Common use of Lease Agreement Clause in Contracts

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Downloadxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Standard .docx)Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday every day rental transactions. Downloadxxxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Sublease .docx)Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Downloadxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) What .docx)What is a Lease Agreement? A Agreement?A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: :Date of the Agreement’s Origination Names OriginationNames and Addresses of the Landlord & Tenant Property TenantProperty Description (rental unit’s address) Term address)Term of the Occupany Security OccupanySecurity Deposit Amount Required AmountRequired Lease Payments (rent) Once rent)Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease notarization.)Lease Addendums & Disclosures An DisclosuresAn addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. .A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. .General Addendums, Disclosures, & Notices: :How to Lease Residential Property If PropertyIf you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. .Step 1 – Market Your Rental Property In PropertyIn order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step :Zillow.comTrulia.comApartments.comCraigslist.orgStep 2 – Showing the Unit Now UnitNow that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step manager).Step 3 – Providing Rental Applications If ApplicationsIf any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step information.)Step 4 – Introducing the Lease Agreement Once AgreementOnce the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: :Names & Mailing Addresses of Both Parties Names PartiesNames of Occupants (individuals who will also be living on the premises that are not registered tenants) Propertytenants)Property’s Address Step AddressStep 5 – Terms of the Lease Within LeaseWithin the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: :Dates of Tenancy Security Deposit Periodic Rent Lease TenancySecurity DepositPeriodic RentLease Type (fixed-term or month-to-month) Use month)Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties business)Penalties (fees for late rent or returned checks) Utilities checks)Utilities (who is responsible for the cost) Step cost)Step 6 – Rules and Provisions Both ProvisionsBoth parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance :ParkingSmokingPetsSublettingNoiseGuestsAbandonmentMaintenance & Repair Notices Early Termination Step RepairNoticesEarly TerminationStep 7 – Signing the Document After DocumentAfter establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlordnotarization.)Landlord-Tenant Laws Each LawsEach state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. .Late Rent Payments Within PaymentsWithin all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. .A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. .A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. .Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM agreement.)STATEMINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No PERIODMAXIMUM FEELAWS AlabamaNo MinimumNo MaximumNo Statutes Alaska No Minimum No Maximum No AlaskaNo MinimumNo MaximumNo Statutes Arizona No Minimum No Maximum No ArizonaNo MinimumNo MaximumNo Statutes Arkansas Five ArkansasFive (5) Days No Maximum § DaysNo Maximum§ 18-17-701(b) California No Minimum No Maximum No CaliforniaNo MinimumNo MaximumNo Statutes Colorado No Minimum No Maximum No ColoradoNo MinimumNo MaximumNo Statutes Connecticut Nine ConnecticutNine (9) Days Although DaysAlthough there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rentrent.§ 47a-15a DelawareFive (5) Days5% of the Monthly Rent§ 5501, § 5501(d) FloridaNo MinimumNo MaximumNo Statutes GeorgiaNo MinimumNo MaximumNo Statutes HawaiiNo MinimumNo MaximumNo Statutes IdahoNo MinimumNo MaximumNo Statutes IllinoisFive (5) Days$20 or 20% (whichever is more)770 ILCS § 95/7.10(a), 770 ILCS § 95/7.10(c) IndianaNo MinimumNo MaximumNo Statutes IowaNo MinimumProperties with rent payments of $700 or less may only have a maximum late fee of $12 per day or $60 a month. Tenants with a rent that exceeds $700 may be charged a maximum fee of $20 per day or $100 per month.§ 562A.9(4) KansasNo MinimumNo MaximumNo Statutes KentuckyNo MinimumNo MaximumNo Statutes LouisianaNo MinimumNo MaximumNo Statutes MaineFifteen (15) Days4% of the Monthly Rent§ 14-6028, § 14-6028 MarylandNo Minimum5% of the Monthly Rent§ 8– 208 MassachusettsThirty (30) DaysNo Maximum§ 186-15B MichiganNo MinimumNo MaximumNo Statutes MinnesotaNo Minimum8% of the Monthly Rent§ 504B.177 MississippiNo MinimumNo MaximumNo Statutes MissouriNo MinimumNo MaximumNo Statutes MontanaNo MinimumNo MaximumNo Statutes NebraskaNo MinimumNo MaximumNo Statutes NevadaNo MinimumNo MaximumNo Statutes New HampshireNo MinimumNo MaximumNo Statutes New JerseyFive (5) business days only for senior citizens receiving social security and individuals receiving disability or WorkFirst benefits. No minimum grace period for individuals who are not under these xxxxxxxxxx.Xx Maximum§ 2A-42- 6 New MexicoNo MinimumNo Maximum§ 47-8-15 New YorkNo MinimumNo MaximumNo Statutes North CarolinaFive (5) Days$15 or 5% of the Monthly Rent (Weekly rentals may charge a maximum fee of $4 or 5% of the periodic rental cost.)§ 42-46(a), § 42-46(a)(1), § 42-46(a)(2) North DakotaNo MinimumNo MaximumNo Statutes OhioNo MinimumNo MaximumNo Statutes OklahomaNo MinimumNo MaximumNo Statutes OregonFour (4) DaysThe landlord may charge a flat fee that is deemed a “reasonable amount” in relationship to the current market. In addition, they can collect a daily fee that is 6% of the flat fee charged, or 5% of the total rent.§ 90.260(1)(a), § 90.260(2) PennsylvaniaNo MinimumNo MaximumNo Statutes Rhode IslandNo MinimumNo MaximumNo Statutes South CarolinaNo MinimumNo MaximumNo Statutes South DakotaNo MinimumNo MaximumNo Statutes TennesseeFive (5) Days (If the final day of the grace period happens to land on a Sunday or holiday, there shall automatically be a one (1) day extension.)10% of the Monthly Rent§ 66-28-201(d) TexasNo MinimumNo MaximumNo Statutes UtahNo MinimumNo MaximumNo Statutes VermontNo MinimumNo MaximumNo Statutes VirginiaNo MinimumNo MaximumNo Statutes WashingtonNo Minimum$20 or 20% of the Monthly Rent§ 19.150.150West VirginiaNo MinimumNo MaximumNo Statutes WisconsinNo MinimumNo MaximumNo Statutes WyomingNo MinimumNo MaximumNo StatutesNSF ChecksAn NSF (non-sufficient funds) check occurs when someone provides a check that bounces. A lack of the needed funds in the account when the payment is attempting to be cashed will result in the financial institution charging the depositor a fee for the failed transfer. As a result of this, the landlord may be entitled to charge the tenant for any fees they incurred and the overall xxxxxx.Xxxx late rent payments, many states enact laws that limit the amount one can charge for this violation. Either way, this fee should be established within the content of the rental agreement prior to its execution. If you are interested in researching your state’s policies on returned checks, review the table below to better understand your rights concerning this matter.STATEMAXIMUM FEELAWS Alabama$30§ 8-8-15(b) Alaska$30§ 09.68.115(2) ArizonaNo MaximumNo Statutes Arkansas$30§ 5-37-307, § 5-37-304 California$25 (Plus $35 for each additional bad check provided.)§ 1719 Colorado$20§ 00-00-000 ConnecticutNo Maximum§ 52-565a(d) Delaware$40§ 1301A Florida$25 for checks of $50 or less. $30 for checks more than $50, but less than $300. $40 for checks more than $300, or 5% of its total value.§ 68.065 Georgia$30 or 5% of the Check’s Amount§ 13-6-15

Lease Agreement. For a person seeking to rent a room in a shared residence. Downloadxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Standard .docx)Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday every day rental transactions. Downloadxxxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Sublease .docx)Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Downloadxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) What .docx)What is a Lease Agreement? A Agreement?A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: :Date of the Agreement’s Origination Names OriginationNames and Addresses of the Landlord & Tenant Property TenantProperty Description (rental unit’s address) Term address)Term of the Occupany Security OccupanySecurity Deposit Amount Required AmountRequired Lease Payments (rent) Once rent)Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease notarization.)Lease Addendums & Disclosures An DisclosuresAn addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. .A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. .General Addendums, Disclosures, & Notices: :How to Lease Residential Property If PropertyIf you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. .Step 1 – Market Your Rental Property In PropertyIn order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step :Zillow.comTrulia.comApartments.comCraigslist.orgStep 2 – Showing the Unit Now UnitNow that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step manager).Step 3 – Providing Rental Applications If ApplicationsIf any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step information.)Step 4 – Introducing the Lease Agreement Once AgreementOnce the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: :Names & Mailing Addresses of Both Parties Names PartiesNames of Occupants (individuals who will also be living on the premises that are not registered tenants) Propertytenants)Property’s Address Step AddressStep 5 – Terms of the Lease Within LeaseWithin the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: :Dates of Tenancy Security Deposit Periodic Rent Lease TenancySecurity DepositPeriodic RentLease Type (fixed-term or month-to-month) Use month)Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties business)Penalties (fees for late rent or returned checks) Utilities checks)Utilities (who is responsible for the cost) Step cost)Step 6 – Rules and Provisions Both ProvisionsBoth parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance :ParkingSmokingPetsSublettingNoiseGuestsAbandonmentMaintenance & Repair Notices Early Termination Step RepairNoticesEarly TerminationStep 7 – Signing the Document After DocumentAfter establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlordnotarization.)Landlord-Tenant Laws Each LawsEach state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. .Late Rent Payments Within PaymentsWithin all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. .A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. .A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. .Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM agreement.)STATEMINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No PERIODMAXIMUM FEELAWS AlabamaNo MinimumNo MaximumNo Statutes Alaska No Minimum No Maximum No AlaskaNo MinimumNo MaximumNo Statutes Arizona No Minimum No Maximum No ArizonaNo MinimumNo MaximumNo Statutes Arkansas Five ArkansasFive (5) Days No Maximum § DaysNo Maximum§ 18-17-17- 701(b) California No Minimum No Maximum No CaliforniaNo MinimumNo MaximumNo Statutes Colorado No Minimum No Maximum No ColoradoNo MinimumNo MaximumNo Statutes Connecticut Nine ConnecticutNine (9) Days Although DaysAlthough there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rentrent.§ 47a-15a DelawareFive (5) Days5% of the Monthly Rent§ 5501, § 5501(d) FloridaNo MinimumNo MaximumNo Statutes GeorgiaNo MinimumNo MaximumNo Statutes HawaiiNo MinimumNo MaximumNo Statutes IdahoNo MinimumNo MaximumNo Statutes IllinoisFive (5) Days$20 or 20% (whichever is more)770 ILCS § 95/7.10(a), 770 ILCS § 95/7.10(c) IndianaNo MinimumNo MaximumNo Statutes IowaNo MinimumProperties with rent payments of $700 or less may only have a maximum late fee of $12 per day or $60 a month. Tenants with a rent that exceeds $700 may be charged a maximum fee of $20 per day or $100 per month.§ 562A.9(4) KansasNo MinimumNo MaximumNo Statutes KentuckyNo MinimumNo MaximumNo Statutes LouisianaNo MinimumNo MaximumNo Statutes MaineFifteen (15) Days4% of the Monthly Rent§ 14-6028, § 14-6028 MarylandNo Minimum5% of the Monthly Rent§ 8–208 MassachusettsThirty (30) DaysNo Maximum§ 186-15B MichiganNo MinimumNo MaximumNo Statutes MinnesotaNo Minimum8% of the Monthly Rent§ 504B.177 MississippiNo MinimumNo MaximumNo Statutes MissouriNo MinimumNo MaximumNo Statutes MontanaNo MinimumNo MaximumNo Statutes NebraskaNo MinimumNo MaximumNo Statutes NevadaNo MinimumNo MaximumNo Statutes New HampshireNo MinimumNo MaximumNo Statutes New JerseyFive (5) business days only for senior citizens receiving social security and individuals receiving disability or WorkFirst benefits. No minimum grace period for individuals who are not under these xxxxxxxxxx.Xx Maximum§ 0X-00-0 Xxx XxxxxxXx MinimumNo Maximum§ 47-8-15 New YorkNo MinimumNo MaximumNo Statutes North CarolinaFive (5) Days$15 or 5% of the Monthly Rent (Weekly rentals may charge a maximum fee of $4 or 5% of the periodic rental cost.)§ 42-46(a), § 42-46(a)(1), § 42-46(a)(2) North DakotaNo MinimumNo MaximumNo Statutes OhioNo MinimumNo MaximumNo Statutes OklahomaNo MinimumNo MaximumNo Statutes OregonFour (4) DaysThe landlord may charge a flat fee that is deemed a “reasonable amount” in relationship to the current market. In addition, they can collect a daily fee that is 6% of the flat fee charged, or 5% of the total rent.§ 90.260(1)(a), § 90.260(2) PennsylvaniaNo MinimumNo MaximumNo Statutes Rhode IslandNo MinimumNo MaximumNo Statutes South CarolinaNo MinimumNo MaximumNo Statutes South DakotaNo MinimumNo MaximumNo Statutes TennesseeFive (5) Days (If the final day of the grace period happens to land on a Sunday or holiday, there shall automatically be a one (1) day extension.)10% of the Monthly Rent§ 66-28-201(d) TexasNo MinimumNo MaximumNo Statutes UtahNo MinimumNo MaximumNo Statutes VermontNo MinimumNo MaximumNo Statutes VirginiaNo MinimumNo MaximumNo Statutes WashingtonNo Minimum$20 or 20% of the Monthly Rent§ 19.150.150West VirginiaNo MinimumNo MaximumNo Statutes WisconsinNo MinimumNo MaximumNo Statutes WyomingNo MinimumNo MaximumNo StatutesNSF ChecksAn NSF (non-sufficient funds) check occurs when someone provides a check that bounces. A lack of the needed funds in the account when the payment is attempting to be cashed will result in the financial institution charging the depositor a fee for the failed transfer. As a result of this, the landlord may be entitled to charge the tenant for any fees they incurred and the overall xxxxxx.Xxxx late rent payments, many states enact laws that limit the amount one can charge for this violation. Either way, this fee should be established within the content of the rental agreement prior to its execution. If you are interested in researching your state’s policies on returned checks, review the table below to better understand your rights concerning this matter.STATEMAXIMUM FEELAWS Alabama$30§ 8-8- 15(b) Alaska$30§ 09.68.115(2) ArizonaNo MaximumNo Statutes Arkansas$30§ 5-37-307, § 5-37-304 California$25 (Plus $35 for each additional bad check provided.)§ 1719 Colorado$20§ 00-00-000 ConnecticutNo Maximum§ 52-565a(d) Delaware$40§ 1301A Florida$25 for checks of $50 or less. $30 for checks more than $50, but less than $300. $40 for checks more than $300, or 5% of its total value.§ 68.065 Georgia$30 or 5% of the Check’s Amount§ 13-6-15 (b) HawaiiNo MaximumNo Statutes IdahoIf the parties cannot come to an agreement on the penalty for a returned check, then the landlord may take the tenant to court for the amount of the check plus $100 for damages, or 3 times the check’s amount.§ 1-2301A IllinoisThe amount of the check plus any fees incurred.720 ILCS § 5/17-1(E) Indiana$27.50 or 5% of the Check’s Amount§ 35-43-5-5 IowaThe amount of the check plus any fees incurred.§ 714.1(6) Kansas$30§ 60-2610 Kentucky$50§ 514.040 Louisiana$15 plus any fees charged by the financial institution.§ 14:71 MaineThe landlord may charge for the amount of the check, bank fees, and mailing expenses.§ 14-6071 MarylandNo MaximumNo Statutes Massachusetts$30§ 62C-35 Michigan$25 for checks repaid within 7 days, $35 for checks repaid within 30 days.§ 600.2952 MinnesotaNo MaximumNo Statutes Mississippi$30§ 97-19-75 Missouri$25§ 570.120 Montana$30§ 27-1-717 Nebraska$10§ 28-611 NevadaNo MaximumNo Statutes New HampshireNo Maximum§ 638-4 New JerseyShould the landlord not be compensated within 35 days of trying to cash the bad check, they may impose a fee of $100 or 3 times the amount on the check.§ 0X-00X-0 Xxx XxxxxxXx MaximumNo Statutes New York$20§ 5-328 North Carolina$25§ 25-3-506 North Dakota$40§ 6-8-16.2a Ohio$30 or 10% of the Check’s Amount§ 1319.16 OklahomaNo MaximumNo Statutes Oregon$35§ 30.701 Pennsylvania$50§ 18.4105e Rhode Island$25§ 0-00-0 Xxxxx Xxxxxxxx$00§ 00-00-00 Xxxxx Xxxxxx$00 § 57A-3-421 Tennessee$30§ 00-00-000 TexasNo MaximumNo Statutes Utah$20§ 7-15- 2 Vermont$5§ 2022 Virginia$50§ 8.01-27.1 Washington$40§ 62A.3-515(b)(1)West Virginia$25§ 61-3-39e WisconsinNo MaximumNo Statutes Wyoming$30§ 1-1-115Security DepositA security deposit is charged by almost every landlord/owner that is renting out property. A security deposit is normally equal to one (1) or two (2) months’ rent depending on the tenant’s credit report, rental history, and state laws. If a tenant damages the dwelling or abandons the lease during the tenancy, the deposit is there to cover any losses incurred by the landlord. If there was no damage to the property and the lease ends, landlords will have a certain timeframe set by the state to return the full security deposit back to the tenant. If there was damage, then the landlord must include an itemized list of repairs that need to be made and deducted from the xxxxxxx.Xxxxxxxx Deposit Return/Refund Letter – Landlords may utilize this form for the purpose of documenting the reimbursement of the security deposit xxxxx.Xxxxxx the data below to discover your state’s policies on the maximum amount a landlord can charge a tenant for the security deposit and the timeframe in which they must return the deposit upon the lease’s expiration.STATEMAXIMUMRETURNLAWS AlabamaOne (1) Month’s RentSixty (60) Days§ 35-9A-201(a), § 35-9A-201(b) AlaskaTwo (2) Months’ Rent (with the exception of properties that have a rent higher than $2,000)Fourteen (14) Days§ 34.03.070(a), § 34.03.070(g) ArizonaOne and a Half (1.5) Months’ RentFourteen (14) Days§ 33-1321(A), § 33-1321(D) ArkansasTwo (2) Months’ Rent (Only for landlords who own six (6) or more rental units.)Sixty (60) Days§ 00-00-000, § 00-00-000 CaliforniaTwo (2) Months’ RentTwenty-One (21) Days§ 1950.5(c), § 1950.5(g) ColoradoNo MaximumSixty (60) Days§ 00-00-000 ConnecticutTwo (2) months’ rent for individuals under 62 years old, one (1) month’s rent for individuals over the age of 62.Thirty (30) Days§ 47a-21(b), § 47a-21(d)(2) DelawareOne (1) Month’s RentTwenty (20) Days§ 5514, § 5514(e) FloridaNo MaximumFifteen (15) Days§ 83.49 GeorgiaNo MaximumThirty (30) Days§ 44-7-34 HawaiiOne (1) Month’s RentFourteen (14) Days§ 521-44(b), § 521-44(c) IdahoNo MaximumThirty (30) Days§ 0-000 XxxxxxxxXx MaximumForty-Five (45) Days765 ILCS § 710/1(a) IndianaNo MaximumForty-Five (45) Days§ 32-31-3-12 IowaTwo (2) Months’ RentThirty (30) Days§ 562A.12(1), § 562A.12(3)(a) KansasOne (1) month’s rent for unfurnished properties, one and a half (1.5) months’ rent for furnished properties.Fourteen (14) days if deductions are made, thirty (30) days for the full deposit.§ 58-2550(a), § 58-2550(b) KentuckyNo MaximumSixty (60) Days§ 383.580 LouisianaNo MaximumOne (1) Month§ 9:3251 MaineTwo (2) Months’ RentThirty (30) Days§ 6032, § 6033 MarylandTwo (2) Months’ RentForty-Five (45) Days§ 8-203(b)(1), § 8-203(e)(1) MassachusettsOne (1) Month’s RentThirty (30) Days§ 186-15B(1)(b)(iii), § 186-15B(4) MichiganOne and a Half (1.5) Months’ RentThirty (30) Days§ 554.602, § 554.609 MinnesotaNo MaximumTwenty-One (21)

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent. § 47a-15a Delaware Five (5) Days 5% of the Monthly Rent § 5501, § 5501(d) Florida No Minimum No Maximum No Statutes Georgia No Minimum No Maximum No Statutes Hawaii No Minimum No Maximum No Statutes Idaho No Minimum No Maximum No Statutes Illinois Five (5) Days $20 or 20% (whichever is more) 770 ILCS § 95/7.10(a), 770 ILCS § 95/7.10(c) Indiana No Minimum No Maximum No Statutes Iowa No Minimum Properties with rent payments of $700 or less may only have a maximum late fee of $12 per day or $60 a month. Tenants with a rent that exceeds $700 may be charged a maximum fee of $20 per day or $100 per month.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. jebepivebalim.pdf Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. 7935268.pdf Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. xxxxxx of seville overture piano pdf States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. contabilidad de costos un enfoque ge A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-to- month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Downloadxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Standard .docx)Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday every day rental transactions. Downloadxxxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) Sublease .docx)Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Downloadxxxxxxxxxx.Xxxxxxxx: Adobe PDF, MS Word (.docx) What .docx)What is a Lease Agreement? A Agreement?A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: :Date of the Agreement’s Origination Names OriginationNames and Addresses of the Landlord & Tenant Property TenantProperty Description (rental unit’s address) Term address)Term of the Occupany Security OccupanySecurity Deposit Amount Required AmountRequired Lease Payments (rent) Once rent)Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease notarization.)Lease Addendums & Disclosures An DisclosuresAn addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. .A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. .General Addendums, Disclosures, & Notices: :How to Lease Residential Property If PropertyIf you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. .Step 1 – Market Your Rental Property In PropertyIn order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step :Zillow.comTrulia.comApartments.comCraigslist.orgStep 2 – Showing the Unit Now UnitNow that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step manager).Step 3 – Providing Rental Applications If ApplicationsIf any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step information.)Step 4 – Introducing the Lease Agreement Once AgreementOnce the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: :Names & Mailing Addresses of Both Parties Names PartiesNames of Occupants (individuals who will also be living on the premises that are not registered tenants) Propertytenants)Property’s Address Step AddressStep 5 – Terms of the Lease Within LeaseWithin the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: :Dates of Tenancy Security Deposit Periodic Rent Lease TenancySecurity DepositPeriodic RentLease Type (fixed-term or month-to-month) Use month)Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties business)Penalties (fees for late rent or returned checks) Utilities checks)Utilities (who is responsible for the cost) Step cost)Step 6 – Rules and Provisions Both ProvisionsBoth parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance :ParkingSmokingPetsSublettingNoiseGuestsAbandonmentMaintenance & Repair Notices Early Termination Step RepairNoticesEarly TerminationStep 7 – Signing the Document After DocumentAfter establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlordnotarization.)Landlord-Tenant Laws Each LawsEach state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. .Late Rent Payments Within PaymentsWithin all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. .A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. .A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. .Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM agreement.)STATEMINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No PERIODMAXIMUM FEELAWS AlabamaNo MinimumNo MaximumNo Statutes Alaska No Minimum No Maximum No AlaskaNo MinimumNo MaximumNo Statutes Arizona No Minimum No Maximum No ArizonaNo MinimumNo MaximumNo Statutes Arkansas Five ArkansasFive (5) Days No Maximum § DaysNo Maximum§ 18-17-701(b) California No Minimum No Maximum No CaliforniaNo MinimumNo MaximumNo Statutes Colorado No Minimum No Maximum No ColoradoNo MinimumNo MaximumNo Statutes Connecticut Nine ConnecticutNine (9) Days Although DaysAlthough there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rentrent.§ 47a-15a DelawareFive (5) Days5% of the Monthly Rent§ 5501, § 5501(d) FloridaNo MinimumNo MaximumNo Statutes GeorgiaNo MinimumNo MaximumNo Statutes HawaiiNo MinimumNo MaximumNo Statutes IdahoNo MinimumNo MaximumNo Statutes IllinoisFive (5) Days$20 or 20% (whichever is more)770 ILCS § 95/7.10(a), 770 ILCS § 95/7.10(c) IndianaNo MinimumNo MaximumNo Statutes IowaNo MinimumProperties with rent payments of $700 or less may only have a maximum late fee of $12 per day or $60 a month. Tenants with a rent that exceeds $700 may be charged a maximum fee of $20 per day or $100 per month.§ 562A.9(4) KansasNo MinimumNo MaximumNo Statutes KentuckyNo MinimumNo MaximumNo Statutes LouisianaNo MinimumNo MaximumNo Statutes MaineFifteen (15) Days4% of the Monthly Rent§ 14-6028, § 14-6028 MarylandNo Minimum5% of the Monthly Rent§ 8–208 MassachusettsThirty (30) DaysNo Maximum§ 186-15B MichiganNo MinimumNo MaximumNo Statutes MinnesotaNo Minimum8% of the Monthly Rent§ 504B.177 MississippiNo MinimumNo MaximumNo Statutes MissouriNo MinimumNo MaximumNo Statutes MontanaNo MinimumNo MaximumNo Statutes NebraskaNo MinimumNo MaximumNo Statutes NevadaNo MinimumNo MaximumNo Statutes New HampshireNo MinimumNo MaximumNo Statutes New JerseyFive (5) business days only for senior citizens receiving social security and individuals receiving disability or WorkFirst benefits. No minimum grace period for individuals who are not under these xxxxxxxxxx.Xx Maximum§ 0X-00-0 Xxx XxxxxxXx MinimumNo Maximum§ 47-8-15 New YorkNo MinimumNo MaximumNo Statutes North CarolinaFive (5) Days$15 or 5% of the Monthly Rent (Weekly rentals may charge a maximum fee of $4 or 5% of the periodic rental cost.)§ 42-46(a), § 42-46(a)(1), § 42-46(a)(2) North DakotaNo MinimumNo MaximumNo Statutes OhioNo MinimumNo MaximumNo Statutes OklahomaNo MinimumNo MaximumNo Statutes OregonFour (4) DaysThe landlord may charge a flat fee that is deemed a “reasonable amount” in relationship to the current market. In addition, they can collect a daily fee that is 6% of the flat fee charged, or 5% of the total rent.§ 90.260(1)(a), § 90.260(2) PennsylvaniaNo MinimumNo MaximumNo Statutes Rhode IslandNo MinimumNo MaximumNo Statutes South CarolinaNo MinimumNo MaximumNo Statutes South DakotaNo MinimumNo MaximumNo Statutes TennesseeFive (5) Days (If the final day of the grace period happens to land on a Sunday or holiday, there shall automatically be a one (1) day extension.)10% of the Monthly Rent§ 66-28-201(d) TexasNo MinimumNo MaximumNo Statutes UtahNo MinimumNo MaximumNo Statutes VermontNo MinimumNo MaximumNo Statutes VirginiaNo MinimumNo MaximumNo Statutes WashingtonNo Minimum$20 or 20% of the Monthly Rent§ 19.150.150West VirginiaNo MinimumNo MaximumNo Statutes WisconsinNo MinimumNo MaximumNo Statutes WyomingNo MinimumNo MaximumNo StatutesNSF ChecksAn NSF (non- sufficient funds) check occurs when someone provides a check that bounces. A lack of the needed funds in the account when the payment is attempting to be cashed will result in the financial institution charging the depositor a fee for the failed transfer. As a result of this, the landlord may be entitled to charge the tenant for any fees they incurred and the overall xxxxxx.Xxxx late rent payments, many states enact laws that limit the amount one can charge for this violation. Either way, this fee should be established within the content of the rental agreement prior to its execution. If you are interested in researching your state’s policies on returned checks, review the table below to better understand your rights concerning this matter.STATEMAXIMUM FEELAWS Alabama$30§ 8-8-15(b) Alaska$30§ 09.68.115(2) ArizonaNo MaximumNo Statutes Arkansas$30§ 5-37-307, § 5-37-304 California$25 (Plus $35 for each additional bad check provided.)§ 1719 Colorado$20§ 00-00-000 ConnecticutNo Maximum§ 52-565a(d) Delaware$40§ 1301A Florida$25 for checks of $50 or less. $30 for checks more than $50, but less than $300. $40 for checks more than $300, or 5% of its total value.§ 68.065 Georgia$30 or 5% of the Check’s Amount§ 13-6-15 (b) HawaiiNo MaximumNo Statutes IdahoIf the parties cannot come to an agreement on the penalty for a returned check, then the landlord may take the tenant to court for the amount of the check plus $100 for damages, or 3 times the check’s amount.§ 1-2301A IllinoisThe amount of the check plus any fees incurred.720 ILCS § 5/17-1(E) Indiana$27.50 or 5% of the Check’s Amount§ 35-43-5-5 IowaThe amount of the check plus any fees incurred.§ 714.1(6) Kansas$30§ 60-2610 Kentucky$50§ 514.040 Louisiana$15 plus any fees charged by the financial institution.§ 14:71 MaineThe landlord may charge for the amount of the check, bank fees, and mailing expenses.§ 14-6071 MarylandNo MaximumNo Statutes Massachusetts$30§ 62C-35 Michigan$25 for checks repaid within 7 days, $35 for checks repaid within 30 days.§ 600.2952 MinnesotaNo MaximumNo Statutes Mississippi$30§ 97-19-75 Missouri$25§ 570.120 Montana$30§ 27-1-717 Nebraska$10§ 28-611 NevadaNo MaximumNo Statutes New HampshireNo Maximum§ 638-4 New JerseyShould the landlord not be compensated within 35 days of trying to cash the bad check, they may impose a fee of $100 or 3 times the amount on the check.§ 2A-32A- 1 New MexicoNo MaximumNo Statutes New York$20§ 5-328 North Carolina$25§ 25-3-506 North Dakota$40§ 6-8-16.2a Ohio$30 or 10% of the Check’s Amount§ 1319.16 OklahomaNo MaximumNo Statutes Oregon$35§ 30.701 Pennsylvania$50§ 18.4105e Rhode Island$25§ 0-00-0 Xxxxx Xxxxxxxx$00§ 00-00-00 Xxxxx Xxxxxx$00 § 57A-3- 421 Tennessee$30§ 00-00-000 TexasNo MaximumNo Statutes Utah$20§ 7-15-2 Vermont$5§ 2022 Virginia$50§ 8.01-27.1 Washington$40§ 62A.3-515(b)(1)West Virginia$25§ 61-3-39e WisconsinNo MaximumNo Statutes Wyoming$30§ 1-1-115Security DepositA security deposit is charged by almost every landlord/owner that is renting out property. A security deposit is normally equal to one (1) or two (2) months’ rent depending on the tenant’s credit report, rental history, and state laws. If a tenant damages the dwelling or abandons the lease during the tenancy, the deposit is there to cover any losses incurred by the landlord. If there was no damage to the property and the lease ends, landlords will have a certain timeframe set by the state to return the full security deposit back to the tenant. If there was damage, then the landlord must include an itemized list of repairs that need to be made and deducted from the xxxxxxx.Xxxxxxxx Deposit Return/Refund Letter – Landlords may utilize this form for the purpose of documenting the reimbursement of the security deposit xxxxx.Xxxxxx the data below to discover your state’s policies on the maximum amount a landlord can charge a tenant for the security deposit and the timeframe in which they must return the deposit upon the lease’s expiration.STATEMAXIMUMRETURNLAWS AlabamaOne (1) Month’s RentSixty (60) Days§ 35-9A-201(a), § 35-9A-201(b) AlaskaTwo

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking looking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard .docx)Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease .docx)Sublease Agreement – For a tenant seeking trying to re-rent their reintegrate his residence to someone else (the “subtenant”). .) The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What .docx)What is a Lease Agreementlease? A lease agreement is a common legal document that allows a person or business company to rent the property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple several years. The primary details of a Main detailsa lease that must be recorded registered within the form include: Date of the Agreement’s Origination Names origin of the agreementNami and Addresses addresses of the Landlord & Tenant Property TenantProperty Description (rental unit’s returnal unit address) Term of the Occupany Security Deposit Amount employment deposit Required Lease Payments amount Locazione payments (rent) Once rent)Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary additional terms to the existing contract. It is important that all parties parts (landlord & better and tenant) sign off on access the document to ensure that they both acknowledge recognize the modifications changes made. A disclosure is a statement that relays transmits specific information to the recipient (typically the tenant) concerning about the rental property. Most timesof the time, these are presented because either local or federal laws require it. General AddendumsAddendums General, DisclosuresDivulges, & Notices: Note:How to Lease Rent Residential Property If you are new to owning own the property or becoming become a landlord, you will need to know the ins and outs of the lease agreement pretty quite well. For professional help, it’s best it is better to hire a landlord & and a tenant attorney lawyer to draft a lease agreement contract for your property. If you wish want to rent out your property yourself and would like want to draft draw up your own lease agreementlease, follow the steps below. Step 1 – Market Your Rental Property In order to rental property To attract interested parties, you have need to make the public aware that you have of having a home house available for rent (whether both that it be is an apartment, condo, house, condominium,etc.). The most effective way to do this these days would be to advertise on a popular real estate listings websitesite. The top main platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step are:Zillow.comTrulia.comApartments.comCraigslist.orgStep 2 – Showing the Hour Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires receiving requests regarding the property. EventuallyIn the end, one of these parties parts will request ask to view see the space in person to see if the home house fits their needs. Schedule Plan an hour and a time and date to have the property shown by you (the landlordowner) or an agent working on your behalf (realtor real or property managerowner). Step 3 – Providing Rental Applications Provide rental applications If any one of the individuals viewing people who view the premises convey communicate that they are interested in leasing renting the residence, a rental application should must be presented submitted at this time to first verify check their qualifications as a tenanttenant first. A rental application is a document that requires requiring specifics concerning regarding the prospective tenant’s current financial status of the tenant potential (particularly regarding especially in terms of their income and credit score), ,) the rental methods of the past rental arrangements, and the criminal background. The information is then analyzed to help determine whether or not they are a viable applicantvalid candidate. (A tenant fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing Introduction of the Lease Locazione Agreement Once the landlord has owner found a tenant that has who satisfied the application process, it will be time to introduce the lease agreement into in the equation. Any tenantstenant, also known as lessees, that asthat will be living live on the property need to must be included in the lease agreementlease. The same goes for applies to the landlord owner (or landlords owners if there are multiple more owners), also called the lessorminor, who controls the rental property. Supplying Providing the information of the lessee and lessor the minor should be the very first part of the agreement. This just entails only means that the participants provide: Names & Mailing Addresses and addresses of Both Parties Names both partiesNami of Occupants occupants (individuals who will also be living on live in the premises that are not registered tenants) Property’s Address Step of the propertyStep 5 – Terms of the Lease Within the leaseConnect terms of the lease is where you will establish the core fundamental elements of the tenancytenancy will be established. The following terms must be discussed, agreed upon, and entered into in the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type TenancySecurity DepositPeriodic Rental type (fixed-term or month-to-month) Use of Property ownership (there will there be an additional purpose aside from in addition to being a residence, e.g. place of businessfor example business place) Penalties Penality (fees for due to late rent payment or returned checksrefunded cheques) Utilities Utility (who which is responsible for the cost) Step cost)Step 6 – Rules and Provisions Both provisionsBoth parties should review all the various different clauses within the lease rental agreement that define the proper code of conduct for the rental propertycode. Each clause contains a language that dictates the rules & and regulations that the landlord and the tenant must adhere to in order to maintain a valid contract. When a rule or a provision is broken, the violating party violator is considered in “"breach of contract” " and the other party may have the right to terminate the agreement if the infraction agreementthe infringement is not addressed within the allotted timeframeperiod of time allotted. Certain Some sections may can be removed or added to the document to better serve the needs of each partypart. Some components parts of the occupancy that occupation you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance parkingPetsSublettingNoiseGuestsAbandonmentMaintenance & Repair Notices Early Termination Step RepairNoticesEarly TerminationStep 7 – Signing the Document After documentAfter establishing the terms & and conditions of the tenancy and recording registering them within the formmodule, it is essential that both parties supply provide their endorsements approvals within the necessary required areas of the contract. Many landlordsowners/management companies utilize use an online signing feature signature function to perform execute signatures. Once signed, each party should retrieve part must recover a copy for their records its registers and the occupancy shall start on occupation begins at the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Law Each state within the U.S. United States has its own rules and regulations regarding landlord-tenant relationshipsrelations with the owners. Refer Please refer to the table below to find out more information about the rental laws of your state’s rental laws. Late Rent Payments Within With all lease agreements, there will be a provision made by stipulating the date in on which the monthly rent payment is to must be paid uponpaid. States across throughout the country have different laws that which are enforceable should applicable if the tenant fail to does not pay the rent on in time. These laws are mostly mainly related to periods of grace periods and feestaxes. A period of grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.landlord

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent.. § 47a- 15a Delaware Five (5) Days 5% of the Monthly Rent § 5501, § 5501(d) Florida No Minimum No Maximum No Statutes Georgia No Minimum No Maximum No Statutes Hawaii No Minimum No Maximum No Statutes Idaho No Minimum No Maximum No Statutes Illinois Five (5) Days $20 or 20% (whichever is more) 770 ILCS § 95/7.10(a), 770

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: Adobe PDF, MS Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: Adobe PDF, MS Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: Adobe PDF, MS Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Unit Now that you have advertised your rental, it is only a matter of time before you will start to receive inquires regarding the property. Eventually, one of these parties will request to view the space in person to see if the home fits their needs. Schedule a time and date to have the property shown by you (the landlord) or an agent working on your behalf (realtor or property manager). Step 3 – Providing Rental Applications If any of the individuals viewing the premises convey that they are interested in leasing the residence, a rental application should be presented at this time to first verify their qualifications as a tenant. A rental application is a document that requires specifics concerning the prospective tenant’s current financial status (particularly regarding their income and credit score), past rental arrangements, and criminal background. The information is then analyzed to help determine whether or not they are a viable applicant. (A fee is commonly required for the tenant to compensate for the cost of processing the information.) Step 4 – Introducing the Lease Agreement Once the landlord has found a tenant that has satisfied the application process, it will be time to introduce the lease agreement into the equation. Any tenants, also known as lessees, that will be living on the property need to be included in the lease agreement. The same goes for the landlord (or landlords if there are multiple owners), also called the lessor, who controls the rental property. Supplying the information of the lessee and lessor should be the very first part of the agreement. This just entails that the participants provide: Names & Mailing Addresses of Both Parties Names of Occupants (individuals who will also be living on the premises that are not registered tenants) Property’s Address Step 5 – Terms of the Lease Within the terms of the lease is where you will establish the core elements of the tenancy. The following terms must be discussed, agreed upon, and entered into the form: Dates of Tenancy Security Deposit Periodic Rent Lease Type (fixed-term or month-to-month) Use of Property (will there be an additional purpose aside from being a residence, e.g. place of business) Penalties (fees for late rent or returned checks) Utilities (who is responsible for the cost) Step 6 – Rules and Provisions Both parties should review all the various clauses within the lease agreement that define the proper code of conduct for the rental property. Each clause contains language that dictates the rules & regulations that the landlord and tenant must adhere to in order to maintain a valid contract. When a rule or provision is broken, the violating party is considered in “breach of contract” and the other party may have the right to terminate the agreement if the infraction is not addressed within the allotted timeframe. Certain sections may be removed or added to the document to better serve the needs of each party. Some components of the occupancy that you may want to cover within this section include: Parking Smoking Pets Subletting Noise Guests Abandonment Maintenance & Repair Notices Early Termination Step 7 – Signing the Document After establishing the terms & conditions of the tenancy and recording them within the form, it is essential that both parties supply their endorsements within the necessary areas of the contract. Many landlords/management companies utilize an online signing feature to perform signatures. Once signed, each party should retrieve a copy for their records and the occupancy shall start on the date issued within the contract. (This does not typically require notarization.) Landlord-Tenant Laws Each state within the U.S. has its own rules and regulations regarding landlord-tenant relationships. Refer to the table below to find out more information about your state’s rental laws. Late Rent Payments Within all lease agreements, there will be a provision made stipulating the date in which the monthly rent payment is to be paid upon. States across the country have different laws that are enforceable should the tenant fail to pay the rent on time. These laws are mostly related to grace periods and fees. A grace period is the duration of time the landlord has to wait before they can charge the tenant for an overdue rent payment. A late fee is a penalty charge imposed on the tenant for not cooperating with terms of the contract in regard to supplying the rent payment on time. Below is a table listing each state’s laws concerning the minimum grace period a landlord must wait before billing the tenant and the maximum fee they can charge. (Landlords and tenants should always record this element of the tenancy within the content of the lease agreement.) STATE MINIMUM GRACE PERIOD MAXIMUM FEE LAWS Alabama No Minimum No Maximum No Statutes Alaska No Minimum No Maximum No Statutes Arizona No Minimum No Maximum No Statutes Arkansas Five (5) Days No Maximum § 18-17-701(b) California No Minimum No Maximum No Statutes Colorado No Minimum No Maximum No Statutes Connecticut Nine (9) Days Although there is no statute, the state’s research report insists that the charge should not exceed 5% of the monthly rent. § 47a-15a Delaware Five (5) Days 5% of the Monthly Rent § 5501, § 5501(d) Florida No Minimum No Maximum No Statutes Georgia No Minimum No Maximum No Statutes Hawaii No Minimum No Maximum No Statutes Idaho No Minimum No Maximum No Statutes Illinois Five (5) Days $20 or 20% (whichever is more) 770 ILCS § 95/7.10(a), 770 ILCS § 95/7.10(c) Indiana No Minimum No Maximum No Statutes Iowa No Minimum Properties with rent payments of $700 or less may only have a maximum late fee of $12 per day or $60 a month.