A lease is a document describing the agreement between an owner of a property known as an « owner » or « lessor », and another person who is willing to pay the rent during the use of the property, known as a « tenant » or « tenant ». In the term secular, it is a document used for the occupation of space (commercial or residential) for a fixed period in exchange for a monthly rent. The contractual conditions are negotiable between the tenant and the lessor and, after signature, the form is deemed legally and reciprocally binding. In the case of real estate or housing, a rental agreement usually provides for a rental for a short period, usually 30 days. If the tenant or lessor does not make an extract declaration, the rental contract is automatically renewed. The terms of the agreement may also be changed monthly. Yes, it is possible. A lease is an agreement between you (the landlord) and your tenant. Leases usually include the standard elements, such as the amount of rent, the duration of the lease agreement, who is responsible for different maintenance properties, and penalties that can be assessed for non-compliance with the conditions. This PDF template for the monthly lease contains the most common information that makes a monthly lease effective and binding between the parties.
Use, edit and/or add more information from that month to the MONTH of PDF lease filing to make your pdf reports and/or contracts look professional. To see a residential property lease agreement entered into, see our sample lease completed. Use a monthly lease if you don`t want to commit to renting your property for a full year or more, but still need to protect your rights. As a general rule, rental agreements can be terminated either by the landlord or by the tenant on a short-term basis. In this type of agreement, a tenant pays a non-refundable option fee in exchange for the option to buy the house at a predetermined price. If the tenant decides not to buy the property, the lessor retains the option fee. Use a lease to give the tenant the opportunity to acquire the property at the end of the contract….