3 Basic Pieces Of Information In Every Residential Lease Agreement Template

A rental property lease agreement form is a legal document that specifies the tenancy details, identification attributes of the property and more. Know about 3 basic pieces of information in every rental property lease agreement template.

Names of both parties

The agreement must have the name of the tenant and the landlord mentioned properly. At times, there are some standard copies of template for tenant lease agreement. Both parties have to sign the agreement to write their names down as the lessor or lessee. Along with this, the names of other people to stay in the rented property should also be given. The details for the property that is being let out should be defined clearly as well. Please visit this site to get a sample rental lease agreement in California.

Rental lease period

Mention must also be made of how long the landlord will lease or rent the place. Will the agreement be a monthly binding one or subject to a monthly renewal? Can the staying duration be extended for a longer time on the landlord and tenant lease agreement form?

Rental fee

Home rental lease agreement templates also, of course, include the rental fee. It is one of the most vital sections in such a contract. The schedule of payments and the mode of payment are also important equally. Mention must be made whether the landlord will collect the rent two times or just once every month. Landlords are generally expected to be able to raise the rental fee after tenants are shown a notice for the increase to be made, along with why the increment is being considered.

Author Resource:-

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find his thoughts at free legal contracts blog.

Rental lease agreement, marital separation agreement