The Ins and Outs of a Basic Rental Agreement

Standardized Legal Documents The Ins and Outs of a Basic Rental Agreement

Draft Your Basic Rental Agreement in the Blink of an Eye

Whether you are a landlord or a tenant, writing a valid contract is a crucial step towards protecting your rights. It’s a legal document the involved parties sign to settle the rent-related terms and regulations. 

A rental contract can be difficult to compose if your knowledge of the law is poor. The good news is—it isn’t impossible. Forget online services that offer suspicious templates or require registration to let you see the samples. Our article will point out the best ways to get a full basic rental agreement with minimum effort! 

Is There a Difference Between Rental and Lease Agreements?

People usually use the terms rental agreement and lease agreement as synonyms. While they share many traits, they are two different documents.


Signing a rental agreement means determining the terms and conditions of the limited tenancy, which usually lasts for a month. These contracts are also known as month-to-month rental contracts, and the parties can renew them every 30 days. The biggest advantage of rental agreements is that the landlords and tenants can make new modifications with each renewal. 

Lease agreements propose a long-term tenancy, and they are the best option if you plan to stay on the particular property for a longer time. The rules usually remain the same during the whole tenancy period.

What Parts Should Every Basic Rental Agreement Contain?

The more relevant information your contract contains, the clearer it will be. Many websites offer short rental agreement samples, but most of them don’t have all the necessary clauses. Below is the table with sections you shouldn’t miss:

Information Details

General information

  • Landlord and tenant names, location, signatures, contact details, and date

Property

  • Property address
  • Short description

Tenancy 

  • Tenancy duration—start and end date
  • Tenancy type—it’s usually a fixed-term contract, so you only need to choose the duration

Rent

  • Payment date
  • Penalties in cases of late or missed rent
  • Monthly rent amount—some states limit the amount landlords can charge their tenants, which is why you should check the local regulations and act according to them
  • Security deposit information—the amount, deadline for returning the deposit, etc.

Utility bills

  • Determines which party should take care of utility payments

Duties and obligations

  • Repairs
  • Pet policy
  • Subletting
  • Alteration of the premises
  • Potential visitor restrictions
  • Cleaning and maintenance
  • Potential contract changes

Term violation

  • Types of violation—damage, missing payment, or breaking any other stated term or condition
  • Violation consequences—additional fees, lawsuits, etc.

Why Is It Necessary To Sign a Basic Rental Agreement?

You should consider signing a basic rental agreement because it:

  1. Gives you peace of mind—Verbal agreement isn’t enough to protect your rights. With a written agreement, you can sleep peacefully knowing that all the terms are stated in a legally binding document. Even if an incident happens, you will know how to deal with it
  2. Explains all the rules in detail—Including as many details as possible while composing your contract will provide you with clear rent-related guidelines. You can consult your agreement whenever you are confused or unsure about some regulations and solve your dilemmas quickly
  3. Helps you avoid arguments—As long as all the terms and conditions are clear, you can find a common language with your landlord/tenant and prevent misunderstandings

Make Your Rental Agreement in a Flash With DoNotPay

Do you want to get a detailed rental agreement without wasting dizzying amounts on legal services? If so, DoNotPay will make your day better! 

You don’t need to spend hours searching for the contract templates only to find out that they are incomplete. We have developed an AI-powered system that creates various types of agreements and legal documents in only a few taps. 

To use our help, follow the instructions below:

  1. Sign in to DoNotPay in your preferred web browser
  2. Find the desired document by using the search box
  3. Answer a few easy questions from our chatbot

Once you submit the basic info about your case, we will provide you with a personalized document that comes into effect as soon as you sign it!

With us, there are no limits. DoNotPay allows you to create as many documents as you wish. Get some valuable advice from our knowledge base regarding:

What Types of Documents Can You Create With DoNotPay?

Check out the list of all standardized legal documents available on DoNotPay:

  1. Bill of Sale
  2. Quitclaim Deed
  3. Promissory Note
  4. General Affidavit
  5. Estoppel Certificate
  6. Prenuptial Agreement
  7. Non-Compete Agreement
  8. Non-Disclosure Agreement
  9. General Business Contract
  10. Child Custody Agreement
  11. Intent to Purchase Real Estate
  12. Independent Contractor Agreement
  13. LLC Operating Rules Document
  14. Residential Lease Agreement

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