A lease agreement is an official document that is used to mark the fact that a certain agency or person has agreed to lease his or her property to another person. This agreement is also often referred to as a real estate agreement. Such type of agreement jots down the various terms and conditions that need to be met for the contract to be valid and legal.
6 Essential Elements to Include in a Real Estate Lease Agreement
Step 1: Ownership of the Property
When a property is leased to another party, the rights of possession and ownership of that property is also transferred to that party. However, this ownership right is applicable only partially. In other words, the ownership clause states that the tenant will be free to use the property for their needs and that the landlord will not interfere. However, the landlord will still be the rightful owner of the property and hence can enter the property whenever he or she wants.
Step 2: Uses for the Property
The lease agreement should outline the uses of the property. In other words, the agreement must highlight the ways and methods in which the tenant can use the property. For example, if it is a commercial property, it can only be used for commercial purposes. If this is so for your property, then you need to specify that the property cannot be used for any other purpose such as for housing or office.
Step 3: Duration of the Lease
Another important fact that the lease agreement needs to outline is the term of the lease. The term of the lease outlines the duration for which the tenant would be able to use the property. Generally, the minimum duration of the lease is a year. The maximum duration can extend up to six years depending on the needs of the tenant and the provisions of the owner.
Step 4: Determine the Security Deposit
The security deposit is the amount of money that is paid upfront to the owner by the tenant. This amount serves as collateral against the possibility of damages and/or non-payment of the agreed-upon rent. The security deposit is generally decided upon by the owner of the property. However, the amount can also be negotiated upon by the tenant in certain cases, provided such is allowed by the owner.
Step 5: Maintenance of the Property
When a tenant is provided a property on a lease, one of the common clauses that must be included in the agreement is regarding the maintenance of the property. Generally, this clause states that the person is supposed to take care of the property. The methods that the person should implement to take care of the property varies from one lease agreement to the other. And the same should be highlighted for your agreement too.
Step 6: Modifications to the Property
When a property is provided on a lease, generally the tenant is not allowed to make any modifications or changes to the property. Even repairs of any kind need to be made with the permission of the landlord. In certain cases though, the tenant is given the liberty to make changes to the property with certain limitations. Whatever is the case for your lease agreement, you have to mention the same along with the required details in your contract.
13+ Real Estate Lease Agreement Templates in PDF
1. Property Lease Agreement Template
2. Commercial Lease Agreement Template
3. Free Lease Agreement Template
4. Real Estate Lease Agreement Template
A real estate lease contract is drafted to validate the agreement between the owner of a property and the tenant. The agreement explains that the tenant is free to use the property for his or her use for the duration mentioned. If you want to make such an agreement for your needs, then you need to download this agreement template.
5. Real Estate Residential Lease Agreement
You have a property that you are interested to provide on lease. There is a person who is interested in renting that property. It’s a perfect match! Now all you have to do is draft the lease agreement. And this professional agreement template is here to help you exactly with that task. You can download this template for use in PDF format.
6. Residential Real Estate Lease Agreement in PDF
Real estate can be of several types such as commercial real estate, office real estate, housing estate, etc. Accordingly, the lease agreement for each needs to be different. If you want to make the lease agreement for your residential estate, then you can download this standard agreement template. This template is available in sizes A4 and US Letter.
7. Commercial Real Estate Lease Agreement Template
Do you have a real estate that you want to provide on lease for commercial use? Then you need to draft the lease agreement for the same if a party is interested in it. You can make use of this basic agreement template to make the lease agreement for your needs. This template has been designed specifically to help you make lease agreements for commercial estates.
8. Residential Real Estate Lease Agreement Example
Are you a rookie at making lease agreements? Then we suggest that you take a look at this agreement example template that we are offering before you can start work on yours. This template comes with a file containing an example of a real estate lease agreement that you can use as a reference guide to making yours. So download this template now!
9. Real Estate Lease Agreement Sample
If you are planning to lease your property to an interested party, then you need to know how to draft the lease agreement too. However, not everyone is adept at making such agreements. Which is why we are offering you this real estate lease agreement template. With this template, you can get a sample such agreement that will help you create the perfect lease agreements or even a real estate lease commission agreement.
10. Real Estate Rental Lease Agreement in PDF
A lease agreement is drafted when you have a property that you want to provide on lease and there is a party who is interested to take it on lease. Do you want to make this agreement for your property too? Then what are you waiting for? Download this agreement template now to help you with that task! You can also use this template to make a real estate lease agreement form.
11. Commercial Agreement to Lease in PDF
If you have a real estate that you want to provide on lease, you need to find an interested party to take it. Already found one? Then all you have left to do is download this commercial real estate lease agreement template that you can use to draft the lease agreement for your needs. Just click on the download icon below the file and you are good to go. This file can also be formatted to make a real estate lease extension agreement.
12. Standard Real Estate Lease Agreement
With this Standard Real Estate Lease Agreement template, you can get your hands on a file containing a sample blank lease agreement. The template comes with original and suggestive headings and content that have been written by professional writers. You can also use this template to make a real estate lease-purchase agreement.
13. Real Estate Housing Lease Agreement
A housing estate is one that can only be used for residential purposes. In other words, the tenant would be able to use the property for any other purpose such as commercial. Providing your property on the lease? Then this agreement template is just the thing for you! With this template, you can make such lease agreements like a pro. This template can also be used to make a real estate lease termination agreement.
14. Residential Real Property Lease Agreement
Real property refers to properties and estates that consist of land or buildings. Such properties can be provided either on rent or on lease. Need help with drafting the lease agreement for your real property? Then you need to download our residential real estate lease agreement template. This template offers a lease agreement that you can use for your needs.