be for a period of _ year(s) month(s) commencing on the day of ________, 20____ and expiring at Midnight on the _ day of ________, 20____. (“Initial Term”)

BASE RENT: The net monthly payment shall be ______ dollars ($_______________), payable monthly with the first payment due upon the commencement of the Lease and each monthly installment payable thereafter on the __ day of each month. Said net monthly payment is-hereafter referred to as the “Base Rent”. Rent for any period during the term hereon, which is for less than 1 month shall be a pro-rata portion of the monthly rent.

OPTION TO RENEW: (Check One)

☐ – Lessee may not renew the Rental agreement.

☐ – Lessee may have the right to renew the Rental agreement with a total of _ renewal period(s) with each term being year(s) ___ month(s) which may be exercised by giving written notice to Lessor no less than 60 days prior to the expiration of the Rental Lease or renewal period.

Rent for each option period shall: (Check One)

☐ – Not increase.

☐ – Increase as calculated by multiplying the Base Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date.

☐ – Increase by __%

☐ – Increase by _______ dollars ($_______________)

EXPENSES: [Check and Initial whether this Lease is Gross, Modified Gross, or Triple Net (NNN)]

☐ – GROSS. Tenant’s Initials _ Landlord’s Initials _

This section outlines the terms of Lessor and Lessee obligations for liability and property damage insurance, expenses for heating, plumbing, and electrical and general exterior structural maintenance and repairs.

☐. MODIFIED GROSS. Tenant’s Initials _ Landlord’s Initials _

It is the intention of the Parties that this Rental Lease shall be considered a “Modified Gross Lease”.

In addition to the Base Rent, the Lessee shall be obligated to pay the following monthly expenses: ____________________________________________________________________________________________________________________________________________________________________________________

Lessor shall pay the following monthly expenses: ____________________________________________________

☐. TRIPLE NET (NNN). Tenant’s Initials _ Landlord’s Initials _

It is the intention of the Parties that this Lease shall be considered a “Triple Net Lease”.

The terms of Lessor and Lessee obligations for providing services, performing acts or paying expenses, charges or obligations regarding the premises are clearly established in this section, including management fees, property taxes, and assessments, repaving, restriping of the parking lot, cleaning and custodial, and other relevant areas.

SECURITY DEPOSIT: In addition to the above, a deposit in the amount of __________ dollars ($__________________), (Additional terms may be stipulated in this section, including when the security deposit is due and conditions for the return of the deposit upon vacancy.

LEASEHOLD IMPROVEMENTS: The terms and conditions of any improvement made by the lessee must be addressed in this section, including what is allowed, and what is not allowed by the lessor.

LICENSES AND PERMITS: A copy of any and all local, state or federal permits acquired by the Lessee which are required for the use of the Premises shall be kept on-site at all times and shall be readily accessible and produced to the Lessor and/or their agents or any local, state, or federal officials upon demand.

OBLIGATIONS OF LESSEE:

This section clearly states the responsibilities of the Lessee with regard to maintenance and general cleaning and repair of the premises.

INSURANCE:

This section is where the terms and obligations for maintaining insurance on the property are established. It details who is responsible for insuring the property and buildings.

SUBLET/ASSIGNMENT: This section is used to assign the terms of occupancy and whether or not the lessee may sublet the space to others.

DAMAGE TO LEASED PREMISES: This is where the terms outline the abatement of rent/lease payments due in the event of damage to the premises.

DEFAULT AND POSSESSION:

This section is used to define the events that will take place in the event of the lessee defaulting on the payments for the office space. It includes remediation and legal actions that will be taken in the event of a default as well as payment penalties for default.

INDEMNIFICATION:

This is the section that discusses indemnification and the agreement of the Lessee to hold the Lessor harmless from all claims and liabilities that may arise from the Lessee’s use and occupancy of the premises.

BANKRUPTCY – INSOLVENCY: This section is for defining the conditions of the responsibilities of the lessee and the lessor in the event of bankruptcy or insolvency.

SUBORDINATION AND ATTORNMENT: This section is used to define the terms and rights of the lessee in the event of a lien of any mortgage in force against the property.

MISCELLANEOUS TERMS:

This is the area in which the rules, regulations, and governmental authority with respect to use and occupancy are discussed and agreed upon. The lessee agrees to comply

ESTOPPEL CERTIFICATE: Lessee at any time and from time to time, upon at least ten (10) days prior notice by Lessor, shall execute, acknowledge and deliver to Lessor, and/or to any other person, firm or corporation specified by Lessor, a statement certifying that the Lease is unmodified and in full force and effect, or if the Lease has been modified, then that the same is in full force and effect except as modified and stating the modifications, stating the dates to which the fixed rent and additional rent have been paid, and stating whether or not there exists any default by Lessor under this Lease and, if so, specifying each such default.

HOLDOVER: Should Lessee remain in possession of the Premises after the cancellation, expiration or sooner termination of the Lease, or any renewal thereof, without the execution of a new Lease or addendum, such holding over in the absence of a written agreement to the contrary shall be deemed, if Lessor so elects, to have created and be construed to be a tenancy from month to month, terminable upon thirty (30) days’ notice by either party.

WAIVER: Waiver by Lessor of a default under this Lease shall not constitute a waiver of a subsequent default of any nature.

GOVERNING LAW: This Lease shall be governed by the laws of the State of _____.

NOTICES: Payments and notices shall be addressed to the following:

Lessor

Lessee

AMENDMENT: No amendment of this Lease shall be effective unless reduced to writing and subscribed by the parties with all the formality of the original.

BINDING EFFECT: This Lease and any amendments thereto shall be binding upon the Lessor and the Lessees and/or their respective successors, heirs, assigns, executors and administrators.

IN WITNESS WHEREOF, the parties hereto set their hands and seal this _ day of ________, 20____.

Lessee’s Signature Printed Name

Lessor’s Signature Printed Name

ACKNOWLEDGMENT OF NOTARY PUBLIC

STATE OF __________

_ County, ss.

On this _ day of ______________, 20___, before me appeared ________, as LESSOR of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed.

Notary Public

My commission expires:_

ACKNOWLEDGMENT OF NOTARY PUBLIC

STATE OF __________

_ County, ss.

On this _ day of ______________, 20___, before me appeared ________, as LESSEE of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed.

Notary Public

My commission expires:_

FAQs

What is a lease agreement?

Lease agreement is an official document that sets the terms and conditions set by the owner of a property, along with the details of the agreed-upon arrangement between the tenant who agrees to pay rent to occupy the property or space. The landlord/owner is also referred to as the lessor, and the tenant/renter is also referred to as the lessee. Prior to signing, this document is negotiable between the two parties. Once the terms of the contract have been established and signed by each party, it is a legally and mutually binding contract.

Who needs a residential lease agreement?

Anyone who agrees to rent a home or residence needs the protection of a lease agreement. This legally outlines the rights and responsibilities of the owner and the tenant. It is in the best interest of both the owner and the tenant.

What is the difference between a lease and a rental agreement?

A lease stipulates that the property or space will be leased for a specific amount of time. Many of the elements of a lease and a rental agreement are the same with the major difference being the duration of the agreement. Rental agreements usually cover a shorter period of time.

Can I write my own lease agreement?

Yes, as long as you follow a template that includes all of the legal requirements for the state that the property is located in.

What should I include in a lease agreement?

This depends on the type of lease. The key components include the names and contact information for the owner and the tenant, a clear statement of the terms of the lease including the duration, the amount charged, when payments are due, the rules for use of the property, all landlord rights and responsibilities, and all tenant rights and responsibilities. These should be accompanied by the signatures with dates for both parties acknowledging the mutual agreement.

Can a rental agreement be used as proof of address?

Yes, this is considered to be proof of address.

Can lease be canceled?

Under certain circumstances a lease may be canceled. It is easier to cancel a lease when there is a clause that outlines the conditions for cancellation within the agreement.

Does a lease need to be notarized?

Yes. In order for the lease to be valid it must be notarized.

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