Some important issues to look for in a free printable simple lease agreement are occupancy limits, the term of the lease, security deposits and other fees, and the responsibilities of property maintenance, according to ManageMyProperty.com. Including these points clarifies the rights and responsibilities of both landlord and tenant.Continue Reading
Occupancy limits define who is allowed to move into the rental unit. A landlord may evict tenants who allow others to move in without first securing the landlord's permission, states ManageMyProperty.com.
The term of the lease refers to how long the rental agreement lasts. Fixed-term leases typically last a year, but some rental agreements renew each month. The length of the lease is an important factor when considering a buyout to end the lease early, or when seeking to break a lease without penalty, as reported by ManageMyProperty.com.
The financial information in a lease is not limited to just the rental amount. Most leases include a security deposit to protect the landlord in case of damage to the property, or nonpayment by the tenant. A landlord sometimes has to disclose where the deposit is held, and whether any interest earned is payable to the tenant, says ManageMyProperty.com.
The rental lease agreement needs to explain what the tenant's responsibilities are for maintaining and repairing the property. Contacting the landlord about problems or dangerous conditions, keeping the rental unit clean and paying for damages caused by neglect are some clauses that may be included in the agreement, as suggested by ManageMyProperty.com.Learn more about Real Estate