Agreement Template / December 6, 2018 / Hattie Salas
Month-to-Month Lease Agreement is a Legal Document that allows for one person that owns property to allow someone else to occupy the property in exchange for monthly rent but there is no timeframe on when the Tenant has to move out. A month-to-month agreement is unique in the way that the Tenant only has to give 30 days notice to the Landlord on when they would like to vacate the property or make any modifications to the lease. The same applies to the Landlord if the Landlord would like the Tenant to pay more rent evict or make any other modification to the lease a 30 day notice is required. Sub-Lease Agreement is a legal document that allows someone who is already leasing property (Sub-Lessor) to let someone else to occupy the property (Sub-Lessee) in exchange for monthly rent. This is the most complicated type of lease agreement because you usually need the Landlords permission to allow a sub-lease to happen.
All templates available online are designed to meet various needs of landlords. It is important to know first the basics of a rental agreement before you begin searching for a lease agreement template. The first thing you have to know is that the lease agreement for a residential property is different from that of a commercial property. Commercial agreements are longer and more complex than residential leases since the former is designed for the business that will operate on a certain property. Aside from the basic details commercial agreements include terms and conditions specific to a business such as privacy security and safety issues as well as the kinds of activities allowed within the premises. So dont make the mistake of using a template for commercial agreement when what youre actually leasing is a residential property and vice versa. Also be extra careful when choosing a template for commercial agreement.
The template you choose is likely to have several blank spaces on it for you to fill in with the pertinent information. To start with you and your partner or partners will have to decide on a name for the business and fill in the appropriate space along with the physical address of your new venture. You will all need to agree on a name at the outset as once you have registered the name of your business you may find that changing can be difficult if not impossible in most states. The most important part of this agreement is the section wherein you and your partners describe the rights roles and responsibilities of each of the partners. This section of the contract not only covers the role of each partner it can be used a legal protection in the event of a lawsuit or an attempt to change the rules in mid-stream.