A landlord tenant lease agreement is the last thing that a landlord and a renter goes over during the property rental process. First the renter and lessor must agree to enter into a rental agreement after the property is seen and conditions are discussed. However, while the landlord tenant lease agreement may be the last thing that is handled while renting property, it is far from the least important.
The landlord tenant leasing agreement is a legally binding rental contract that lays out the conditions of the property lease. The residential lease agreement has a basic description of the rental property, as well as it clearly spells out any conditions of the property lease, including the monthly rental charge.
Before a rental agreement contract is agreed to, the landlord will typically have the renters fill out what is essentially a credit application. This may be part of the rental contract itself, but is often times a separate form that is used to determine the credit and rental worthiness of the renters. Information collected sometimes includes social security numbers, current and past employers, and personal references.
A rental lease agreement form discusses the conditions of the rental itself, including what can and cannot be done to the property by the renters. The rental lease agreement also discusses things such as who is responsible for the upkeep of the yard (assuming there is one), and if pets are allowed or not.
Typically, a landlord tenant lease agreement will very clearly explain what the monthly lease or rental charges will be, as well as if there is any deposit necessary to move into the residence. Also, if there is any cleaning fee required that is put towards cleaning the house once the tenant moves out, this is also noted in the rental contract. There is also a clause that talks about what happens if the tenant breaks the lease by moving out before the rental contract period is over.
A lot of landlords use generic landlord tenant lease agreements, that are meant to be able to use under a broad set of circumstances. You might be better off spending a little bit of money to get a customized rental lease agreement that fits your situation more specifically. Whatever you choose to do, just make sure that the landlord tenant lease agreement that you use protects you, as well as your tenant, against any possible future misunderstanding or situations that potentially could come up.