The Maryland commercial lease agreement is a legal contract that binds an individual or entity to make monthly payments to a landlord in exchange for the use of office, industrial, or retail space. Receipt of Agreement – The lease is not valid unless all parties involved have received a receipt and acknowledgment of the lease. Rental Agreements are quite critical to document your property rent either residential or commercial. So write an agreement that both parties will understand and abide by. Rental Lease Agreement Templates | Residential & Commercial Create a high quality document online now! The late fees or the maximum amount a landlord may charge for late rent is not defined in most States. Our support agents are standing by to assist you. (19) If the tenant is required to pre-pay rent in advance it should be selected. If the tenant(s) meet the landlord’s qualifications a lease should be drafted (Instructions – How to Write). If you fail to renew the lease, most state rental laws say that the contract then goes month to month. Clarify Who Is Involved. Month-To-Month Rental Agreement. (10) Enter the use(s) for the premises. Move-in Inspection Checklist – Use to walk around the property and list any damage to the property. Simple Rental Lease Agreement Template If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. The document must follow all State Statutes and contain all disclosures as provided by law. In most cases, the tenant would have to be responsible for paying the remaining rent due. There are two (2) types: Termination – In most standard leases there is no option for the tenant to cancel the lease. It helps both parties to safeguard their rights and concerns regarding this transaction. Export: Dropbox, Google Drive, Microsoft OneDriveLease with Option to Purchase Agreement – A generic residential contract with added terms and conditions for the purchasing of real estate an… Most states vary by rental law but all of them abide by the fair housing act. If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. Insurance (Bond) – The landlord is recommended, and required in some States, to disclose the type and amount of insurance are covered on the tenant’s behalf. Use the following resources to conduct your search: The landlord should contact past employers, past landlords, and any non-family references provided in the application. First, the landlord may accept a late fee for the delay in payment. Guests – This is the section that notes and describes the maximum amount of guests a renter can have on the property at anyone time. Maintenance – In certain situations, such as the renting of a single-family home, the landlord or tenant may be obligated to conduct timely property upkeep such as lawn care, snow plowing/shoveling, etc. Roommate (Room Rental) Agreement – For a roommate seeking others to join in paying rent in a residential unit together. a written document that officially recognizes a legally binding relationship between two parties — a landlord and a tenant Here is a good looking and brief Room Rental Agreement Template in MS Word format to help you sign a Room Rental Agreement. This is usually equal to one (1) or two (2) month’s rent and is regulated in most States to not be more than a couple months’ rent. Security Deposit – The amount that is due at the time of lease signing. (27) Lets the landlord set the smoking policy on the premises. (23) Mark whether or not the landlord will provide parking on the premises. Simple Room Rental Agreement Sample. (34) If there are additional terms and conditions that need to be written they can be in this section. A Lease vs Rental Agreement: What Are the Differences? Laws in the real estate and property management differs from one state to another and even state, so, it is important that you understand the laws in the contracting area. Below are … Before a lease agreement is drawn up, the tenant will usually view the space and deem it acceptable to their living standards and make a verbal offer to the real estate agent, manager, or landlord. Some States have limits on how much a landlord may charge but it is always recommended to have a fee. Instantly Download Free Lease Agreement Templates, Samples & Examples in Microsoft Word (DOC) Format. weekends and holidays), 2 months’ rent (unfurnished), 3 months’ rent (furnished), 1 month if mentioned in the lease, 2 months if not, 1 month’s rent is 62 years or older, 2 months’ rent if younger, 30 days from the move-out date or 15 days from receiving the tenant’s new address. No limit for all others. Pet Deposit – The pet deposit is what you collect for potential damages that might arise from a tenant having a pet within your rental. Free Rental Lease Agreements | PDF & Word Templates Download residential and commercial leases that allow a landlord and tenant to come to a binding agreement over the use of property upon terms such as start & end date, monthly rent, utilities, parking, common … Second, and depending on the State law, the landlord may give a Notice to Pay or Quit stating the landlord has the right to terminate the lease if the tenant does not pay by a specific date. It is a fixed arrangement usually lasting for a period of one (1) year and both parties shall be bound until the end of its term. Some states have limits on the amount a landlord can charge on late fees. 1. Parties – In the first (1st) paragraph the parties should be introduced. Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt) 2. Easily Editable & Printable. Parking – If there is parking on the premises the landlord may or may not offer a spot for the tenant. For a Below are a variety of basic rental agreements in Word you can use and update on your own. 1 month’s rent for 1-year leases. Some of the basic terms you should be aware of that are used in rental agreements are the following: Lease Term – This is the length of the lease. Paper size: The LPA Basic Rental Agreement is a short basic version of a rental agreement for very basic simple agreement. Prior to authorizing a lease, the landlord may request the tenant’s credit and background information to ensure they can afford the rent amount. (20) The proration period is selected if the tenant wants to move-in before the lease start date. Standard Residential Lease Agreement – Typically for a one (1) year period but can be for any fixed period. Month-to-Month Lease Agreement – Also known as a “tenancy-at-will” it allows the tenant and landlord to have a binding arrangement that may be altered with thirty (30) days’ notice. A rental agreement or lease is a contract that outlines an arrangement between a landlord that owns a property and a tenant willing to pay rent for its use. It is legal and hence enforceable against everyone who have signed the agreement. A specific, detailed lease may mitigate disputes and misunderstandings as well as … … A standard residential lease agreement is the most widely used landlord-tenant contract for renting residential property. Property-related expenses will be paid by the landlord, the tenant, or split between both parties as defined in the lease. Due to certain communities taking a stand against allowing private residences being rented, there has been legislation proposed in many areas of the country that prohibit or tax this type of leasing. This may be completed by a new roommate or as a collective group. Common terms and conditions included are the length of the occupancy, the amount of the periodic payment, and restrictions on the use of … If there is, there is usually a termination fee or cost to the tenant. (21) If there is a security deposit, it should be selected and the amount entered. The deposit can be lost if the tenant cancels the lease or eviction. If there is a violation committed by the tenant that is unrelated to late payment then the landlord may give the tenant Notice to Comply or Quit. Move-in to the property and perform a move-in inspection and write down all damage that exists. Title 35, Chapter 9A (Uniform Residential Landlord and Tenant Act), Title 34, Chapter 3 (Uniform Residential Landlord and Tenant Act), Title 33, Chapter 10 (Residential Landlord and Tenant Act), Title 18, Subtitle 2, Chapter 17 (Arkansas Residential Landlord-Tenant Act), A Guide to Residential Tenants’ and Landlords’ Rights and Responsibilities, Chapter 830 – Rights and Responsibilities of Landlord and Tenant, Title VI, Chapter 83, Part II – Residential Tenancies, Title 44, Chapter 7 – Landlord and Tenant, Chapter 521 Residential Landlord-Tenant Code, Title 32, Article 31 (Landlord-Tenant Relations), Chapter 562A (Uniform Residential Landlord and Tenant Law), Chapter 58, Article 25 (Landlords and Tenants), KRS Chapter 383 (Uniform Residential Landlord and Tenant Act), Attorney General’s Guide to Landlord and Tenant Laws, Real Property, Title 8 (Landlord and Tenant), Chapter 186 (Estates for years and at will), Title 89 > Chapter 7 – Landlord and Tenant, Chapter 24. At the end of the lease period, the landlord will decide whether or not to renew the lease. deemed part of this rental agreement, and a violation of any of the house rules is considered a breach of this agreement. State-Specific Templates Since it is a legal document, it has to be very carefully created.But that is not always an easy task. Security deposit (if required), 1st month’s rent, and any pro-rated rent (if the tenant is moving-in before the lease start date). Most states vary by rental law but all of them abide by the fair housing act. Read on and be informed of the significance of having even a simple room rental agreement between landlord and tenant: To Clarify the Legal Rights of the Tenant. We here provide you with an array of downloadable private lease templates that are high-quality, well-researched, and updated lease agreement samples. Download and edit a standard lease or a month to month agreement form for your specific state by clicking on the image below: Sample Month to Month Lease Agreement Two. A Sample lease is a legal document which is presented in writing and represents the parties and cover their lease agreement over a piece of property that could be an apartment, a car or a contract. Landlord’s Name & Address (required for all) – Every Kansas lease must disclose the contact information for the owner and/or agent(s) authorized to act on the rental unit’s behalf for the purpose of serving legal notices. 4 Printable Lease Agreement Templates for Landlords and Tenants, Understanding Landlord Harassment: What You Need to Know. (6) The mailing address of the property (include the apt # (if any)); (7) Residence type (Apartment, House, Condo, Other). Landlord’s access is the right to enter the property of the tenant with sufficient notice. It is always recommended to view the laws in your municipality but most of the requirements and/or disclosures will be required on the State-level. Non-Renewal Letter – To inform a tenant that the landlord does not wish to renew or extend their lease. This Blank Lease Agreement Sample is made when the owner is giving his property to a person or family for a stay or gave it for the purpose of business with the exchange of rent. Room Rental Agreement Template: Free Download, Create, Edit, Fill and Print. Although, the rent is still considered late and will reflect negatively on the tenant’s rental history. Month to Month Rental Agreement Template: Free Download, Create, Edit, Fill. Utilities – The landlord may opt to pay all, some, or none of the tenant’s utilities. This is to ensure that upon move-out that the tenant does not vacate with the property of the landlord. Furnishings – If the property was furnished upon the tenant moving-in, all items should be listed such as couches, beds, chairs, desks, musical instruments, and any other valuable items. 30 days if deductions, 15 days if no deductions, 30 days if stated in the lease, 21 days if not, 30 days if deductions, 45 days if no deductions, 1 month’s rent (unfurnished), 1.5 months’ rent (furnished), 30 days if the lease is fixed-period, 21 days if tenancy-at-will, 30 days if deductions, 10 days if no deductions, 1 month’s rent or $100, whichever is greater, 30 days, 20 days if the property is shared with the landlord. This is mainly used so the tenant does not have their security deposit be wrongfully deducted for damages not conducted by the tenant. Rent and Lease Template. This is not allowed in most leases, although if it is allowed, usually requires the written consent of the landlord to ensure any new sublessee is credible. If the landlord is to provide parking, enter if there is a fee or not for each vehicle. Use to protect the rights of both parties. A rental agreement or lease is a contract that outlines an arrangement between a landlord that owns a property and a tenant willing to pay rent for its use. Weekly Rental Agreement – A tenant who resides in residential space with rent being paid every seven (7) days. Download: Adobe PDF, MS Word (.docx), OpenDocument. Details. 5. Tenancy agreement A tenancy agreement is almost similar like rental agreement paper where a contract is made between two parties (tenant and landlord). JotForm offers you free Event Facility Rental Agreement template. Security Deposit – This is the mount of deposit the landlord collects upfront before the renter moves in. 2 months’ rent, for tenancy-at-will only 1.5 months’ rent, 30 days if no deductions, if deductions then an additional 30 days, 1 month’s rent for no pets, 2 months’ rent if pets, 14 days if no deductions, 45 days if deductions, 60 days unless the property is re-rented within 45 days, then immediately, 30 days from lease termination or 15 days from receiving the tenant’s forwarding address, whichever is lesser, 24 for non-emergency, 48 hours for the move-out inspection, On the due date in the lease, but there is a 5-day grace period before a late fee may be imposed, On the due date in the lease, but there is a 4-day grace period before a late fee may be imposed. PDF; Size: 260 KB. A rental agreement or a lease agreement is a contract between two or more parties that defines the partnership terms and how the profits will be shared among them. PROPERTY: TENANT agrees to rent from LANDLORD and LANDLORD agrees to rent to TENANT (the PREMISES). Be sure to check with a local real estate attorney or real estate agent before listing your property for rent. Alterations – Most landlords do not allow modifications to the property. For preparing such type of agreement paper, one can download month to month rental agreement template online and give it a customized look mentioning your terms and conditions. (33) If the premises was built prior to 1978, according to federal law, the lead-based paint disclosure form must be attached to the lease. Late Charges – Electing to have a late fee is a way landlords try to penalize a tenant for not paying their rent in a timely manner. (26) Gives the tenant the option to terminate the lease early. The main lease topics are as follows (alphabetical). The New Mexico residential lease agreement (“rental agreement”) formalizes an agreement between a landlord and tenant to rent real property in exchange for a fee. Most commonly, this is equal to one (1) month’s rent but can be the maximum under State law. Property Description – This is the section that describes the location of the rental property including address, number of beds, baths, type, common areas, etc. Rental Agreement Templates. This is the most easiest way for anyone to rent out one or more rooms of his/her house for an extra income. When writing a lease agreement, it is best to have the main items, such as rent and the length of the lease, to be pre-negotiated between the parties to avoid the chance of having to re-write the document. If there is a late fee, enter when rent is considered late and the fee for each occurrence or day rent is late. Download. Termination – In most lease agreements, there is no termination clause. The verbal offer will usually be in reference to a monthly rental amount. For example, if it’s a home in a commercial zone the tenant may be able to run a business from the premises. Late Charges – If a landlord elects, they can a penalty for renters who do not pay their rent on time. (17) Whether or not there is a late fee. (22) In some States, a move-in inspection is required. In the event there is an option, usually, it will come at a fee or cost to the tenant. Quickly Customize. Must be a “good faith estimate of the damages likely to be suffered by the landlord in the case of a late payment.” Also, the late fee must be written in the lease. © 2020 Electronic Forms LLC. This is always recommended to protect the tenant from their security deposit being wrongfully deducted at the end of the lease for pre-existing damage to the premises. And if alterations are completed by the tenant that they should be returned back to the original status at the start of the lease. The landlord and tenant should meet to discuss the specific terms and conditions of the lease, mainly consisting of the: The lease is not required to be witnessed (although it is always recommended to have at least one). A rental agreement is an important document designed to protect both landlords and tenants. Most States have required disclosures that the landlord must give to the tenant. In California for example, this is a required to be stated in the lease. The contact details, the event details such as event date, start and end time, setup-wrap time, the number of guests expected, and the payment details of the service can be found. In an effort to curb any wild animals the lease should mention the exact types of animals and how many are allowed on the property. Just because it is a legal contract does not mean that you need to make is confusing. Monthly Rent – Typically paid on the first (1st) of the month. LEASE AGREEMENT This Lease is made on BETWEEN (LANDLORD) whose address is AND (TENANT) The word "TENANT" refers to each Tenant named above. Some basic utilities like trash and water may be included in the rent but other utilities like gas, electricity, internet and cable is usually the responsibility of the renter. (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected. If a fixed lease, there will be a start and end date. Rental Application – Used by a landlord to collect a tenant’s personal information and obtain consent to run a credit report. This is common with tenants with no or bad credit history. Create a high quality document online now! One (1) Page Lease Agreement – For residential use as a simple agreement between a landlord and tenant. (12) If the landlord has any appliances on the premises such as a microwave, refrigerator, washer, dryer, etc. This Commercial Lease Agreement PDF template provides the basic essential elements in a Commercial Lease Agreement, such as the name of the parties, the subject property to be leased, the period of lease, amount, the purpose of the lease and its restrictions. Lease-Purchase (Lease to Own) Agreement – Agreement that structures rental payments in combination with payments to own the property. Rent and Lease Template. A landlord will usually allow this for a fee of one (1) month’s rent. For a fixed term such as 12 months. Commercial Lease Agreements – For the use of any type of retail, office, or industrial space. 5 Tips on Marketing Rental Property with Social Media, How to Write Real Estate Ads That Appeal to Real Renters, Five Pieces of Furniture Landlords Must Include in Fully Furnished Apartments, Why You Should Prioritize an Open House Sign-In Sheet, BiggerPockets Podcast – Student Rentals, Multifamily, & the Silent Cash Flow Killer, Smart Homes and Integrations Within the Rental Industry, 5 Little Known Real Estate Investing Tips. Governed by California landlord-tenant law, the contract has terms and conditions describing the duties of each party. “All contracts for rent shall bear interest from the time the rent is due”. Occupants are individuals that will be living on the premises but are not on the lease such as children, family members, etc. The landlord is highly recommended to run a background of the tenant’s credit, background, and criminal history. If none, leave blank. No maximum, although it must be stated in the lease. (30) It is required in almost every State that the landlord’s address is provided for official notices. (5) Enter all the names of the occupants. A rental agreement (or, more commonly, a lease) can protect both you and your tenants by setting expectations upfront and putting forth the property’s rules and requirements. The rental agreement should be written in a clear but simple language. If the offer is conditionally accepted, the landlord will move ahead and ask for the tenant to complete a Rental Application and pay a small fee (commonly used to only cover the cost of showing the property and run a background check). We have sharing several Rental Agreement Templates just to help you prepare your own agreement quickly. (25) Enter all utilities that the landlord will be responsible for during the term of the lease. This will give the landlord an idea of the character of the individual(s) and if they are going to be quiet or noisy neighbors. This should mention the “landlord“ and “tenant“ along with their legal mailing addresses. If the rent does not exceed $700/month, the late fee cannot exceed more than $12/day per day or $60/month. 1 month’s rent for leases 1-year and under. Commercial Lease Agreement Template: Download, Create, Edit, … Download: Adobe PDF, MS Word (.docx), OpenDocument. This is a free rental agreement template that can be used to create a rental agreement for various kinds of properties by entering specifics of the agreement in the template. If month-to-month, then a start date is required and the time period when either party may terminate the agreement (see month-to-month termination laws). (29) It is highly recommended to detail in the lease whether or not waterbeds are allowed. (18) If the first month’s rent is due at lease signing or on the 1st day of the lease term. Most long term lease arrangements are at least 1 year but some terms can be month to month. For example, if there are 6 months left on the rent, the tenant is responsible for paying the remaining 6 months plus any other early termination fees. (32) If the landlord has an agent or manager that maintains the property, their name, telephone, and e-mail should be entered. Details like the amount of rent, security money and time of termination will be mentioned in the agreement. If the rent is greater than $700/month, the late cannot exceed more than $20/day or $100/month. Guests – A maximum number of people that the tenant is allowed to have on the property should be included as to not encourage constant parties or loud neighbors. At the time of authorization the landlord and tenant should exchange the following: Access (keys) to the premises and all common areas (unless the occupancy does not occur until a later time). Commercial Lease Agreement – Agreement in relation to the renting of property for a business related use such as office, retail, or industrial property. In some cases, it is better to use pet addendums but a common section within rental agreements all allow for separate pet deposits. A grace period protects the tenant from being charged a late fee or being evicted during such time period. It can be terminated with proper notice, which varies by state. 4. Rent and Lease Template. This gives the tenant a certain amount of time to handle the issue or face eviction action. Sublease (Sublet) Agreement – The renting of space a tenant has to someone else. Hunting Lease Agreement – For individuals that would like to hunt on someone else’s private land. (16) Enter whether or not there will be a fee ($) if the tenant pays with a check with non-sufficient funds (NSF). Make sure to sign and send it to the landlord. If you are looking for more customizable rental lease agreements, you can use some of the below paid and free services that walk you through the rental agreement process. This does not mean that late fees are not allowed, rather, it suggests that the landlord is able to charge as much as desired as long as it is written in the lease. Conditions (Additional) – If there are any other items that have not been mentioned then they should be listed lastly and before the signature area. If the landlord chooses not to renew, the tenant will be required to move-out and provide their forwarding address. If pets are allowed, the landlord can limit the number of pets, types, and how much they weigh. This is when the tenant rents out the property to someone else. The notice period is decided by the State the property is located. Kansas Required Lease Disclosures. Family Member Rental Agreement – When a relative comes to live in the same home as a family member. Sub-Letting – Most lease agreements do not allow sub-letting or subleasing. This template is a brief visual summary of the event facility rental agreement's details. The security deposit is usually 1 to 2 times the amount of the monthly rent and is returned to the tenant at the end of the lease term if nothing has been broken or damaged. Most will provide some, such as water/sewer, but most will elect the tenant to decide for themselves whether cable, internet, and any other they decide to have. housing.ucsc.edu. A lease agreement allows a tenant to occupy space in exchange for the payment of rent to the landlord. A standard rental agreement must be able to point out the names of those … Sub-Letting – The act of subletting is the tenant acting as the landlord and re-leasing the property to another individual, also known as the “sublessee”. Term – This is the length of the lease, and should be described. On the search for specific, professional, and printable private lease agreement samples?We can help you hasten your work. (31) Although not required, it’s highly recommended that the tenant’s address is also entered for notices (most commonly is the address of the premises). Pets – If animals are allowed on the premises it should be stated. 5% of the monthly rent amount, charged once for each succeeding 5-day period, Detailed Background Check ($35 per screening) –. $50 or 5% of the monthly rent amount, whichever is less. Vacation (Short-Term) Rental Agreement – For a term that usually ranges only for a few days between an owner of a home, apartment, condominium, or any other type of residence. From A to Z, use the glossary to know specific terms of a lease agreement. Condominium (Condo) Rental Agreement – Residential unit that is owned by an individual in a complex with other individually owned residences. 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