A lease or rental agreement happens to be a legal document outlining an arrangement between a tenant and a landlord. This type of contract is legally binding. When it comes to renting an estate, neither a tenant nor a landlord should enter into a rental relationship without this type of a document. This is an important document that guarantees the protection of all the rental terms between the two parties. Find out how rental lease agreement forms can help landlords.

Specify the property description

With this type of contract, landlords can mention whether or not the rental property is a furnished one. They have the option to include in the agreement a description about the property – its location, whether any part needs repair etc.

Mention a property manager

This document can also help landlords to identify a manager for the rental property, who would take care of the real estate on the behalf of the landlord.

Run a home business

It can also let a renter run a home business from the premises of the property.

Include a pet fee or deposit

They can also incorporate a pet fee or deposit in this type of agreement so that tenants can understand whether they have to pay anything to keep a pet on the premises that they obtain on lease. One can get a free residential lease agreement PDF sample from the internet and check it to know how to include such terms and conditions.

Include guarantor details

It can also be used to include details about a guarantor, such as a close buddy or a parent or some other third party, who consents to cover all the monetary obligations in case a tenant makes a rent default.

Both landlords and tenants need to keep a copy of the agreement signed for their own records.

What Does a Generic Lease Agreement Include?

A lease agreement is a contract that specifies the terms and conditions of a rental relationship between renters and landlords. Every day, many such agreements are printed and signed by tenants, landlords, and property supervisors, before keys to a rented or leased property are given to new tenants. Find out about the terms that are generally included in a generic lease agreement PDF document.

Payment terms

There should be a clear mention of all the terms of payment, such as:

• How much rent has to be paid?
• When is a rent payment due?
• Which payment model should be used?
• What are the late payment charges?
• Is a security deposit involved?

All these and more should clearly be discussed in the agreement so that no future issues arise.

Terms of rent

A free printable basic rental agreement must also specify all the terms of rent, such as how long the rent or lease period should be, and whether there is an option for the tenant to buy the property at the end of the span or when the rental period comes to an end.