Agreement Template / December 3, 2018 / Beatrice Cotton
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.
Check thoroughly the details provided by your free template and spot any vague or ambiguous term. Doing so prevents any misinterpretation on the part of the tenant which may lead to damage to your property and huge financial loses. Remember a rental or lease agreement form is a legally binding document. That means if the tenant disputes the contract and files a complaint the court will decide based on the terms and conditions of the rental agreement. So take time and effort in preparing your rental form before you and your tenant enters into a rental contract. An employee agreement is a contract between an employer and an employee of certain points they need to agree on before commencing an employer-employee relationship.
Many times these types of forms are drawn up by lawyers. These forms can be very expensive and are not essential. It is only advisable for those who do not have time or resources to create this document on their own. A commercial lease agreement is different from a residential one. That is renters have far more latitude such as constructing a building that suits their business but they have far less freedom in terms of what they can do with the property they are renting. Lasting for 5 or even 10 years depending on the terms the landlord and tenant set a commercial lease is usually much longer than a residential lease. A commercial lease will often list several people on the lease both as landlords or investors and the group that is renting the space. Each person that has a stake in the agreement should be listed.