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YOU'RE ONLY FOUR EASY STEPS FROM GETTING YOUR CUSTOMIZED SIGNATURE READY RESIDENTIAL LEASE AGREEMENT
1. In the table below, enter the information specific to your lease agreement. 2. Use your credit card to pay $14.95 for the custom-tailored Document. 3. Print the Document that is immediately emailed to you. 4. Have both parties sign the document. Breathe a sigh of relief--you have your agreement in writing!
Below are the descriptions of the information we need from you.
Give us your information in the boxes below.
Below is helpful information to quickly guide you through this process.
Enter any special provisions to include in the lease agreement:
Use declarative sentences for each provision and end each with a period.
Show me samples of these sentences.
Rent In Renewal Terms:
If the tenant exercises an option to renew the lease at the end of the initial term the parties need to agree on what the new rent amount will be for those subsequent periods. Our lease agreements give you two choices for determining the rent, as explained below:
Fair Market Value: If this option is included in the lease, then the monthly rent for renewal terms will be what the parties agree is a fair market value rent for that property at that time. This provision gives the parties the flexibility to wait and see what a fair market rent would be at a future date, but it leaves the issue open for disagreement later on.
Predetermined Amount: If this option is included in the lease, then the monthly rent for renewal terms will be whatever you enter now. This provision removes the uncertainty about what the rent will be at a later time, but whatever is chosen now may not be in line with fair market rates in the years ahead. If you choose this provision, you will be prompted to enter the dollar figure of monthly rent in renewal terms.
Special Provisions
In this section you should describe any unique or unusual parts of your agreement that probably aren’t part of our standard form. In the case of a residential lease, a special provision might be that no large animals are allowed.
Use the special provisions option to enter your own custom provisions and insure that your entire agreement is in writing. If there are no special provisions, just select “no” in response to the special provision option and your lease agreement will be governed by the most common provisions already included in our standard form.
If you decide to include special provisions in your lease, just select “yes” in response to the special provision option and describe the provisions in the box that appears. The provisions you describe will be automatically inserted into your document and become binding. Describe the provisions in the form of short declarative sentences, such as “Parties acknowledge that only small to medium-sized animals are allowed in the house.”
NOTE: Whatever special provisions you write in will supersede any other conflicting provisions in your lease.
Lessor:
The person who owns the property and who receives rent or lease payments from another to use the property is sometimes called the “lessor”. When the lessor is leasing an apartment or house to another, the lessor is often referred to as the “landlord”.
Renewal Terms:
If you’ve included the option to renew in your lease, then you must select the number of renewal terms the lessee has, and how long each of those terms will be. For example, let’s say the initial term of the lease is 120 months (ten years). The lease may grant the lessee three additional terms at 36 months each, effectively extending the lease for up to nine more years (at the lessee’s option). These are the choices you must make now. Select the number of renewal terms, then type in a number of months for each term.
NOTE: The lessee is never required to exercise all or any of the options. As each renewal term expires, the lessee can choose again whether to exercise additional options and remain on the premises.
Option to Renew:
Including this provision will allow the lessee to automatically renew the lease at the lessee’s option after the initial term expires. Allowing the lessee that right can make the agreement more flexible because the lessee knows it can remain in the premises if it needs to, but is not required to remain longer than the initial term. If you would like to include such a provision in your lease, simply select “yes” from the drop down list in the online form. Otherwise, select “no”.
NOTE: if you choose to include this provision by selecting yes, you will be prompted to enter the number of renewal terms (up to five) the lessor has, the length of each successive renewal term (in months), and how the rent will change for the subsequent terms.
Lessee:
The term “lessee” applies to the person or people who are making rent or lease payments to another for the use of property. When the lessee is leasing an apartment or house the lessee is often referred to as the “tenant”.
Lease Commencement Date:
The lease commencement date is the date on which the lessee takes possession of the property and begins to use it. That is the date you should enter in the box on this line. The lease term begins to run on the lease commencement date.
NOTE: The lease commencement date is NOT the date on which the parties sign the lease. The signing date could be months ahead of the time that the property becomes available for use.
Lease Term:
The term of the lease is the length of time the lessee has the right to pay for and use the property. The term begins running on the lease commencement date. In our documents the term is measured in months, such as 36 months for a three year lease. Be sure you enter the number of months in this format, using an actual number to represent the number of months the lease shall continue.
Prepay A Cleaning Deposit:
Including this provision in the lease will require the tenant to make a deposit to cover any cleaning or repairs the Landlord is required to make to the premises when the tenant moves out. The Cleaning Deposit must be made on or before the lease commencement date. By including this provision in the lease, the landlord can help protect against the risk that the tenant will leave the property in an unsanitary or damaged condition. Our Cleaning Deposit provision requires the landlord to refund any portion of the deposit not reasonably necessary to clean or repair the premises. If you would like to include such a provision in your lease, simply select “yes” from the drop down list in the online form. Otherwise, select “no”.
NOTE: if you choose to include this provision by selecting “yes” you will be prompted to enter an amount for the cleaning deposit.
Monthly Rental Payments:
The “rent” or “rental payment” is the amount of money the lessee must pay on the first day of each month to the lessor for the use of the property. Enter that amount here as a number of U.S. dollars. Don’t include the dollar sign or the comma, we will insert those for you.
Prepay Last Month’s Rent:
Including this provision in the lease will require the tenant to pay the last month’s rent on or before the lease commencement date. By including this provision in the lease, the landlord can help protect against the risk that the tenant will abandon the premises without having paid for the final month. If you would like to include such a provision in your lease, simply select “yes” from the drop down list in the online form. Otherwise, select “no”.