To help offset the risk of an unruly tenant, landlords can make use of rental applications, paid background checks, references, and so on. A potential consequence of having an agreement that is too broad and simple is that the tenant can “act out” and then claim they didn’t see their action as against the rules of the lease. ![]() ![]() These provisions can help add structure to the agreement, which ensures both parties understand their rights and what they can and cannot do. Signature area: All parties must sign in order for this form to be legally binding.īecause this agreement is a bare-bones version of the standard residential lease, it doesn’t contain all of the clauses that would normally be included.Term (timeframe): The start and end date.Rent Amount ($): Amount of money a tenant pays for occupying the property.Property Description: Street address and property details.Parties’ names: Names of the landlord and tenant(s).The following must be included (at a minimum) in order to have a binding lease: ![]() Rental Application – Recommended for occupancy over 30 days.Ī simple lease offers basic terms covering a rental arrangement, while a standard lease outlines a comprehensive list of landlord and tenant responsibilities.
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