Legally binding rental agreement template – Many times, we visit the renter and the landlord entering into a dispute due to a wide assortment of issues. There might be some damage to the property or the tenant could have got some modification done without taking prior consent of the landlord. Further, it’s possible that there is any difference of opinion concerning use of parking space or that of pets. In such a situation, if a properly laid out lease agreement isn’t present, you’re bound to face problems later on. Thus, it is extremely important that both the landlord and tenant sign a nicely 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 would 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 that you feel has been left out in it.
Such a template would list out all critical points regarding use of parking or pets. Further, you would find provision of going into the amount of security deposit along with the fees towards late payment of rent. At times, local rules may specify conditions for eviction of the tenant. In this case, the template must contain the necessary provisions.
It must clearly define what course of action could be taken by the landlord in the event the rent is not paid in time. Further, if any damage is caused to the property of their landlord from the tenant, he/she must be made liable to pay for the harm caused. Moreover, it must be determined beforehand that who must cover 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 must honor it. Check it out the sample of legally binding rental agreement template below at the attachment page.
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