Sample Template for Rental Agreement

As a landlord or property manager, it is important to have a comprehensive rental agreement in place to protect both you and your tenants. A well-crafted rental agreement not only outlines the terms of the tenancy, but it also serves as a legal document that can be used in court if necessary. However, creating a rental agreement from scratch can be a daunting task.

To make your life easier, we have put together a sample template for a rental agreement. This template covers the essential elements that should be included in any rental agreement.

Basic Information

The first section of the rental agreement should include basic information about the property and the tenancy, such as:

– Full address of the rental property

– Names of the landlord(s) and tenant(s)

– Dates of the tenancy (start and end)

– Rent amount and due date

– Security deposit amount and terms

– Late fee policy

– Pet policy, if applicable

– Smoking policy, if applicable

Property Use and Responsibilities

This section should outline the tenant`s responsibilities when it comes to using and maintaining the property. Some of the key points to cover include:

– Permitted use of the property

– Occupancy limits

– Quiet hours

– Prohibited activities (e.g., illegal drug use)

– Permission to make alterations or repairs

– Responsibility for maintaining the property (e.g., cleaning, lawn care)

Payment Terms

This section should outline the payment terms of the tenancy, including:

– Rent amount and due date

– Late fee policy

– Grace period for late payments

– Returned check policy

– Responsibility for utility payments, if applicable

Termination and Renewal

This section should outline the conditions for terminating or renewing the tenancy, including:

– Notice required to terminate the tenancy

– Conditions for terminating the tenancy (e.g., non-payment of rent)

– Automatic renewal or option to renew

– Conditions for renewing the tenancy (e.g., good standing)

Legal Disclosures

Finally, the rental agreement should include any legal disclosures required by law, such as:

– Lead-based paint disclosure, if the property was built before 1978

– Fair Housing Act disclosure

– Security deposit protection requirements, if applicable

– Rent control or rent stabilization regulations, if applicable

By using this sample template as a starting point, you can customize your rental agreement to meet the specific needs of your property and tenants. And remember, it is always a good idea to have a real estate attorney review your rental agreement to ensure it is legally sound.