A simple lease agreement is a written contract that legally recognizes a binding relationship between a tenant and a landlord. Whenever a house, apartment, basement, attic, condo, duplex, houseboat, townhouse, shop or office space is rented, the two parties sign a lease agreement to mention all the terms and conditions of the lease. Basic elements included in a simple Lease Agreement are the details of the tenant and the landlord, the lease term, the rental amount and any rights, responsibilities and restrictions applicable to both the parties.
Residential Simple Lease Agreement
This kind of agreement is signed between a landlord and a tenant who wishes to rent the property for residential purpose. A residential lease agreement often includes terms and conditions for residing purposes, including pets, carpets, repairs and maintenance, limit of occupancy, smoking restrictions etc.
Month to Month Simple Standard Lease Agreement
Also known as the Tenancy at Will, this kind of agreement renews every month when the tenant pays the rent. This kind of lease does not come with an end date, unless any of the parties decide to vacate the property. Usually, a one month’s notice is given by the party that wants to terminate the lease.
Rent to Own Simple Lease Agreement
Some people want to own a property rather than taking it on rent. They keep on paying rent for the property, until they become capable to buy it. This kind of arrangement often suits those who don’t have enough capital to own a property immediately, but have intentions to do so in future. Both the parties make a mutual arrangement to buy and sell the property after a certain period of time.
Simple Farm Lease Agreement
Simple Offer To Lease Agreement
Simple Short-term Lease Agreement
Uses of a Simple Lease Agreement
To make a legal contract between the tenant and the landlord
To mention the details of the lease, including its price and period
To state any terms and conditions that both parties have to follow
Target Audience of a Simple Lease Agreement
Prospective landlords and tenants
Public housing agencies
Tenant placement services
Friends and roommates
Benefits of a Simple Lease Agreement
It clearly mentions the cost and period of the lease, so that there is no confusion
It assigns rights and responsibilities of both the parties, so that both know what to do and what not
It helps in answering any questions that any of the parties have in their mind
How to Create a Simple Lease Agreement
A simple lease agreement should mention all the terms and conditions of the lease, including the party details, the cost and term of the lease, any scope for rent increase, any rights, responsibilities and restrictions that both parties have to follow, any conditions on pets, occupancy and smoking etc. Use a Printable Lease Agreement Template to create a simple lease agreement, or you can hire help from a professional to get it done.
The simple lease agreements available here are created by professional designers who have extensive knowledge of the legal requirements. Just download a suitable agreement, fill in the required details, print it out and get it signed by both the parties. The best thing is that the agreements available here are 100% customizable as per your individual requirements.
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