FIRST, THE BASICS: A Rental Agreement or Lease Agreement sets down terms, rules and obligations between all of the parties involved. The "Landlord" is the owner of land or a building. The "Tenant" is the person to whom the landlord grants temporary and exclusive use of the land or building in exchange for certain consideration. "Rent" is the consideration paid by the Tenant to the Landlord in exchange for the exclusive use of the property. Anything both parties agree upon may be placed within the agreement as long as the stipulations are lawful and the intent is to form a legally binding relationship.
There are two common types of agreements: a lease and a month-to-month tenancy.
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.
Some of the essential elements of the agreement should be the property address,
start and termination dates and the signatures of all parties involved.
Month-to-Month Tenancy Agreement: is for an indefinite period of time, with rent usually payable on a monthly basis. Some obligations as to notice of moving or eviction may exist by statute. 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 value of a written document can not be understated. It will avoid the "he said" "she said" problems and in addition will establish and make clear the obligations and terms of all parties.
Our Official Forms provide the legal language for either type of document, lease or month-to-month agreement. You don't have to know all the rules, because we're here to help you!
Whether you're a landlord, tenant or soon to be one, the language of most rental or lease documents can be complicated and confusing. Unfortunately, most of us cannot afford to hire an attorney to prepare our agreements and contracts. Unless you know and understand contract law or are willing to spend many hours researching the subject, it would be very hard to create any kind of legal form and be sure you will not 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 real estate agreements 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 Rental / Lease Agreement is quick, easy, very affordable and most of all USER FRIENDLY. Keep reading and we will explain how everything works. Your RENTAL AGREEMENT is only a click away.
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