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When Is A Residential Rental Agreement Needed?

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By Author: Carl Glendon
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A residential lease agreement defines with clarity the expectations and relationship between a landlord and a property tenant. A strong agreement is needed to make sure that the interests of the parties are protected well. It is important to have a Residential Rental Agreement Checklist and ensure that the document covers all aspects such as rental payments, security deposits, optional fees, subletting, substitute tenants etc that are related to a residential lease agreement. Find out when such an agreement is needed.

When you own the property

You will need this kind of a lease contract form if you are a property owner, property manager or landlord, and wish to lease or rent the property to a single residential tenant or a few of them. Such types of forms are available on the internet, designed to offer you the most comprehensive form of protection whereas offering you the flexibility to have it customized as you need. Make sure that the form you download for use consists of all the essential terms, such as utilities, fees, security deposit, payment terms, type of lease, length of lease and more.

The property will be occupied for a term

It will also be required when the property will be occupied by the tenant for a periodic term, such as year-to-year, month-to-month or week-to-week tenancy, or for a fixed term. A Lease Agreement stands for a fixed term tenancy whereas a Rental Agreement generally signifies a month-to-month tenancy. Both kinds of agreements tend to offer similar types of protection. For more information about getting a generic lease agreement PDF, please visit this website.

You need an agreement to safeguard your property

This kind of a simple rental agreement form is also essential when you need an agreement that can keep your property safe from negligent tenants, with clear responsibilities and options for standard fees, co-signers and security deposits. These are very important documents. Please visit this site to get a sample Pennsylvania rental lease.

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 custom agreements blog. To learn more about drafting a rental contract in Texas online, visit this website.

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