Insurance (Bond) – The landlord is recommended, and required in some States, to disclose the type and amount of insurance are covered on the tenant’s behalf. (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected. Termination – In most lease agreements, there is no termination clause. Download: Adobe PDF, MS Word (.docx), OpenDocument. For a fixed term such as 12 months. (31) Although not required, it’s highly recommended that the tenant’s address is also entered for notices (most commonly is the address of the premises). Most long term lease arrangements are at least 1 year but some terms can be month to month. (33) If the premises was built prior to 1978, according to federal law, the lead-based paint disclosure form must be attached to the lease. 1. House Rules – Mainly for roommate situations, if there are any house rules such as cleaning times, common areas, quiet times, or any other regulations it should be listed. Vacation (Short-Term) Rental Agreement – For a term that usually ranges only for a few days between an owner of a home, apartment, condominium, or any other type of residence. A security deposit is paid by a tenant to a landlord at the start of a lease and returned after delivery of the property back to the landlord. Move-in to the property and perform a move-in inspection and write down all damage that exists. If there is a late fee, enter when rent is considered late and the fee for each occurrence or day rent is late. Security Deposit – This is the mount of deposit the landlord collects upfront before the renter moves in. Below are a variety of basic rental agreements in Word you can use and update on your own. weekends and holidays), 2 months’ rent (unfurnished), 3 months’ rent (furnished), 1 month if mentioned in the lease, 2 months if not, 1 month’s rent is 62 years or older, 2 months’ rent if younger, 30 days from the move-out date or 15 days from receiving the tenant’s new address. Quickly Customize. This should mention the “landlord“ and “tenant“ along with their legal mailing addresses. 1 month’s rent for leases 1-year and under. Details like the amount of rent, security money and time of termination will be mentioned in the agreement. This is to ensure that upon move-out that the tenant does not vacate with the property of the landlord. This is a good section to have to discourage parties and loud noise. a written document that officially recognizes a legally binding relationship between two parties — a landlord and a tenant Export: Dropbox, Google Drive, Microsoft OneDriveLease with Option to Purchase Agreement – A generic residential contract with added terms and conditions for the purchasing of real estate an… If there is a violation committed by the tenant that is unrelated to late payment then the landlord may give the tenant Notice to Comply or Quit. (32) If the landlord has an agent or manager that maintains the property, their name, telephone, and e-mail should be entered. 1 month’s rent for 1-year leases. Most States have required disclosures that the landlord must give to the tenant. Property Description – In the following paragraph the address of the premises should be described thoroughly including the number (#) of bedrooms, bathrooms if the property is shared, common areas, and any other details that should be written. (10) Enter the use(s) for the premises. For Example – If a tenant decides to paint the apartment red and the original color was white, usually the landlord will ask for the tenant to simply pay for the property to be repainted. Easily Editable & Printable. If month-to-month, then a start date is required and the time period when either party may terminate the agreement (see month-to-month termination laws). Alterations – Most landlords do not allow modifications to the property. Condominium (Condo) Rental Agreement – Residential unit that is owned by an individual in a complex with other individually owned residences. 2 months’ rent, for tenancy-at-will only 1.5 months’ rent, 30 days if no deductions, if deductions then an additional 30 days, 1 month’s rent for no pets, 2 months’ rent if pets, 14 days if no deductions, 45 days if deductions, 60 days unless the property is re-rented within 45 days, then immediately, 30 days from lease termination or 15 days from receiving the tenant’s forwarding address, whichever is lesser, 24 for non-emergency, 48 hours for the move-out inspection, On the due date in the lease, but there is a 5-day grace period before a late fee may be imposed, On the due date in the lease, but there is a 4-day grace period before a late fee may be imposed. This is common with tenants with no or bad credit history. Title 35, Chapter 9A (Uniform Residential Landlord and Tenant Act), Title 34, Chapter 3 (Uniform Residential Landlord and Tenant Act), Title 33, Chapter 10 (Residential Landlord and Tenant Act), Title 18, Subtitle 2, Chapter 17 (Arkansas Residential Landlord-Tenant Act), A Guide to Residential Tenants’ and Landlords’ Rights and Responsibilities, Chapter 830 – Rights and Responsibilities of Landlord and Tenant, Title VI, Chapter 83, Part II – Residential Tenancies, Title 44, Chapter 7 – Landlord and Tenant, Chapter 521 Residential Landlord-Tenant Code, Title 32, Article 31 (Landlord-Tenant Relations), Chapter 562A (Uniform Residential Landlord and Tenant Law), Chapter 58, Article 25 (Landlords and Tenants), KRS Chapter 383 (Uniform Residential Landlord and Tenant Act), Attorney General’s Guide to Landlord and Tenant Laws, Real Property, Title 8 (Landlord and Tenant), Chapter 186 (Estates for years and at will), Title 89 > Chapter 7 – Landlord and Tenant, Chapter 24. (12) If the landlord has any appliances on the premises such as a microwave, refrigerator, washer, dryer, etc. The notice period is decided by the State the property is located. If a fixed lease, there will be a start and end date. housing.ucsc.edu. Although, the rent is still considered late and will reflect negatively on the tenant’s rental history. Create a high quality document online now! deemed part of this rental agreement, and a violation of any of the house rules is considered a breach of this agreement. Commercial Lease Agreements – For the use of any type of retail, office, or industrial space. Since it is a legal document, it has to be very carefully created.But that is not always an easy task. Family Member Rental Agreement – When a relative comes to live in the same home as a family member. Pet Deposit – The pet deposit is what you collect for potential damages that might arise from a tenant having a pet within your rental. PDF; Size: 260 KB. A grace period protects the tenant from being charged a late fee or being evicted during such time period. (11) If there are any furnishings, such as couches, chairs, beds, curtains, etc. Lease-Purchase (Lease to Own) Agreement – Agreement that structures rental payments in combination with payments to own the property. All other utilities will be paid by the tenant. (26) Gives the tenant the option to terminate the lease early. No maximum, although it must be stated in the lease. Pets – If animals are allowed on the premises it should be stated. It is always recommended to view the laws in your municipality but most of the requirements and/or disclosures will be required on the State-level. Property-related expenses will be paid by the landlord, the tenant, or split between both parties as defined in the lease. (18) If the first month’s rent is due at lease signing or on the 1st day of the lease term. One (1) Page Lease Agreement – For residential use as a simple agreement between a landlord and tenant. Landlordo is your source for rental news, tips, technology and more. A rental agreement or a lease agreement is a contract between two or more parties that defines the partnership terms and how the profits will be shared among them. (23) Mark whether or not the landlord will provide parking on the premises. For example, if there are 6 months left on the rent, the tenant is responsible for paying the remaining 6 months plus any other early termination fees. State-Specific Templates Paper size: The LPA Basic Rental Agreement is a short basic version of a rental agreement for very basic simple agreement. This is always recommended to protect the tenant from their security deposit being wrongfully deducted at the end of the lease for pre-existing damage to the premises. Weekly Rental Agreement – A tenant who resides in residential space with rent being paid every seven (7) days. Renewal Letter – To renew a lease and make any changes to the agreement such as monthly rent. Most will provide some, such as water/sewer, but most will elect the tenant to decide for themselves whether cable, internet, and any other they decide to have. (6) The mailing address of the property (include the apt # (if any)); (7) Residence type (Apartment, House, Condo, Other). This does not mean that late fees are not allowed, rather, it suggests that the landlord is able to charge as much as desired as long as it is written in the lease. In California for example, this is a required to be stated in the lease. “All contracts for rent shall bear interest from the time the rent is due”. The security deposit is usually 1 to 2 times the amount of the monthly rent and is returned to the tenant at the end of the lease term if nothing has been broken or damaged. Tenancy agreement A tenancy agreement is almost similar like rental agreement paper where a contract is made between two parties (tenant and landlord). Sub-Letting – Most lease agreements do not allow sub-letting or subleasing. (19) If the tenant is required to pre-pay rent in advance it should be selected. Make sure that all parties have received a copy and the form will become legally valid. A Lease vs Rental Agreement: What Are the Differences? If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. Maryland Commercial Lease Agreement Template. A good start could be a standard rental agreement, and then you can later change it to fit your individual needs. 5. The deposit can be lost if the tenant cancels the lease or eviction. 16. (25) Enter all utilities that the landlord will be responsible for during the term of the lease. Guests – A maximum number of people that the tenant is allowed to have on the property should be included as to not encourage constant parties or loud neighbors. Chicago only – $10.00 per month for the first $500.00 in monthly rent plus five percent per month for any amount in excess of $500.00 in monthly rent for the late payment of rent. 5% of the monthly rent amount, charged once for each succeeding 5-day period, Detailed Background Check ($35 per screening) –. Laws in the real estate and property management differs from one state to another and even state, so, it is important that you understand the laws in the contracting area. Hunting Lease Agreement – For individuals that would like to hunt on someone else’s private land. Michigan Commercial Lease Agreement Template The Michigan commercial lease agreement commits a landlord and a business tenant to a binding contract for retail, office, or industrial space. No limit for residential leases more than 1-year. This is the most easiest way for anyone to rent out one or more rooms of his/her house for an extra income. On the search for specific, professional, and printable private lease agreement samples?We can help you hasten your work. For preparing such type of agreement paper, one can download month to month rental agreement template online and give it a customized look mentioning your terms and conditions. This Blank Lease Agreement Sample is made when the owner is giving his property to a person or family for a stay or gave it for the purpose of business with the exchange of rent. Receipt of Agreement – The lease is not valid unless all parties involved have received a receipt and acknowledgment of the lease. Download. Parking – If there is parking on the premises the landlord may or may not offer a spot for the tenant. Receipt of Agreement – The lease is not valid unless all parties have received receipt and acknowledgment of the lease. This is when the tenant rents out the property to someone else. As a landlord, it is important to have any lease term end in a seasonally beneficial time period so if the tenant does not renew, you can find a replacement relatively quickly. If the rent is greater than $700/month, the late cannot exceed more than $20/day or $100/month. No limit for all others. From start to finish, follow this simple guide to properly lease residential property. Sublease (Sublet) Agreement – The renting of space a tenant has to someone else. Details. Some states have limits on the amount a landlord can charge on late fees. This will give the landlord an idea of the character of the individual(s) and if they are going to be quiet or noisy neighbors. The document must follow all State Statutes and contain all disclosures as provided by law. 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