Our Official Residential Rental Agreement and our Commercial Rental Agreement Forms are available immediately.
The terms rental, lease or tenancy pertaining to real estate is the right to use and/or occupy real property provided 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 or tenant obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration (lease or 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 " Rental Agreement."
A real estate type of Rental Agreement can be either residential or commercial.
RESIDENTIAL Rental Agreement: pertains to homes, condos and apartments.
COMMERCIAL Rental Agreement: pertains to stores, offices and industrial buildings.
There are two common types of Rental 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/Rental Agreement restricts both parties from changing any of the terms during the entire rent period and must be in writing to be legal enforceable. It is a common practice for a rent period to be 1 year or more.
Keep in mind that there really is no formal absolute rent/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 lessor ( landlord,owner ) and the potential tenant usually determines the final agreement. However, all Rent/Lease Agreements must contain certain basic elements.
The rental commencement date must be stated. The rental expiration date must be stated. The names of all parties involved must be stated. The rent/lease 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 agreement.
Can you read an existing Rental 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 (lessor) or tenant (lessee), the language
of any legal document can be confusing. Unfortunately,
most of us cannot afford to hire an attorney to prepare such documents.
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 Rental or Commercial Rental 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 Rental Agreement OR COMMERCIAL Rental Agreement is quick, easy, very affordable and most of all USER FRIENDLY. Keep reading and we will explain how everything works. Your Rental Agreement - real estate form is only a click away.