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What Should Be Included In A Simple Residential Rental Lease Agreement Form?

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By Author: Carl Glendon
Total Articles: 190
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In any real estate transaction, an agreement or contract has to be accomplished to ensure the legality of everything. A Residential Rental Lease Agreement form binds the tenant and the landlord legally. A simple rental agreement form needs to contain all these basic things.

Names

It should have the names of the tenant as well as of the landlord. The agreement must include information about who is separately and jointly responsible for covering the rent, in case of the absence of a tenant.

Property location

The rental agreement template should also identify the location of the property or which part of the rented property would be used by the tenant to stay in. Any limitations on how the property would be used needs to be specified clearly as well.

Payment mode

You should also clearly mention in the agreement the manner or mode of rent payment. The acceptable payment mode has to be stated with clarity. The conditions under which payments have to be made needs to be explained as also where the payment would be made must be stated. Whether there is need to pay any late fees and how a late fee would be identified must be included as well.

Payment amount

The amount that has to be paid for property leasing needs to be mentioned in a written form. The document should also specify any extra payment for the use of the other parts of the residential property that has not been mentioned in the original contract. For more information about getting a free residential lease agreement, please visit this website.

Period of tenancy

It is essential for the contract to specify this aspect. The date of starting and expiration of the agreement has to be explicit.

Responsibilities

A simple residential lease agreement must also mention the responsibilities of the landlord and the tenant, whether it comes to the maintenance, utilities and other services that need payment for. To learn more about drafting a PA rental lease online, visit this website.

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 tips blog. Please visit this site to get a sample rental lease agreement in Kentucky.

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