Rent Agreement to Document Your Rented Property
Moving out from a house for the study of having another job in another city or town are two reasons commonly people decide to rent a property especially an apartment or house. The landlord of the property will provide a rent agreement which is signed to document the transaction between the landlord and the tenants of the borrowing property. The contract contains the written terms and conditions of the binding property. This agreement is also known as a lease agreement which might valid for some time as long as the tenants are still staying in the property rented. The landlord can renew the agreement if the tenants decide to continue to rent the property.
There are six types of rent agreement template that is popular to be used. Periodic rental is a document that is usually used for renewing periodically basis agreement either is monthly, quarterly, bi-annually, annually and many more. Then, short and long fix term rental is differentiated by the time length of the rental. A short-fixed rental is valid for one month to 5 years, meanwhile, a long-fixed rental is used to document the rental property where the duration is about more than 5 years. Further, co-tenancy is used for some people who rent a property together. They sign the lease agreement and equally responsible to take care of the property.
Samples of Rent Agreement :
What to includes in the rent agreement template should be paid attention to carefully. The first thing is about both landlord and tenants’ information includes a full name for first, second, and last name. be sure that the name is correctly written, because misspelling may make the document is not valid. Then, the detail of the property. It should be described briefly along with the kinds of property, its location, and specific part of property rented. After that, you can enter the cost and payment where it contains monthly rent, payment method, late fees, security deposit, and utility deposit. If you are interested in using this type of template for your property management, you can download one for free by clicking on the download link provided at the bottom of this page.
Rent Agreement Template | Word – download
