Are you planning on renting out your property? Before you do, make sure you have a basic house rental agreement in place. A rental agreement is a legal contract that outlines the terms and conditions of the rental agreement, and it protects both the landlord and the tenants.
If you`re unsure of where to start with creating a rental agreement, don`t worry! We`ve put together a basic house rental agreement template that you can use as a starting point.
Introduction
The introduction should include the names of the landlord and tenant(s), the property address, and the date the agreement is being signed.
Terms of Tenancy
This section outlines the start and end dates of the tenancy, how much rent is due, when it`s due, and how it should be paid. It should also include late fees and penalties for missing rent payments.
Security Deposit
The security deposit is the amount of money the tenant pays upfront to cover any potential damages or unpaid rent. This section should outline how much the security deposit is, how it will be held, and when it will be returned.
Maintenance and Repairs
This section outlines who is responsible for maintaining the property and who is responsible for repairs. It should also include how repairs should be reported and how they will be addressed.
Utilities
This section should outline which utilities are included in the rent and which ones the tenant is responsible for paying.
Pets
If pets are allowed on the property, this section should outline any restrictions, fees, or deposits associated with having pets.
Termination of Tenancy
This section outlines the process for ending the tenancy, including how much notice is required and any penalties for breaking the lease early.
Signatures
Both the landlord and the tenant(s) should sign and date the rental agreement.
Final Thoughts
While this basic house rental agreement template is a great starting point, it`s important to remember that rental agreements can vary depending on state and local laws. It`s always a good idea to have an attorney review your rental agreement before having tenants sign it.
By using a rental agreement, you`re protecting yourself and your tenants, and ensuring that you have a clear understanding of everyone`s responsibilities and obligations.