FREE 9+ Apartment Lease Agreement Templates in MS Word | PDF | Pages | Google Docs

Because people are moving from one place to another because of opportunities in their job, business, or studies, renting an apartment has become a cost-efficient way to find a place to stay temporarily. Based on a report by iProperty Management, there were 44 million American households or 109 million individuals who made up 36% of the population rented their homes in 2019. Because the demand is high, both landlord and tenant should have a common ground to agree. Hence, a lease agreement must be written to set everything in stone. Find more about apartment lease agreements in this article.

Apartment Lease Agreement Template

Apartment Lease Agreement Template

Sample Apartment Lease Agreement

Word Apartment Lease Agreement

Example Of Apartment Lease Agreement

Apartment Lease Agreement Free Printable

Apartment Rental Agreement

Download Apartment Lease Agreement

Free Download Apartment Lease Agreement

Simple Apartment Lease Agreement

What Is an Apartment Lease Agreement?

An apartment lease agreement is a type of rental/lease agreement. This document is specifically used when an individual rents or leases an apartment unit. It outlines an arrangement between a landlord who owns the apartment and a tenant willing to pay to temporarily stay in the property. Moreover, this agreement may collect the tenant’s relevant information, consent to run a credit report, and lease history.

How to Write an Apartment Lease Agreement

When a basic agreement is signed by the parties, it becomes legally binding. Because of that, writing a simple lease/rent agreement requires more time and attention to detail. More so, this type of agreement varies depending on the terms and conditions it indicates. Your state’s governing law also influences how the agreement should be written because states have different laws for renting and leasing. Below is a list of pointers you must take note of if you want a flawless apartment leasing agreement.

1. Identify the Parties

Before jotting down the printable agreement, identifying the parties is an important step to start with. If the agreement is between two businesses, indicate the owners’ names and registered business names. Then, know where their business is located. On the other hand, just use legal names if the agreement is between individuals and their residential addresses. Begin the agreement with this information. Additionally, mention the agreement’s commencement date.

2. State the Lease Term

The lease term is the agreement’s most crucial section. It is also called the rent term in similar agreements. This part tells how the sample agreement came to be. Aside from that, it describes the property, its location, premises, condition, and amenities. You can also indicate when the tenant will move into the apartment. However, some agreements do not include the lease term because they put it in the terms and conditions instead.

3. Indicate the Payment

Money is a contentious matter. That is why you need to get the numbers right. The payment terms will be based on how the tenants prefer to pay for their stay in the property. If they desire to pay a monthly rental, then indicate the amount they should be paying in the agreement. Meanwhile, paying a yearly lease should be equal to twelve-monthly rents on top of the advance payment. Furthermore, some landlords add a security fee to protect the property from any damages caused by the tenants. You can indicate that as well. Lastly, state the payment method to let your tenants know how to pay for their dues.

4. Add Termination Clause

The termination clause tells the limitations of the agreement. In most parts, it is a warning clause that indicates how the bind between the parties can be broken. It can be late payment, non-payment, damage to the property, or not complying with the propety’s rules and regulations. Other clauses, like property maintenance and sanitation, visiting policies, amendment, and governing laws must be added too. To make sure that the agreement has no loophole, consult an attorney, and ask for a piece of advice on how to improve your document.

5. Let the Parties Sign the Agreement

The apartment lease agreement is incomplete if unsigned. So, let the landlord and tenant sign the document with their names. Take note: both parties must be at least 18 years of age, to be of sound mind, and in no way coerced into signing for the agreement to be legally enforceable by law.

FAQs

Renting is not as simple as booking hotel rooms because it is a long-term commitment to some. As a landlord, having a lease agreement is vital in protecting their business’s health and reputation. For a tenant, an agreement gives them the assurance that the property they are staying in does not compromise their safety and gives the comfort of a home. Writing a simple agreement may seem challenging, but it is easy with the right tools. For more agreement templates, visit our website and click the download button to grab a copy today!