Proper procedures must be followed when renting a property, vehicle, etc., to avoid issues among the parties. A rental agreement needs to be present to protect the parties’ rights and prevent future problems.
Some disagreements can occur between the landlord and the tenant while the tenant stays there. These disagreements can be settled via a proper agreement, which can be decided beforehand. All parties need to know what the deal involves. A rental agreement form is essential here.
What is a rental agreement form?
This form includes the agreement between the landlord or owner of a particular property and a tenant. The form will be a type of contract present between these people.
What does a rental agreement form do?
The form outlines the terms between landlords and tenants. This can include rent, duration, rules, responsibilities, etc., that both parties need to know about. It will also include the parties’ obligations and rights. The form can be consulted to see the parties’ agreements if there are any issues.
The form is legal; therefore, it must be made professionally so all parties can take it seriously. The following are points to consider when making a rental agreement form:
Make in the right application:
Choose Microsoft Word and start typing. To include the details, select a font like Times New Roman or Arial. It is better to type rather than handwrite to look professional.
Structure of form:
The form’s heading can be “Rental Agreement Form.” You can arrange the form in categories or sections that include similar details related to the rental agreement.
Details of parties concerned:
A heading for the parties will include a statement that the form is between the parties noted below. There can be a heading for the landlord under which the name and address of the landlord will be present. A heading for the tenant will include the name of the tenant. You can have an area that notes down the names of any other occupants.
Property:
Under this heading, the address of the property will be included. You can note down the residence type—an apartment or a home. Other details about the property can be included, such as how many bedrooms and bathrooms it has, whether it has a garden, etc.
Term:
Under this, you can have a heading like “Standard Lease”, where the start and end dates will be noted. A “Month-to-Month Lease” heading will note the start date and termination period.
Rent:
This section will include the monthly rent figure. You can also include a section with the due date.
Security deposit:
Two boxes can be ticked accordingly. One will be if no security deposit is present, and another if a security deposit is present. Under the security deposit option, you will state the amount. An area that notes when the security will be returned to the tenant will be included. Here, it will be noted how many days after lease termination this will be.
Signatures:
This is an important part of the form as it makes it valid. There should be a place where the name and signature of the tenant and the landlord will be present.
Importance of rental agreement forms:
Rental agreement forms are essential as they let the landlord and tenant know what rules apply to renting a particular place. The form helps the tenant understand the rent when they need to pay it, as well as other essential details. The landlord has a legal document that they can use to communicate the rules of renting the place.
If problems arise between both parties, the form can be used to see what has been agreed upon and who is wrong. Therefore, the forms can help handle renting issues efficiently.
Sample Template for Your Help
File: Word (.doc) and iPad
Size 33 Kb
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