Not only does a residential lease agreement keep everyone on the same page, it’s also a binding, legal document that is enforceable by law. This type of contract is a form of protection should any issues arise down the road, so it’s crucial to include all necessary components and be as thorough as possible when creating yours.
You should use an apartment lease only for residential properties. Commercial or retail real estate requires a commercial lease agreement.
Similarly, a house rental agreement might have many parallels to an apartment rental agreement, but different property types warrant their own unique contracts. For example, a house lease needs a section on lawn maintenance and other household repairs, while apartment maintenance is more likely to be handled by property managers or the building’s property management company.
In addition to the cost of the apartment per month, be sure to include the due date of each month’s rent payment and all acceptable methods of payment.
Check the federal law as well as your local and state laws to make sure you share all legally required information with your prospective tenants, from fire codes to lead paint disclosures.
Whether you need to create a rental application or duplicate a rental lease agreement template, you can streamline all your leasing documents by going paperless. E-documents save you money and precious time in transit, and with Adobe Acrobat Pro, you can collect e-signatures from anywhere on any device.
When it’s time to renew the lease, there’s no need to draft and print a new one. Simply resend the agreement to your renters in one click. Then track its progress from any device.