FREE 8+ Sample Rent Lease Agreements in PDF | MS Word

Putting your property up for lease is a good source of income and demands less of your time or money for supervision or to pay staff to manage your properties. This is why landlords need to protect themselves from anything that could potentially hurt or damage their business by providing their tenants with a Rental Lease Agreement.

A Rental Lease Agreement, like all other Agreement Forms, is a legally binding written contract that outlines the terms and conditions that a tenant and a landlord needs to abide by in order for both parties to maintain a peaceful and professional relationship. In most states, a Rental Lease Agreement is required by law to make a lease enforceable.

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Having a Rental Lease Agreement or Rental Agreement Forms greatly helps in lowering the landlord’s risk of potentially allowing tenants to damage his business of land-lording. A Rental Lease Agreement covers areas such as property maintenance and repairs, amount of rent due, schedule of payment, and other details that provide clarity between both landlord and tenants and make sure there is no misunderstanding between both parties.

The Basic Contents of a Rental Lease Agreement

A Rental Agreement typically starts off with the full names of the lessor and the lessee as well as the complete address of the property that is being leased. Other details include the the landlord’s service address, the amount of rent due, the mode of payment, the amount of deposit paid in advance, the length of the tenancy, terms and conditions, house rules, the rights and obligations of both the landlord and the tenant, and a forfeiture clause.

Legally Binding

A Rental Lease Agreement is legally binding, which means that both parties are obligated to abide by the conditions being outlined in the agreement. Any action that violates any of the aforementioned terms can be grounds for a legal dispute.

Property Maintenance and Repairs

The maintenance and repairs clause in a Rental Lease Agreement indicates whether it is the tenant or the landlord who is responsible for the work and cost of the property’s maintenance as well as the cost for the repair of any damage done intentionally or accidentally.

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 repairs and maintenance cost or unpaid dues.

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Tenant Privacy

A Rental Lease Agreement should contain a privacy clause for the tenant’s benefit. This ensures the tenant that the property is rightfully his for as long as he is paying the lease and that nobody, not even the landlord, can enter the property’s premises without prior notice and without the tenant’s consent.

Terminating a Rental Agreement

Both the tenant and the landlord have the right to terminate a lease before it even ends. The termination may be a mutual agreement or be due to the failure of one party to meet certain terms in the contract. However, as with other contracts, terminating an agreement has to be made step by step to avoid disputes or lawsuits.

If you are a tenant, you have to make sure that you have a legal reason for terminating your lease lest your landlord have reasons to take you to court and not give you a refund of your deposit. This is why it is important to construct an agreement that is foolproof and able to properly set tenant’s expectations. You can use or download our Lease Agreement Forms to help you save time and money. Our free forms can be easily downloaded and are available in different templates to cater to your needs.