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5 Core Components Of A Legally Secure Lease Agreement

By Author: Carl Glendon
Total Articles: 109

You can never be too careful when it comes to creating a secure lease agreement contract given the fact that there are just too many factors that require serious consideration and not all homeowners are aware of at least, half of them.

Thus, to be on the safe side, here is a list of 5 core components, being enlightened about which can help prospective landlords create a solid legal document that cannot be taken advantage of by tenants per se…

Everything about rent – This basically includes…

• Amount of rent to be paid
• Frequency of payment
• Mode of payment
• Deposit amount
• Intended usage of the deposit amount
• Terms and conditions applicable for deductions from the deposit
• Penalties for non-payment of rent

Detailed description of the property – This is a must in all home rental lease agreement forms. Some of the core inputs include…

• Name of the building / property with complete address
• Total square footage of the rented space (including carpet area, balconies / decks, yards, lawn etc.)
• Mention in details if the rented space is a standalone home / duplex / apartment etc.
• Complete details of furniture / kitchen utilities etc in case of fully / semi furnished homes

Payment of bills – You can have a secure lease agreement if you mention who shoulders bill payment like gas, electricity, wi-fi, usage of common spaces etc in complete details. In fact, you can also request evidence of payment per month or as applicable to ensure that the requirements are met. Please visit this site to get a sample rental lease agreement in Iowa.

Occupancy and usage rights – Here, you describe in details, who gets to inhabit the premises and under what conditions. This includes specific details of…

• the tenants, who have primary right of usage
• maximum limit of occupancy / members of family
• guest policies which states how many guests can stay in the premises and for how long
• pet policies which states whether pets are allowed in the premises and if yes, the type of pets and associated limitations

Terms and conditions of eviction / penalties –

For a secure lease agreement, you have to mention terms and conditions that can lead to evictions. This usually includes…

• rent evasion
• misuse of property
• carrying out illegal activities within the premises
• misbehavior and complaints from neighbors etc.

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 legal documents blog. To learn more about drafting a rental lease agreement in South Carolina online, visit this website.

Total Views: 33Word Count: 487See All articles From Author

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