Free Tenant Lease Form
Before you rent a property to a tenant, you need to make sure that there's a binding agreement between you as the landlord and the tenant. If you don't have the proper forms already, you will need to get a free tenant lease form that is valid in your state.
A good free tenant lease form will allow give you the clause that you may increases the rent to the average of similar units in the complex. Even if you don't intend to increase the rent, it's good to know that you can do so in the future to make it profitable for you.
The important things that must be included in a free tenant lease form are usually things that must, should and cannot be in a written rental agreement. You are also required to be very specific about the clauses that apply to both you and the tenant so be sure to give as much detail as possible. When a rental occurs, you will need to fill in the tenant information as usual on the tenant form. Governmental laws, rules and regulations will change from time to time so be sure to update the forms regularly.
As you can see, free tenant lease form can protect your interest in the agreement should the tenant files bankruptcy. The sheriff will probably give thetenant twenty four hours to get out before taking real action against the tenant. In any event, the deadbeat is gone and you can immediately put in a paying tenant.
Free Tenant Lease Form Sample
Parties: Landlord _________________________
Tenant(s) _______________________________
Address ________________________________
_______________________________________
RENTAL: Starting from ________________, the TENANT agrees to pay the LANDLORD the sum of $ ___________ per month in advance on the _____day of each month.
Rent must be actually received by LANDLORD, or designated agent, in order to be considered in compliance with the terms of this agreement.
The TENANT shall pay the first month rent of $ __________ plus the security deposit in the amount of $ __________ for a total of $ ____________.
The LANDLORD may enter and inspect the premises during normal business hours and upon reasonable advance notice of at least 24 hours to TENANT. If the work performed requires that TENANT temporarily vacate the unit, then TENANT shall vacate for this temporary period upon being served a 7 days notice by LANDLORD. TENANT agrees that in such event that TENANT will be solely compensated by a corresponding reduction in rent for those many days that TENANT was temporarily displaced.
__________________LANDLORD/AGENT __________DATE
__________________TENANT __________DATE
__________________TENANT __________DATE