Carl Glendon

Parties Involved In A Rent To Own Lease Agreement

Rent to Own Lease agreements are legally binding contracts that are used by a landlord for giving a property to a tenant on rent. The lease agreements that are used most commonly are intended for residential usage. A well-drafted agreement would make sure that the landlord does not experience any pitfalls. It can also safeguard the legal rights of the landlord if there is a conflict with a tenant. A rental agreement that is drafted well can protect the interests of both, and should have all the necessary details. Know about some of the parties that are involved in a Rent to Own Agreement.

Name of landlord / landlord's agent

You have to state the contact details of the landlord or the agency / agent of the same, so that the tenant can send any notice associated to tenancy. Landlords have to be careful and check that they mention their name properly, so that there is no confusion about identity. Please visit this site to get a sample free rental agreement.

Name of tenants

You wish to include the name of every tenant who would be staying at the property. It can give legal responsibility to every tenant for all the agreement terms. A simple lease agreement for rental house must have the names of every tenant, and the signatures of the same - so that there are no confusions about either their identities or how many tenants are supposed to stay in the property. Even if one tenant reports of his inability to pay, due to job loss or some other reason, you can claim rent payment from any of the others.

Name of extra occupants

You would also wish to include any kids or other individuals who would be staying there, but are not on the rental lease agreement - such as children, family members etc. These are the additional occupants to mention in an agreement. For more information about getting an Arizona rental agreement, please visit this website.

Author Resource:-

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find his thoughts at custom legal forms blog. To learn more about drafting an Illinois rental agreement online, visit this website.