Rental / Lease Agreements
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Quick Tips: Rental/Lease Agreements
It’s unimaginable that a landlord would ever attempt to rent property without the benefit of a written rental agreement. A written lease provides important legal protections for both the landlord and the tenant. Not only that, but in some states and provinces it is mandatory that a long term lease be in writing. (Side note: despite some regional differences in vernacular, a “lease agreement” and a “rental agreement” are simply two terms for the same legal document. We offer both variations in language, but there is no legal difference, we just do it because some people feel more comfortable that way.)
A well-written lease does the following:
- Identifies all involved parties (landlord, tenant and any agent of the landlord)
- Specifies a start and end date
- Details the amounts to be paid, when and to whom
- Provides information about where Security Deposit will be held (if applicable)
- Defines tenant responsibilities
- Documents proof of residency
- Indicates any special terms or conditions
- Establishes the rules and regulations for the property
- Addresses what utilities are included, if any
- Designates who will be residing on the property
- Provides tenants with required documentation for school enrollment and other business purposes
- Is the first thing the court asks to see when settling a landlord-tenant dispute, so it should be as comprehensive and protective of the landlord as possible!
We have several types of rental agreements including:
- Garage and Storage
- Lease Renewal
- FREE Lease Agreements
- State-Specific & Province-Specific (as soon as you enter the property address, the wizard will change settings to your state/provice)
- Purchase Option Inclusions
Playing it safe is a smart move whether your tenant is renting the property for one year or one week. Shaking hands is polite, but it’s no substitute for a legal contract between two parties that often end up in court.