Finding the Perfect Free Lease Agreement Online
Are you a property owner or landlord considering putting one of your properties up for rent? Do you currently have all the necessary forms? Renting or leasing a property is a legally binding act, and to protect yourself you must have all the necessary documentation, including, but not limited to, the lease agreement. In this article we will briefly describe what a lease agreement is and how you can use a free lease agreement from the Internet to protect you and your renter from any legal mishaps.
What Is a Lease Agreement?
A lease agreement, or lease for short, is the most common form of rental agreement. This document, which constitutes a legal transaction, is between the landlord of a given property and the person or persons who will be renting that property.
The responsibility for the lease agreement typically falls to the landlord, and should include all the necessary terms and conditions with regard to the rental property. Without this type of agreement, any damage to, or misuse of the property would be the sole responsibility of the landlord and could wind up costing thousands of dollars.
About the Free Lease Agreement
If you conduct an online search for a free lease agreement, you’re bound to find several websites offering these types of templates and forms. Using a free lease agreement saves time, because the “legal language” of the contract is already there, and all that’s left to do is fill in the necessary information.
When searching online for a free lease agreement there are several things that you need to consider. First, it’s important to remember that not all free lease agreements are the same. There are lease agreements for residential properties, commercial properties and even sub-lease agreements. Before you begin your search, take some time to jot down everything you would like your free lease agreement to include, then narrow your search accordingly. This will save a lot of time in the long run.
What Needs to Be Included in Your Free Lease Agreement
As briefly mentioned above, what needs to be included in your lease agreement depends largely on the type of property you are planning to rent. However, there are certain components of the lease agreement which should always be included. Below is a brief look at some of those components:
• Parties Involved. Regardless of the type of property you plan to rent, every lease agreement should have a space where both parties involved can print and sign their names, as well as date the form.
• Lease Terms. The terms of the lease include items such as the monthly payment obligation, when that payment will be due each month and the duration of the lease. There should also be language that fully explains the consequences if the lease is terminated prematurely by either party.
• Responsibilities and Exceptions. This section should be designed so that each party in the lease understands their responsibilities with regard to the property. For instance, is the landlord going to be responsible for repairs or will that duty fall to the renter. This section is very important, protecting both landlord and renter from future misunderstandings.
Finding a free lease agreement online is certainly not difficult, but finding one that is perfect for your unique rental situation may take a bit more time.