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Download simple lease agreement in PDF format.
Simple Lease Agreement Template – Making Relationship between Lessor and Lessee Strong
Renting or leasing has been in our society for decades. We all at least once in our life time have rented or given our property for rent. Thus leasing is not a new concept. But very few people are aware about the importance of a contract at the time of leasing. It is generally seen that people lease their property without signing a contract. This is generally because of the ignorance of law or the trust they share between them. But this may be a reason for confusion and ultimately legal feud. Here comes the importance of simple lease agreement template.
Lease: Definition
A lease can be defined as a legal contract which asks the lessee or the user to pay the lessor or the owner for using the asset. A lease will either provide details regarding the responsibilities and rights of the lessee and the lessor or there will be automatic provision as per the law of the land. Everybody is not a lawyer or an expert in legal affairs. But that is not an excuse. To avoid future problems between a lessee and the lessor they must enter into a legally binding contract.
Contents of a Lease Agreement
A simple lease agreement will have some mandatory contents such as rent, terms of tenancy, restriction on the number of occupants allowed in the rental unit, repair and maintenance. Details such as a security deposit on the rental and guidelines for the refund procedure. Do mention about pets as this is a thorny issue. If you do not want pets in your property make it very clear in the agreement.
Do mention details regarding the responsibility in case of damage to the property and what steps will be taken to compensate the owner for the cost of repairs. A lease agreement should also have details as to what the property can and cannot be used for to make sure that your tenants do not abuse your property. This is followed by the signature of the landlord and the tenant.
It is always advised that a lease agreement should be simple and precise and must inculcate all the relevant details. Try to avoid too much legal jargons and they may cause confusion. Being a legal document it must be registered followed by stamp duty and municipal tax. Once registered it is a legally binding document. Breach of any of the party can invite legal penalties.
Technological growth has open many avenues for us. Now we do not have to go to a lawyer to get a lease agreement. If you have a computer and internet connection you can easily download a simple lease agreement template. There are many websites which allow free download. One downloaded you can customize them according to your requirements.
Being a template you do not have to create a lease agreement every time you are renting your property. This saves a lot of time and effort. Making your conditions written and having a contract for lease makes the relationship between the tenant and the landlord strong and long lasting.