If you are planning to rent out your place to someone, it is necessary to have a simple lease agreement to guard your rights should any issue arise with your tenant.
Lease agreements are legally enforceable contracts. They outline the responsibilities and privileges of both the landlord and the tenant. Failure to follow these will result in consequences, which are also explained in the document.
Creating a well-written lease agreement can ensure that the renter is a good fit for the particular residential or commercial property. Before creating a lease agreement, lessees need to evaluate to confirm the income and background information of the lessor.
Here are the details to include when making your own simple rental agreement form.
Adults living on the property should be named as a tenant and must sign a lease, the simple rental agreement form. It ensures that all of them are legally responsible for paying the rental cost and following all terms and conditions.
If one tenant misses a due date, you can ask the other tenants to make up for it. Additionally, if one tenant breaches the agreement, you can cancel the lease of all tenants.
As a lessee, you can also add an occupancy clause explaining that only the official tenants and their minor children can live on the property, and guests can only stay for a certain number of days.
If the tenant allows an unapproved person to move in or sublets the unit without permission, you can terminate the tenancy and expel the residents.
On the simple lease agreement template, you have to input the address of the building and unit number. You may also want to state the specific parking spots included. Similarly, describe in the document the other areas the tenants can use and the prohibited ones.
Agreements may cater to short-term and long-term tenancies. They may either renew automatically or until the landlord or tenant choose to terminate. Whatever you choose, be specific on the date you will put, the length of stay, and the expiration date.
When writing about the payment terms, make sure to put how and when you will pay it. To avoid problems, spell out details such as acceptable payment methods, late rent fees, grace periods, and charges for check bounces.
You can prevent any disputes between you and the tenant when you are clear on the expected fees, such as:
To protect yourself against rent-withholding problems and security deposit conflicts, explain the repair and maintenance policies on your agreement. It includes:
As the house owner, you can include a clause stating your right to access the rental. It could help avoid breaking any rules or violations. You can have different policies depending on various situations. For example, if you're going to show the unit to potential renters, you need to notify the renter 24 hours prior.
Specify any rules or regulations that could remove a tenant who violated them. Here are some of the things you can add to the Simple Rental Agreement Form Template:
Federal, state, and local laws may ask you to report particular information in your simple lease agreement. You also want to guarantee that you follow rent control laws, anti-discrimination laws, and health and safety codes. Have a lawyer review your lease to maintain compliance.
FormBot offers simple lease agreement templates with basic and sophisticated sections. It allows you to put the terms and conditions of the contract between you and the tenant.
With our pre-made templates, you can adjust and edit the format according to your requirements and send them to your lessors to sign. Try our online form builder now!