How To Write a Lease Agreement

Having your hard-earned property used by a total stranger can be, to some extent, risky. To have a secured file of every flow of transaction made is essential, not only for your protection but for the lessee’s as well. When writing a lease agreement, you should be very transparent. When money and property become the central affair, there is need for a tangible contract on both parties. Consider the tips below on writing an effective and unbiased lease agreement.

  • The primary information you should note is your full name and those of the tenants’, respectively. Given that a lease agreement is a formal statement, you should strictly follow its designed format. Leave the line below your name blank before writing the first tenant’s name to categorize and distinguish the landlord’s from the tenant’s. Include in this section the complete address of the property.
  • For your next statements, details of the basic agreement should be inscribed. Below are the things you need to write down as your terms:
    • The time allotted for the agreement for lease to end.
    • The exact amount of charge the lessee will have to shell out monthly.
    • The deposit.
    • The conditions once the tenure for lease is already finished.
    • The renovations that were made prior to the lessee’s occupancy of the property.
    • Your approval for every appliance that consumes high electricity bill.
    • State also in this section that the user will be responsible for any damages of the property during tenancy.
  • Next is the agreement for the maintenance of the property. This is a very important part of the lease agreement wherein landlords and tenants usually form disagreements over.
    • State clearly on this part that the tenant should welcome your every property inspection visit. It’s also your duty to notify the tenant ahead of time for a particular inspection, outside and inside the vicinity. For this matter, the tenant is not authorized to change locks without your consent.
    • Give the lessee exact instructions on how to maintain every part of the property as well as the appliances left for the lessee’s temporary use. This is the part where the tenant should assure proper care of the property and guarantee repairs in case of damage and misuse.
  • Notify them that the enlisted names of tenants are the sole persons authorized to reside in the property. Make guidelines regarding guests’ stay. In the case of animal acquaintances, specify what pets and how many are allowed.
  • Make known to them the responsibility of reporting any damages on the property or problems encountered within premises. Give them a picture of the consequences to be faced once the tenants break the rules and regulations.
  • For your security and that of the tenants, as well as of the property, you and your client should sign a mutual agreement on the day the lease was released. Always ask for IDs of the tenants and, on your part, you should show records and files about the property to be leased.

Operating a property with persons you barely know can produce intricacies. But having the right knowledge on property management can make this task simple and trouble-free.


Share this article!

Follow us!

Find more helpful articles: