Lease agreement form
When a land owner rents his property to the renter series of legal papers needs to be prepared. Residential rent agreement plays a very important role here. In this legal agreement important information is recorded.
The agreement starts with the name of both the parties like the renter and the landlord and then full address of the premises is mentioned here. The day from which the place will be leased out is also mentioned here. The agreement gets renewed at every single month until either of the party wishes to terminate the contract.
The usage of the property has to be strictly limited for residing purpose. The renter has no authority to use it for any other purpose unless he obtains written permission from the landlord. Every item that is actually landlord’s property and has been handed over to the tenant for their use is recorded in the agreement. The owner has full authority to inspect the conditions of such items whenever he wants and the tenant has to cooperate with him.
Free lease agreement form also mention in details about the date on which tenant can expect delivery of the possession. It also declares the amount that the tenant needs to pay the owner on monthly basis and the sum of money that he needs to pay as security deposit which would be returned to him once the contract gets terminated.
The owner also has the authority to issue notice to vacate the premises in case of default payments of rents. Other legal obligations, conditions of premises, maintenance and repairs are also mentioned in details in printable real estate forms.