Creating A Rental Lease Agreement

Some Important Considerations While Creating A Rental Lease Agreement

Do you want to rent out a home, an apartment or even an office, and make some income? In all these cases, you would need a rental lease agreement in order to be on the safe side and have your rental relationship with tenant, terms and conditions of rent, payment amount, payment mode, payment dates etc mentioned clearly.

You can find free rental lease agreement documents out there online - that can be used for reference purposes. These are some of the important things that you need to keep in mind while preparing a rental lease agreement:

Rental property usage policy

There are of course some kinds of activities that you might not like the tenant to do during the lease period. For example, you might not like the tenant to indulge in some kind of activities that might not be legal in your area, such as preparing marijuana etc. Or you might not like your tenant to come back to your rental property at very odd hours of the day, especially if the property is attached to your residence.

All these things have to be mentioned clearly in your agreement, in order to avoid confusion at a later point of time.

Date and mode of payment

It is often that tenants insist landlords to take payments in other currencies or in the form of some assets, due to an inability to pay in the local currency or even in a monetary form. Naturally, it is very important to mention in the agreement on which date you would like to get paid and in which mode of payment.

For example, if the tenant insists that he can pay only in Bit coins or in the form of some asset - such as a car - you can show the free rental agreement in California as a source of reference and refuse to get paid in that kind of payment mode.

Start and end date of lease duration

It is also very important to mention the start and end date of the period of lease in your agreement, so as to avoid any argument or confusion in the future. You would not like your tenant to stay on for longer than he is supposed to reside in your rental property, without paying you money, or even after you would not like that person to stay on for any more time - due to some reason or another.

Author Bio

Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs.