Putting a home up for lease is a great form of business because it allows a landlord to receive income or profit minus the burden of hiring a lot of people to manage. However, like all other businesses, land-lording also entails certain risks such as renters who do not pay rent on time or tenants who cannot follow house rules.
We have come up with an array of Agreement Forms that will cater to your land-lording needs. When putting your home up for lease, it is crucial that certain terms and conditions are set to serve as a reference guide for both you and your renter when disputes or misunderstandings arise.
Sample Home Lease Agreement
Standard Home Lease Agreement
Residential Home Lease Agreement
Land Lease Agreement for Mobile Home
Lease to Own Home Agreement Contract
Home Lease Agreements and What’s in Them
As we look into the details of a Home Lease Agreement, we find that its contents include the following:
- the names of both the lessor and the lessee
- the complete or specific address of the home being leased
- the landlord’s service address
- the amount of rent due
- the mode of payment
- the schedule of payment – whether it’s monthly, quarterly, or annually,
- the length of the tenancy
- specific terms and conditions
- specific obligations and responsibilities
- house rules
- a forfeiture clause
Home Lease Agreements Are Legally Binding
When a landlord and a renter have negotiated between the terms and conditions in an agreement, both parties have to affix their names and signatures on the contract to demonstrate that they willfully agree to it.
Home Lease Agreements are legal and binding contracts and therefore obligate both parties to comply with the conditions being outlined in the agreement. Any action that violates any of the aforementioned terms can be grounds for legal proceedings.
Related Link: Rental Agreement Forms
Home Lease Agreement in PDF
Rent to Own Home Lease Agreement
Example of a Lease Agreement for Home
Home Lease Purchase Agreement
Maintenance, Repairs, and Security Deposit
The responsibility for paying the cost for the maintenance and repairs to the property should be indicated in any Lease Agreement. Some landlords indicate that the cost for maintenance and repairs should be done by the tenant if the damage was incurred by the renter.
Landlords usually require a security deposit at the beginning of the lease. A security deposit is a payment other than the advanced deposit, which usually covers up for repairs and maintenance cost or unpaid dues.
Tenant Privacy and Confidentiality
A Lease Agreement should set terms that protect the privacy of a renter and indicate a landlord’s right to enter a leased space only upon the authorization of the tenant.
Terminating a Rental Agreement
Both the tenant and the landlord have the right to terminate a lease before it even ends. Terminating an agreement may be mutual or may arise when a portion of the agreement’s terms and conditions has not been met. However, as with other contracts, terminating an agreement has to be made step by step to avoid disputes or lawsuits.
Also see: House Lease Agreement Forms
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