Agreement Template / December 6, 2018 / Inez Nielsen
Lease agreement is generally a long term rental contract lasting for 5-10 years depending on the mutual terms and conditions between the tenant and the landlord. There are different types of template based on whether the property is residential or commercial. Although there are many elements that are same for both residential and commercial property there are few differences that set the two lease agreement apart. It is therefore important to guarantee that right agreement template is selected to protect the interest of the property and avoid any dispute whatsoever in the future. Commercial lease are often longer compared to a residential lease and will list down several people that may include the landlords the investors the tenants and any other person who has a stake in the property.
All the terms and conditions of the lease should be spelled out very carefully. This lease is very prone to disputes in court. The more specific your terms and conditions are the less chance there will be a problem later. You can find a great number of commercial lease agreement templates both free and paid in many websites on the Internet. Make sure that you take a look at several templates before you choose one as it will give you a better idea of how your template should look. Do you need an employment agreement template? If so you should consider your online options. There are a few places online where you can get hold of an Employment Agreement Template. A template is going to save you considerable time and effort.
It is also important that all the terms of reference in the lease are clearly spelt so they are less prone to court disputes. Initial investment of time and energy to select the template will reduce the chances of any problem later on. Templates for commercial lease agreement are available online to find the one that is suitable for a given property. An agreement of residential property is simpler compared to commercial one. It does not involve multiple stakeholders as in the case of commercial property. It is therefore far less prone to dispute as less number of persons involved in it and the terms and conditions have been clearly sorted out initially during the agreement. Templates for residential lease agreement are also available online and one can download these and customize them as per their needs.