Lease to own rental agreement template – Many times, we visit the renter and the landlord entering into a dispute because of wide range of issues. There could be some damage to the property or the tenant would have got some modification done without taking prior permission of the landlord. Further, it’s possible that there is a difference of opinion concerning use of parking area or that of pets. In such a situation, if a properly laid out lease agreement isn’t present, you are sure to face problems later on. Thus, it’s extremely important that both the tenant and landlord sign a well documented rent agreement before the tenant takes possession.
You can get a free rental agreement template from a website. Such a free rental agreement template would contain all essential clauses regarding property being given on rent. A free rental agreement template could have sufficient space where you can add your name and address along with the address of the property being given on lease. Further, you can add any specific clause which you feel has been left out in it.
Such a template could list out all critical points concerning use of parking or pets. Further, you would find provision of entering the amount of security deposit along with the fees towards late payment of rent. Sometimes, local rules may specify conditions for eviction of the tenant. In such a case, the template must contain the necessary provisions.
It must clearly specify what course of action can be taken by the landlord in case the rent isn’t paid in time. Further, if any damage is caused to the property of their landlord by the tenant, he/she must be made liable to pay for the damage caused. Moreover, it must be decided beforehand that who must pay for utility bills such as water and electricity. Both the parties need to understand that once signed, it becomes a legal document and both the landlord and the tenant should honor it. Have a look the sample of lease to own rental agreement template below at the attachment page.
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