When it comes to business, business owners always want to be ensured that they are going to receive payments from their clients, and clients want a guarantee that they get the exact type of service they are paying for. Thus, the birth of business contracts and agreement forms.
A Standard Lease Form is a type of agreement that stipulates the amount of rent a tenant pays to the landlord and the obligations that a landlord must provide in order to deem the leased space as “livable” or conducive for living. Our Standard Lease Forms are provided to give you better access to printing and downloading Lease Templates and are tailored to fit your needs.
Standard Apartment Lease Form
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Most Lease Agreements are issued in writing; however, verbal lease agreements may also be enforced as legal contracts depending on the state that you are in. In some areas, Verbal Lease Agreements are prohibited because their complexities make it almost impossible to validate verbal agreements in court.
What Constitutes a Standard Lease Agreement?
A standard form of a Lease Agreement typically contains the following information:
- 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
The Legalities of a Lease Agreement
Lease Agreements are a contract between a lessor and a lessee and are therefore legally binding. When a landlord and a tenant have agreed to the terms and obligations that are stipulated in the agreement, both parties will then affix their names, signatures, and the date that it was signed. Affixing their signatures demonstrates that they willfully agree with the indicated terms.
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The responsibility for paying the cost for the maintenance and repairs to the property should be also be indicated in the Lease Agreement. Some landlords typically indicate that the cost for maintenance and repairs should be done by the tenant if the damage was incurred by him.
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 costs or unpaid dues.
A Lease Agreement should set terms that protect the privacy of a tenant and should have a clause that indicates a landlord’s right to enter a leased space only after permission from the renter is rendered.
Terminating a Contract
Terminating a Lease Agreement before it even ends may be a possibility down the road. The decision may be made mutually or may be a result of unsatisfactory service, late payments, or if clauses of the agreement have not been met. Regardless of the reason, terminating an agreement has to be conducted in a clear and proper manner and in accordance with the law in order to avoid disputes later on.
Related Link: Lease Application Forms
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