Realtors are professional individuals who are licensed to sell and lease out properties. The basic role of a realtor is to manage properties as well as provide all the necessary documents to their clients, either a property owner or a prospective tenant. And one of the documents that realtors use is the realtor lease agreement form.
Realtors Lease Agreement Form Sample
What Is a Realtors Lease Agreement Form?
A realtors lease agreement form is a document which is used by real estate agents in leasing out the properties owned by their tenants. The form is to be created by the leasing company and to be given to every tenant who wants to lease the property. In the form, the terms, agreements, and clauses which should be noted and be obeyed by the involved parties will be enlisted as well as their responsibilities and their roles in the duration of the lease.
Realtors Residential Lease Agreement Form
Realtors Residential Real Estate Lease Form
Varieties of Realtors Lease Agreement Forms
Realtors Apartment Lease Agreement Form – This form variety is specifically for fixed-term leases of apartment units and properties. In a realtors apartment lease agreement form, the involved parties will need to fill out five sections. The first section of the lease agreement centers on collecting the general information of the lessor and the lessee or the property owner and the prospective tenant. This section will document their names, addresses, as well as the agreed beginning and end dates of the lease.
Realtors Apartment Lease Agreement Form
The particulars of the apartment lease will then be specified in the second section of the form such as the total amount of the rent to be paid by the tenant, the installation payments required, and the mandatory tax payments to be fulfilled for fiscal years. The covenants and agreements of the lessor and the lessee will be the contents of the third section of the form while the fourth section will have the affirmations and signatures of both parties. And lastly, the fifth section of the form is the lease guaranty which should be filled out by the guarantor of the lessee or the tenant.
Realtors Furnished and Unfurnished Lease Agreement Form – This form is suitable to be used by a realtor for furnished and unfurnished units which will be leased out to tenants. The form is comprised of two pages which discusses the details of the lease agreement. In the first page of the form, the involved parties will be identified along with the address of the premises or the property to be leased, the term and rental payments of the lease, and the covenants and agreements of the tenant.
Realtors Furnished and Unfurnished Lease Agreement Form
The second page of the form, on the other hand, defines the covenants and agreements of the landlord along with the details of the security deposit, the general covenants of the lease, and a lead-based paint disclosure statement. Moreover, not only the landlord and the tenant will be the individuals who will be affixing their signatures in this form variety but also the witness who is present during the negotiation and the finalization of the lease agreement form.
Realtors Lease Agreement with Purchase Option Form – If a property owner allows his tenants to purchase the property after the term of the lease, then a realtor and landlord must use a realtors lease agreement with purchase option form. This document is composed of five sections. The first section of the option money receipt section will indicate the offer reference date, the names of the landlord and the tenant, the amount of the option money, and the payment method of whether in the form of a cheque or direct cash. The details of the agreement will be disclosed in the second section of the form wherein the property’s location will be stated along with the disclosures of the landlord, the lease terms and the rights of the tenant, and the warranties and waivers for the lease.
Realtors Lease Agreement with Purchase Option Form
In the third section of a realtors lease agreement with purchase option form, the decision of the tenant in lieu of the landlord’s purchase offer will be indicated of whether he accepts, rejects, or wants to send a counteroffer. And in the last two sections, a lease agreement addendum will be defined along with the tenant’s notice of intent to purchase the property.
Realtors Real Estate Manage and Lease Agreement Form – Compared to the aforementioned agreement form varieties, this document is not to be completed or be signed by a landlord and a tenant, rather by the realtor or real estate lease broker and the property owner. Specifically, in a realtors real estate manage and lease agreement form, the realtor and the property owner will be legally bound to their responsibilities in the duration of leasing the property. The description of the property should be included in the form along with the amount that the property owner will be paying to the realtor for the realtor’s services in managing or keeping the property presentable, and in leasing as well as searching for prospective tenants for the property.
Realtors Real Estate Manage and Lease Agreement Form
The landlord’s consents and authorizations to the realtor will also be enlisted in the form including allowing the realtor to coordinate with other brokers, and in compensating the coordinating brokers who have successfully found a tenant. Furthermore, to complete the form, the property owner must indicate his name, social security number, address, and contact information in the allotted areas of the form.
Standard Realtors Residential Lease Contract Agreement Form
Why Is a Realtors Lease Agreement Form Important?
Realtors lease agreement form is important because it serves as a document which allows all the involved parties to have a guide of the rules, regulations, terms, policies, and inclusions of a lease transaction. Without this agreement form, a lease will not be successfully conducted, and expectations will not be met due to the lack of information as to what must be done for the lease. Nonetheless, when filling out a realtors lease agreement form, each party should contribute and negotiate to the contents and the data to be placed in the form. Also, once the form is completed and signed, the involved parties should have their own copy of the agreement form.
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