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Download free lease agreement in PDF format.
Blank Lease Agreement – Hassle Free Leasing Experience
Gone are the days when ignorance of law was considered to be an excuse. With the advancement of technology you do not have to go to a lawyer to know your rights. People are becoming more aware of their rights through internet, print media visual media etc. and thus contribute to a discipline and healthy society. Leasing has been in our society for the past many decades. In the past a property was given for lease on the basis of trust and verbal agreement, this lead to a lot of confusion and feuding among the two parties. Here comes the importance of a blank lease agreement. A lease agreement made leasing a legal affair, pave the way for a healthy and long lasting relationship.
Lease: A lease can be described as a legal contract which asks the lessee or the user to pay the lessor or the owner for using the asset. A lease agreement will either provide details about the responsibilities and rights of the lessee and the lessor or their will be automatic provision as per the rule of the land. A lease agreement is a must for safeguarding the interest of both the parties and avoiding any ambiguities. A property owner must have blank lease agreement so that he can make a legal contract whenever he rents his property, saving both times and effort.
Contents: A blank lease agreement should start with provision for details such as rent, terms of tenancy, name and address of the lessee and the lessor, restriction on the number of occupants allowed in the rental unit, repair and maintenance. Provisions for details such as a security deposit on the rental and guidelines for the refund procedure should also be provided. It is highly advisable to mention about pets as it is a thorny issue.
While preparing a lease agreement do mention details regarding responsibility in case of damage to property and what steps will be taken to compensate the owner for the cost of repair. It should also mention about what the property can and cannot be used for, to make sure that your tenants do not abuse your property. Provision for signature of the landlord and the tenant must be given. These are some of the important things that we must inculcate while preparing a lease agreement.
A lease agreement should be simple and precise. Try to avoid too mush legal jargons as they may become a cause for confusion. A lease agreement becomes a legally binding contract when it is signed by both the parties and registered followed by stamp duty and municipal tax. Breach by any party may invite penalties.
Lease agreement can be easily downloaded from the internet. There are innumerable websites which allow free download facility. Once the agreement is downloaded you can customize it according to your requirements. Property owners must have a blank lease agreement as it makes your leasing experience smooth and less time and effort consuming. Apart from that it also strengthens the relationship between the owner and the tenant as it closes any chance for confusion.