Free Printable Lease Agreement Form: Most Important Tool in Property Renting
The relationship between the tenant and the owner is that of a provider and the consumer. In order to safeguard both their rights and duties towards the property rented and leased is when they enter into an agreement. It is a written document signed by both the lessor and the lessee to continue without any future disputes. They both are made aware of their responsibilities and right towards the property leased out. It is known as Free Printable Lease Agreement Forms and is available and can be downloaded.
What is a basic lease Agreement?
- It is legal relationship between the lessee and the lessor with all the rights and duties, dos and don’ts of both the parties. It binds both the parties and make sure that their interests are well protected.
- The amount of rent which is fixed till the termination of the lease, the renewal of lease, tenant’s privileges as in parking, gym or security deposit and penalties for late rent and clauses for premature termination of the contract.
- Certain policies for pets, property damage and guests are also mentioned in the Free Printable Lease Agreement Forms.
- Mostly legal description and sketches of the property is also attached to add clarity in the contract.
Is all the lease agreement similar?
As the laws are different in all the states, the lease agreement differs in this aspect. Different clause are added which are suitable to the residents of the particular state. Some lease does not allow subletting the property with the same tenant.
Both the parties should carefully draft and then enter into the lease to avoid future altercations.