Residential rental agreement template – Many times, we see the renter and the landlord entering into a dispute because of wide assortment of issues. There could be some damage to the property or the tenant would have got some modification done without requiring prior permission of the landlord. Further, it’s possible that there is any difference of opinion regarding use of parking space 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 is very important that both the tenant and landlord sign a well documented lease 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 rent. Further, you can add any particular clause which you feel has been left out in it.
Such a template would list out all important points regarding use of parking or pets. Further, you would find provision of entering the amount of security deposit and the fees involving late payment of rent. At times, local rules may specify conditions for eviction of the tenant. In such a case, the template must contain the necessary provisions.
It should clearly specify what course of action can 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 by the tenant, he/she has to be made liable to pay for the damage caused. Moreover, it has to be decided beforehand that who must pay for utility bills like water and electricity. Both the parties must 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 residential rental agreement template below at the attachment page.
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