Real Estate property provides endless options for leisure or business purposes. Owning a real estate property allows a low-cost method of trade and investment, and enables its owners to profit from investments made on a property. While some property owners decide to utilize the space for their own private and leisurely use, others opt to profit from it by using it for business purposes, putting it up for sale, or putting the property on lease.
When a property owner decides to venture into leasing his property to others, a House Rental Contract is used to protect the interests of the landlord. Our Contract Forms, Rental Agreement Forms, and House Agreement Forms can be used to help you whip up your contracts in a span of minutes minus the hassle.
Simple House Rental Contract Template
House Tenancy Agreement Contract
Shared Housing Room Rental Contract in PDF
House Lease Rental Contract Form
Residential House Rental Contract
Month-To-Month Residential Rental Agreement
Written Rental Lease Agreements are not necessarily required by law when renting out property; however, in a world where people sometimes take advantage of others, forget, or where deals just cannot be enforceable anymore with a mere shake of hands, written rental contracts are necessary to legally bind the tenant and the landlord and to formalize the agreement between both parties.
House Rental Contracts and Its Contents
There is generally no fixed format for a rental contract; however, it should contain the following information:
- the full names of both the lessor and the lessee
- the names of the occupants
- the number of occupants
- the complete or specific address of the home being leased
- the landlord’s service address
- the amount of rent due
- the mode of payment
- corresponding penalties for late payments and bouncing checks
- the schedule of payment – whether it’s monthly, quarterly, or annually
- the length of the tenancy
- specific terms and conditions
- specific obligations and responsibilities
- house rules
- a forfeiture clause
Home Lease Agreements Are Legally Binding
When a landlord and a renter have come to terms with the conditions set in an agreement, both parties have to affix their names and signatures on the contract to demonstrate that they willfully agree to it.
Home Lease Agreements are legal and binding contracts and therefore obligate both parties to comply with the conditions being outlined in the agreement. Any action that violates any of the aforementioned terms can be grounds for litigation.
Basic House Rental Contract
Editable Private Room Rental Contract
Home Share Rental Contract Form
Free House Lease Rental Contract
Residential Rental Contract Form
Maintenance, Repairs, and Security Deposit
The responsibility for paying the cost for the maintenance and repairs to the property should be indicated in any Lease Agreement. Some landlords indicate that the cost for maintenance and repairs should be done by the tenant if the damage was incurred by the renter.
Landlords usually require a security deposit at the beginning of the lease. A security deposit is a payment other than the advanced deposit which usually covers up for repairs and maintenance costs or unpaid dues.
Tenant Privacy and Confidentiality
A Lease Agreement should set terms that protect the privacy of a renter and indicate a landlord’s right to enter a leased space only upon the authorization of the tenant.
Terminating a Rental Agreement
Both the tenant and the landlord have the right to terminate a lease before it even ends. Terminating an agreement may be mutual or may arise when a portion of the agreement’s terms and conditions have not been met. However, as with other contracts, terminating an agreement has to be made step by step to avoid disputes or lawsuits.
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