If you are working in a city or a country far from where you live it is economically advisable that you lease out the place. This will not only benefit you monetarily but also ensure that it is habitable when you finally retire and come back. However, this needs to undergo a legal procedure or you might not get back your own house at least not easily. This is why you need a residential lease agreement.
7 Steps to Create a Residential Lease Agreement
Step 1: Write Details of the Two Parties
Write down the names and addresses of the people between whom this agreement is being formed mentioning that the signatures of the same can be found at the end of the document. Mention the place of execution. Clarify the terms that are going to be used hereafter like ‘agreement’, ‘lessor’, ‘lesse’, etc.
Step 2: Describe the Property
In the next section describe the property. Mention its dimensions, its address, and other related detail. If it is part of another property include that in this section. If there is a parking space that comes along with that property write that down as well. The idea is to make this section as detailed as possible.
Step 3: Mention Duration
Mention for how long this contract is supposed to last. After this, the contract will have to be renewed or the lessee will have to leave that place. The lessee can choose to leave before that time as well. But in that case, he will need to notify the lessor priorly. Similarly, the lessor might ask the lessee to vacate the property but with prior notice.
Step 4: Mention the Different Charges
Next, decide on how much is to be paid as rent and what other charges need to be taken care of by the lessee. Mention by when the payment needs to be made, whether monthly or otherwise. Write down how much late fees will be incurred in the case of late payment. If you want to be paid in a specific manner mention that as well.
Step 5: Security Deposit
Normally a certain amount of money is taken as a security deposit. This is refundable under most circumstances. If some damage is done to the property or the person leaves the place without paying the last month’s rent this money is used then. Otherwise, the amount is returned to the lessee at the time of his departure.
Step 6: Warranties and Damage Control
Mention clearly what you would consider as damage done to your property and how you would be charging the person for that. Let the person know that he won’t be getting back the security amount if you fail to find the place in the same condition that the property was when it was leased out. You might also take a portion of the money depending on repair costs.
Step 7: Place for Signatures
At the end of the document, there should be a place for both parties to sign and put the date of the agreement. Each party should provide their address under their name as well. Also, include the signature and similar details of a witness to this agreement. This makes things official and failure to abide by this contract can put the offender in legal trouble.
15+ Residential Lease Agreement Templates
1. Residential Lease Agreement Template
Leasing a house can be tricky. Creating a residential agreement is essential. However, the legalities involved complicates things. That is why you need our professionally created residential rental agreement templates that will ensure that your property remains safe. Try out this residential lease agreement for yourself.
2. Standard Residential Lease Agreement
If you want a blank rental agreement where you can just put in the names of the lessor, lessee, property details and be good to go, definitely check out this standard residential lease agreement. Download the agreement template in Word and open it in your favorite word processing application. Enter the required details and that’s it. You have a contract in your hand waiting to be signed.
3. Rental Agreement or Residential Lease Template
If you are skeptical about whether to lease out that empty house that you have in the previous city that you lived in because you are afraid you might lose it stop worrying. Our lease agreement templates will make sure that your property is safe. Just download this agreement template in Pages and enter your details. That’s all you need to do to have a legal agreement at your disposal.
4. Residential Lease Agreement Example
Are you losing sleep over that property that you had left years before in your home city? Just lease it and enjoy watching the passive income flow in. Need sample residential lease templates that you can use? We have several of them. Just download the one that suits your requirements the best and fill in your details. Get it signed and you are done!
5. Sample Residential Lease Agreement
Are you planning to enter the real estate business? It sure is lucrative but has its own hassles, the most prominent one contracting. But that is not something that you should be thinking about too much when we are here. Download from our wide range of agreement templates that take care of your business like none other.
6. Simple Residential Lease Agreement Template
Has your friend asked you for a favor saying he needed a tenant for his property as soon as possible? Like a good friend, you have agreed to help him out. But before anything else, you will need to create an agreement which you then have to make the other party sign. We have multiple tenant lease agreement templates that take care of properties of all kinds. Just download and start using the one that fits your needs.
7. Residential Lease Agreement in PDF
A lease agreement is a contract that describes the property that you want to lease out and mentions the conditions that both you and the person who would be occupying the property need to follow. If you need help in creating one check out our agreement template in PDF. You will definitely find them useful.
8. Printable Residential Lease Agreement
Do you live in a city where people from all parts of the country come to work or study? Consider starting a real estate business. Repurpose your unused room for paying guest accommodation. Let us take care of the legal procedures. Our printable residential lease agreements will make the process hassle-free.
9. Professional Residential Lease Agreement
We like to see our customers grow their business. We do our best to help them in that process. So if you are looking to start a real estate business consider checking out our landlord-tenant lease agreement template. It will save you from a lot of hassle.
10. Basic Residential Lease Agreement Format
If you have been looking for basic residential lease agreement formats online and have stumbled upon our site in the process, you will not have to look any further. Check out this agreement sample. If you are looking for something a little different, browse our site for more such templates.
11. Basic Residential Lease Agreement Template
Did you just receive a call from a potential tenant and now you are worrying whether you will be able to get a contract ready on time? You will. With our wide selection of residential lease agreement templates, you will definitely get the contract that you need.
12. Residential Lease Agreement Format
Creating an agreement is a tricky process. There is always the chance of forgetting to include a certain clause which might get exploited by the other party down the line. If you want to be sure that your contract is foolproof check out our templates. We have some free agreements as well if that is what you are looking for.
13. Printable Residential Lease Agreement Template
Need a simple printable residential lease agreement that makes your business process smooth? You have come to the right place. With our wide range of profeessionally created contract you won’t have to give it a second thought while leasing our your property.
14. Simple Residential Lease Agreement in Doc
If you have been requested by your uncle to ‘do something about’ his empty property in his village the first thing you should be doing creating a simple residential lease agreement for him. With our wide range of agreement template samples you will have create something that fits the bill in no time.
15. Sample Residential Lease Agreement in Doc
If you are looking for something very basic in terms of a residential lease agreement sample, take a look at this onee. It gets the basic things right and should you require to add your own clauses you can easily do so. Download the doc file and open in any word processor of your choice.
16. Simple Residential Lease Agreement Example
A residential lease agreement is an essential part of a real estate business. It gives both parties a sense of security. Thus you should definitely create one as soon as you can. If you need help in creating one we are always here for you. Our agreement samples and templates should get you up and running in no time.