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Rental Lease Agreement Template
Rebecca Fikes bu sayfayı düzenledi 1 hafta önce
Washington D.C.
West Virginia
Wisconsin
Wyoming
By Type (15 )
Standard Lease
1-Page
Commercial
Condominium
Equipment
Family Member
Hunting (Land)
Month-to-Month
Parking Space
Rent-to-Own
Roommate
Storage Space
Sublease
Vacation (short-term)
Weekly
The Leasing Process (8 steps)
Housing Statistics
- 33.6% of U.S. families are renters (44 million). [1] [2]- 68.2% of leases are fixed-term. [3]- 31.8% of leases are month-to-month.
- 30% of a renter's income (on average) is invested in rent. [4]
1. Tenant Views the Space
The renter's primary step in the leasing procedure is seeing the space. This is commonly after viewing photos of the residential or commercial property on a site where it was listed.
Renting Trends (2023 )
91% of tenants use a website or mobile app when browsing, and 19% use for housing without requiring an in-person trip. [5]
2. Obtain a Rental Application
Before a deal is accepted, the landlord generally demands a tenant to complete a rental application and pay a little charge (view optimum costs by state). The most typical charge was $50 in 2023. [6]
Applicant Details
- Applicant's name & address - Employment information - Income confirmation
- Previous property managers
- Consent (to run a credit check)
3. Screen the Applicant
Use the rental application to run a consumer report. This includes running a credit report and searching public records (eviction search, background check, etc).
Recommended Services
- Limited ($ 21) - RentPrep.com - Detailed ($ 40) - MySmartMove.com
4. Verify References
The candidate's company and previous proprietors should be gotten in touch with. This offers insight into the applicant's character and if they pay their lease on time.
Questions to Ask a Previous Landlord
- Was lease paid on time throughout the occupancy? - Did the renter break the lease?
- What was the factor for leaving the residential or commercial property?
- Was there damage made on the residential or commercial property?
- Would you re-rent to the occupant once again?
5. Negotiate the Lease
Once a tenant is authorized, the parties will start negotiating the rental terms. If the renter is a creditworthy individual, they may have the ability to get a better offer due to their monetary status.
Negotiation Items
- Monthly lease ($). - Security deposit.
- Utilities.
- Fees (e.g., parking, animals, garbage, etc)
6. Lease Signing
When both parties sign the lease it ends up being lawfully binding until completion of its term. The most typical methods to sign are in-person or digitally.
Required at Lease Signing
- First month's rent. - Down payment.
- Identification
7. Taking Occupancy
After signing the lease and making preliminary payments, the renter must be provided access to the residential or commercial property at the start of the lease term. Generally, a renter can stagnate into the residential or commercial property unless they have made an additional payment.
Inspecting the Residential or commercial property
To secure the down payment, it is advised that the renter finish a move-in inspection kind and note any existing residential or commercial property damage. In 2023, only 42% of tenants said they got totally refunded on their down payment. [7]
8. End of Tenancy
The property owner will notify the occupant of their intention to renew or end the lease between 30 and 90 days before completion of the occupancy. If the property manager terminates the lease, the renter's security deposit will be returned after move-out.
Landlord's Options
Renew the Lease - By sending a Lease Extension. Terminate the Lease - By sending a Non-Renewal Lease Letter. Landlord-Tenant Laws
Down Payment Laws. Expand Collapse. State Maximum ($). Returning. Statute. Alabama 1 month's lease 60 days after the termination date and delivery of ownership § 35-9A-201( a), 35-9A-201( b). Alaska 2 months' rent, except for units leasing for more than $2,000 14 days if the occupant leaves on-time, thirty days if not § 34.03.070( a), § 34.03.070( g). Arizona 1.5 months' lease 2 week from move-out assessment (excl. weekends and vacations) § 33-1321. Arkansas 2 months' lease 60 days from termination of occupancy § 18-16-304, § 18-16-305. California 1 month's rent 21 days from the move-out date 1950.5. Colorado 2 months' lease (leaving out family pet deposits) 1 month if pointed out in the lease, 2 months if not C.R.S. § 38-12-102.5
§ 38-12-103. Connecticut 1 month's rent is 62 years or older, 2 months' rent if younger 21 days from the move-out date or 15 days from receiving the tenant's brand-new address § 47a-21. Delaware 1 month's lease for leases of one year or more. No limit on all others types 20 days from the termination date Title 25 § 5514. Florida No limitation 1 month if deductions, 15 days if no deductions § 83.49( 3 )( a). Georgia 2 months' rent one month from the termination date § 44-7-30.1
§ 44-7-34. Hawaii 1 month's rent (leaving out pet fee) 14 days from the termination date § 521-44. Idaho No limit 30 days if specified in the lease, 21 days if not § 6-321. Illinois No limit 1 month if reductions, 45 days if no deductions 765 ILCS 710. Indiana No limit 45 days from the termination date § 32-31-3-12. Iowa 2 months' lease thirty days after the occupant has left § 562A.12. Kansas 1 month's lease (unfurnished), 1.5 months' rent (supplied) 14 days after making deductions or thirty days from the termination date § 58-2550. Kentucky No limit 60 days from the lease termination date § 383.580( 6 ). Louisiana No limitation 1 month from the termination date Revised Statute 9:3251. Maine 2 months' lease 1 month if the lease is fixed-period, 21 days if tenancy-at-will § 6032, § 6033. Maryland 1 month's lease 45 days from the termination date § 8-203. Massachusetts 1 month's rent 30 days after the occupant has abandoned Chapter 186, Section 15B. Michigan 1.5 months' rent thirty days from the end of occupancy § 554.602, § 554.609. Minnesota No limitation 3 weeks from the termination date § 504B.178. Mississippi No limit 45 days from the end of occupancy § 89-8-21. Missouri 2 months' rent 1 month from the termination of tenancy § 535.300. Montana No limitation 30 days if reductions, 10 days if no reductions § 70-25-202. Nebraska 1 month's rent (omitting family pet fee) 14 days of move-out § 76-1416. Nevada 3 months' rent thirty days from the end of occupancy NRS 118A.242. New Hampshire 1 month's lease or $100, whichever is higher one month, 20 days if the residential or commercial property is shared with the landlord RSA 540-A:6, RSA 540-A:7. New Jersey 1.5 months' rent thirty days from the termination date § 46:8 -21.2, § 46:8 -21.1. New Mexico 1 month's lease for leases under one year. No limitation for residential leases of one year or more 1 month from the termination date § 47-8-18. New york city 1 month's lease unless the deposit or advance is for a seasonal use dwelling unit 14 days after the tenant has actually Tenant Protection Act 576/74( f), § 7-108 (e). North Carolina 2 months' lease for tenancies of more than 2 months
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