Having a written Rental Contract is not necessarily mandated by law; however, a smart and savvy business owner knows that having one is necessary to set proper terms and guidelines as well as to protect oneself from disputes or misunderstandings between a tenant and a landlord.
Rental Contracts are written agreements between the lessor and the lessee – the landlord being the lessor and the tenant as the lessee. Rental Contracts are a great way to ensure yourself that the renter is made aware of the amount of rent due each month and that the landlord does not make any surprising rate increases. Having said that, it is crucial that your Rental Contracts are properly drafted, cover all the basic and important details, and leave no room for doubt. Our sample Contract Forms provide the perfect solution to your Rental Contract needs.
House Rental Renewal Contract Form
Sample Car Rental Contract Form
Vacation Rental Contract Form
Equipment Rental Contract Form
Trailer Rental Contract Form
Rental Contracts vs. Lease Agreements
Rental Contracts or Rental Agreements are contracts that indicate the short period of tenancy by the renter and are automatically renewed at the end of the period, which is usually a span of 30 days. A Lease Agreement, on the other hand, is a longer type of rental term which usually lasts for 6 months or a year, sometimes even longer.
In some instances, properties may be purchased instead of being rented out. Business negotiations such as these require Purchase Contract Forms that obligate a buyer to buy the property and the seller to sell it.
Why Are Rental Contracts Important?
As with other forms of contracts, Rental Contract Forms are legally binding. They do not only secure the landlord and the tenant’s rights; they also serve as a reference point for specific terms and obligations of a renter and a landlord, such as a landlord’s duty to maintain the privacy of his tenants and a tenant’s obligation to pay the amount of rent due on time.
Although in some cities and states, verbal agreements are enforceable by law, having a written contract creates an edge because it is tangible piece of evidence that proves how both parties have mutually and willingly consented to the rules indicated in the contract, making it more viable in times of dispute or misunderstanding.
Party Rental Contract Form
Rental Agreement Contract Form
Rental Contract Renewal Form
Rental Contract Application Form
Rental Contract Release Form
Duties of a Landlord
A savvy businessman knows that business is a give-and-take process. As a landlord, it is your duty and obligation to provide a safe and a clean space for your renters and to maintain their privacy by seeking consent before doing credit and background checks, obtaining authorization from them prior to entering the property they are renting out, disclosing information pertaining to health or environmental issues that may be detrimental to them, and to respect their privacy and maintain tenant confidentiality at all times.
Tenant Obligations
Tenants must also make it a point to follow the rules and regulations set forth in the contract, such as their obligation to pay their rental dues, to make sure that the rental space is properly used, not to cause damage to the property, and to pay for its cost of maintenance and repairs for incurred damages.
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