Agreement Template / December 6, 2018 / Odessa Barron
Are you looking for a free rental agreement template? Nowadays getting free templates for rental agreements under commercial or residential lease is made easy and quick thanks to the Internet. Some websites allow you to download and print free templates in a flash so you dont need to have your rental agreement prepared by a real estate lawyer. As you browse through the Internet you need to find a rental form with complete details that will iron out any possible conflict between you as the landlord and your tenant. So what details should you check in a free rental template? o Nature and duration of the lease contract (whether it is for residential or commercial lease and how long the contract will take effect) o How the security deposit will be spent o The kind of maintenance and restoration jobs that will be shouldered by both parties (for residential leases) o The value of the property for rent o Location of the property o Prohibitions (e.g. bringing in pets in the premises cooking doing the laundry etc.) There are three things you have to ensure so that your template will be easily understood and wont cause confusions: accuracy clarity and completeness of information.
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.
Obviously a basic form contract is unlikely to cover all the bases for things like international joint ventures multi-level sales agency relationships or insurance services. These are agreements where the costs of an attorney are justified. Another downside to using an employment agreement template is the potential for building inflexibility into your business. In particular employment law changes may invalidate or make an existing agreement out of date. If you use the same job template for hundreds of employees and the law changes you may need to go back and have them re-sign new contracts. This wont always benefit the company though it is a small risk to take to get the significant legal protections afforded by even the simplest of contracts.