Using Blank Rental Agreement Forms

2008-12-03 16:13:19

( Computers )



About Agreements

There are various types of business agreements, ranging from personal loan agreements to reseller agreements. These agreements need to be substantiated by a physical document containing a description of the transaction, specifically the amount, people involved, and terms that have been previously agreed on.

Rental Agreements

A rental agreement is physical proof that a piece of real property is to be leased or rented by one party to another, for a sum of money payable at specific time periods.

The rental agreement also specifies all the conditions that both the lessor and lessee need to comply with. The lessee will also need to supply periodic payments at given deadlines during the rental period. The agreement may also indicate the situations where a lessor has legal right to expel the lessee.

Blank Rental Agreement Forms

Most terms and conditions of rental agreements are very standard. For this reason, you may be able to use a blank rental agreement form that already contains spaces to fill in the details. The blank rental agreement form is already formatted and divided into sections that provide for names of parties, the exact location of the property to be rented, the amount and inclusive dates of the rental period, amount of security deposit, and governing rules.

The agreement also has a set of other governing conditions, such as who will be responsible for paying utility bills, disposal of garbage, and repair or alteration of the property. It also states restrictions for the tenant, such as

Advantages and Disadvantages of Using Blank Rental Agreement Forms

Using blank forms is quite convenient, because you only need to fill in all the blank parts. After that, you may already have the document signed and duly notarized to make it legal and binding. There are many sites that offer standard blank rental agreement forms that you can easily print and reproduce. Most sections of the blank rental agreement form are very open-ended where you can add other provisions.

On the other hand, the form may not be suitable if you are faced with special situations regarding the rental property. The form does not provide additional space to place other terms that may be needed.

Completing the Blank Rental Agreement Form

If you're the lessor, be sure to place the correct details in the agreement. Double check the document for any typographical errors or omissions. These may be taken against you by your lessee in case of a legal dispute. Be especially careful about dates and amounts. Give your lessee ample time to review the document before he signs it. Once the document has been signed and notarized, make sure that your tenant gets a good copy.

As the lessee, you should examine the document carefully and make sure that you understand and are compliant with all the terms of agreement before signing it.


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