000 Simple Rental Agreement Template Doc High Definition
You may find a lot of rental agreement templates that come as e_books on the internet. These are not too good but they are good enough to guide you in drafting your own contract. These templates are mostly written for a landlord and tenant relationship.
When you hire a professional lawyer to draft your contract, it is important to hire someone who knows the law of renting and who knows how to craft the rental agreement. It will save you from having to pay several hundred dollars for lawyer fees if you decide to work with an outside professional. So, what is a rental agreement?
The key to knowing what is in the rental agreement is understanding what exactly it is. It is nothing but a contract between you and the tenant. It is what the tenant is signing and the landlord is agreeing to accept the terms of that contract.
There are many things you should look for in a rental agreement template. First, you need to know what the contract should contain. All contracts should have the following things. The first one is the disclosure of all the information that the tenant needs to know.
Disclosure of key facts about the property. This includes identifying the nature of the property, location and size of the house. It must also tell the tenant at the address of the property and that it is a living space only.
If the tenant moves out, then the disclosure should indicate the payment method and when the money will be paid. Another thing that should be included in the contract is the fees. Some things like deposits, maintenance fees, tenant improvement fees, maid service and tenant insurance should be disclosed in the disclosure document. It is also essential to have the amount of rent you are charging for each month.
If there is a change in the rent, then it should be stated in the document. The tenant should be informed about the payment method like monthly, quarterly or yearly.
Finally, there should be a financial obligation between the landlord and the tenant. This will state clearly that the landlord agrees to provide the required utilities and there is a security deposit. It must also state that there is a lease contract between both parties.
Some contracts will have the signature page where both the tenant and the landlord can sign. The tenant should sign first and write his name followed by the date.
In case the tenant does not sign the document, the landlord may put the signature of the tenant before or after his name. Then, the landlord's signature should follow. He should make sure that he signs the document and not a fake signature.
The next thing to look for in a rental agreement template is the things that must be disclosed. They are as follows:
You can download a rental agreement template doc online and edit it yourself. There are people who will give you the master copy so that you can edit it according to your own requirements.
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