Our Official Residential LEASE AGREEMENT and our Commercial LEASE AGREEMENT Forms are available immediately.
A lease or tenancy is the right to use and/or occupy real property given by a lessor ( landlord, owner, corporation ) to another person or entity (usually called the lessee or tenant) for a fixed or indefinite period of time. The lessee obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration (rental payment). The amount of rent, address of the property and any other stipulations agreed upon by the two parties are compiled and entered into a document called the "Lease Agreement."
A real estate type of LEASE AGREEMENT can be either residential or commercial.
RESIDENTIAL LEASE AGREEMENT: pertains to homes, condos and apartments.
COMMERCIAL LEASE AGREEMENT: pertains to stores, offices and industrial buildings.
There are two common types of lease agreements: a lease and a month-to-month tenancy agreement.
The month-to-month tenancy agreement may be made orally or in writing. However, if
fees or refundable deposits are involved, save yourself a lot of anguish
by executing a written document.
The month-to-month may be for an indefinite period of time, with rent usually payable on a monthly basis.
The Lease Agreement restricts both parties from changing any of the terms during the entire lease period and must be in writing to be legal enforceable. It is a common practice for a lease period to be 1 year or more.
Keep in mind that there really is no formal absolute lease agreement type of document. Any stipulation, rules or terms that both parties agree upon is valid and may be included within the agreement as long as these terms are lawful and the intent is to form a legally binding relationship.
The results of Negotiations between the landlord and potential tenant usually determines the final agreement. However, all Lease Agreements must contain certain basic elements.
The lease commencement date must be stated. The lease expiration date must be stated. The names of all parties involved must be stated. The rental amount is usually stated in terms of the monthly rent payable at a certain time period and at a certain place. The property address, and complete detail of all deposits must be stated. Confirmation of all stipulations must be acknowledged by both parties signing the Lease Agreement.
Can you read an existing agreement or contract and tell the difference between what is legal and what is not ? If you don't understand all that legal language, you're not the only one.
Whether you are a landlord or tenant, the language of any legal document can be confusing. Unfortunately, most of us cannot afford to hire an attorney to prepare such an agreement. Unless you know and understand contract law, it is very hard to create any kind of agreement and be sure you won't be in trouble later.
Don't be mislead by all the free and cheap real estate forms available on the Internet. Most are not worth your time or effort and will ultimately get you in trouble. Our Official Residential Lease or Commercial Lease forms contain all the legal language and protection you need.
That old saying about "how you get what you pay for" has never been more valid.
The entire process to obtain a valid RESIDENTIAL LEASE AGREEMENT OR COMMERCIAL LEASE AGREEMENT is quick, easy, very affordable and most of all USER FRIENDLY. Keep reading and we will explain how everything works. Your Lease Agreement - real estate form is only a click away.