If you’re a landlord, you know that you have to get a Residential Lease Agreement drafted that complies with your state’s Landlord-Tenant laws. To help you out, we’ve created a Free Residential Lease Form that’s fully customizable and ready to use right now!
You can customize it by answering simple questions, and it also offers ezStateAssist tips to highlight any unique laws you may need to comply with. Once you’re done, it’s easy to email it back to the tenant and have them sign electronically with ezSign.
A security deposit is money that a tenant pays to a landlord to cover damage or loss of the property. This money is usually returned after a lease is completed.
In addition to the security deposit, a rental application needs to specify how much rent is due and how it is to be paid (money order, cashier’s check or electronically). It also need to have details on utilities, fees and late fees.
When it comes to security deposits, each state has different laws. However, in most states a landlord is not allowed to use an applicant’s security deposit against them.
Landlord may use a portion of the Security Deposit to pay delinquent Rent or other charges, cure any defaults of Tenant, or compensate Landlord for any loss or damage that Landlord suffers because of such failure of Tenant to perform its obligations under this Lease. If Landlord uses such a portion of the Security Deposit, Tenant shall restore it to its original amount within ten (10) days following written notice from Landlord in the manner directed by Landlord in such notice.
One of the most satisfying aspects of owning or leasing property is the regular upkeep and maintenance required to keep the place in tip top condition. While you’re at it, the other occupants will likewise appreciate your efforts on their behalf. A brief review of your tenant’s monthly bills, a few well-timed inspections and a hefty dose of sarcasm will go a long way in keeping your leased space clean and in good working order for the next lease term. Be sure to make a note of any and all unauthorized charges incurred, and if you can get a copy of your landlord’s credit card statement in a non-edible form, scribble down the information.
A lease agreement template should include a section for common area maintenance (CAM), which is the cost to maintain shared spaces such as hallways, elevators, and bathrooms. This can be a big expense for landlords and property managers, so it’s important to outline the amount that will be covered in a free lease form. CAM fees are typically included in a fixed-term lease, but may be part of a renewal option. Alternatively, tenants might opt for a smaller fee to cover cleaning or maintenance of their own spaces.
Every party to a Free Residential Lease Form must read and understand the responsibilities in it. These responsibilities can include a security deposit, rent, utilities, repair fees and more. In addition, landlords must ensure that the property meets safety codes and is livable for occupants. This will help protect the landlord from litigation should a tenant claim damage to the home or apartment due to neglect. Other responsibilities include the number of tenants, occupancy limits and guest policies. Landlords can also establish restrictions on disruptive activities, such as smoking or pets. Some states have laws that require landlords to set these responsibilities in a Lease Agreement.
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