What Terms Are Usually Included in a Rental Agreement or Lease?
There is no universally standard rental agreement or lease, mainly because different states have different laws. As long as landlords and tenants adhere to these laws, they are free to set their own terms.
Nevertheless, rental agreements and leases usually contain the following elements:
The name of the landlord and all the tenants. Also include the information of the authorized manager of the rental property, if applicable.
The rental unit address
The exact rental amount
When the rent is due, to whom it is to be paid, where it is to be paid, and how it should be paid. In case the rent is to be paid to another person or entity, add the necessary information.
The amount and purpose of the security deposit
The amount of any late fees or bounced check fees
The number of people allowed to live in the rental unit
Whether attorney’s fees can be collected from the losing party in the event of a lawsuit between you and the landlord
Who is responsible for paying utilities (gas, electric, water, and trash collection)
Who is responsible for taking care of the yard, if applicable
Any promises by the landlord to make repairs, including the date by which the repairs will be completed
Other items, such as whether you can sublet the rental unit and the conditions under which the landlord can inspect the rental unit
- What Is a Lease Agreement?
- What Are the Tenant’s Basic Rights That Cannot Be Restricted?
- Are You Legally Required to Act in Good Faith?
- How Should You Determine the Rent Price?
- Can You Lease Your Property and Live There at the Same Time?
- Can You Sign a Lease With More Than One Person?
- Can You Enter Your Rental in Case of an Emergency?
- What Is a Rental Agreement?
- What Is the Difference between a Lease and a Rental Agreement?
- What Are the Advantages and Disadvantages of Leases and Rental Agreements?
- Is a Verbal Rental Agreement Legally Binding?
- Why Is It Better to Have a Written Rental Agreement?
- How Do You Negotiate Lease Terms with Non-English Speaking Tenants?
- Can You Require Your Tenant to Pay Rent in a Specific Form?