Simple Lease Agreement

Answer 1

A simple lease agreement is common within any economy and can easily be drawn up. In many cases a basic lease form can be accessed on line and includes for complicated in-depth leases. Even a long lease form is considered simple if it addresses the conventional rights and responsibilities of the contracting parties. All states have some form of lease laws, normally stating the legal rights of tenants and landlords, but additional conditions can be applied in any given situation. There are some points that should be included in any simple lease agreement, whether it is residential or commercial.

The initial information on the lease will be personal information of the primary tenants, along with any secondary persons who will be living at the residence. A commercial rental agreement would require this information be the business occupying the property and the business owner's name. This information could also include employment or income information and possibly a guarantor, such as Section 8 housing eligibility.

Lease terms should be written plainly to avoid misinterpretation and should always be consistent with the property laws of any particular state. Rental statutes in differing states are not uniform and it is important to know what circumstances could possibly make a simple lease agreement null and void. Unreasonable and undocumented terms may not be acceptable to any court if a conflict arises, so clarity is necessary.

Access to specific parts of a property is normally included, depending on the situation. Additionally, restrictions on pets should be listed in writing to avoid misunderstanding. Rentals of furnished quarters may possibly include damage deposits in addition to standard rental agreements and may also include various community rules or stipulations. A good standard lease will have clearly enforceable contract terms.

In many cases it is a good idea to state any responsibility for legal costs incurred in the event of a legal conflict. It may not be a communication method to begin a financial relationship by discussing conflict, but some instances could require a clear stipulation. It is important to remember that a simple lease agreement must include all legally required information and not make demands that are contrary to any rights that the renter may have legally, such as health concerns and negligence on the part of the landlord.