Lease Agreement Template
Figuring out how to formulate contracts and legal documents can often be challenging to those without the necessary qualifications. In most cases, people resort to using lawyers to formulate their contracts, but there are both pros and cons to doing so. In some cases, it may be more beneficial to use a template.
In this guide, we’re going to take a look at what goes into a lease agreement template, including the sections that they usually feature. We’re also going to explore the benefits and disadvantages of using these templates to come up with leases, and we’ll cover some ways to determine if you’re using a quality template.
What is a Lease Agreement Template?
A lease agreement template is a document template that includes all of the usual verbiage that is required in a lease agreement but leaves you spots where you can input the details of your particular agreement. This means that you don’t have to formulate the agreement yourself or get a pr ofessional to do it for you.
There are a few details that are required in a lease that you’ll have to fill in yourself because they will vary from property to property. The most obvious one is the monthly rent amount, which will depend on the property itself as well as whether or not there are any seasonal factors affecting the cost of the rent.
A lease template should also include blank spots for any fees that may be involved for taking out the trash, parking, or having a pet on the property. Dates will also be required to determine when the lease begins (i.e. when the tenant can move in) and when the lease comes to an end.
There will be another blank space for the security deposit, which is negotiated between the landlord and the tenant. Keep in mind that every state has a limit for security deposits, so be sure that you know the maximum amount that your landlord can charge you for your deposit depending on where you live.
Finally, the lease will also detail what kind of term you have, which will affect whether you pay monthly or annually, and it should also outline who pays for utilities. If the tenant pays for utilities, the lease will need to mention how much they’re paying for each of the utilities.
One of the main advantages to using a lease agreement template is that you don’t have to hire lawyers to come up with the lease. This can save you quite a bit of money, but a major downside is that you may have to get the template reviewed by a lawyer regardless to ensure that it’s legally binding.
The last thing that you want is for your tenant to break a lease agreement and then it doesn’t hold up as valid in court because you used the wrong lease template. Keep in mind that there are a few ways that you can tell if a lease agreement template is genuine, including whether or not it contains typos.
Popular Types of Lease Agreement Templates
Here are some of the most commonly used lease templates that you can use at your own convenience.
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