Be Precise—Make a One-Page Lease Agreement in a Snap!
Do you want to rent out your property to a potential tenant and protect your legal rights and obligations in the process? A lease agreement is the answer!
Lengthy docs can be confusing because they contain too much irrelevant information. Create a one-page lease agreement for a concise and easily understandable deal.
Drafting legal documents can be challenging, so it is crucial to understand how a specific contract works to avoid mistakes. Don’t know the first thing about writing a contract? We come to the rescue! DoNotPay can help you figure out everything you need to know about one-page lease agreements and get the best out of legal documents!
A lease agreement regulates the relationship between a property owner and a tenant. It includes information, such as the rent amount, lease duration, security deposit, sublease options, and pet policy.
The primary purpose of a lease agreement is to protect the rights of both the lessee and the lessor. It also serves as a starting point for conflict and dispute resolution.
There are two main types of leases:
- Commercial lease—Used when renting an office, warehouse, or industrial property to operate a business
- Residential lease—Used when renting an apartment, house, or portion of the house
Although they seem to be the same, these two agreements are quite different. Here are a few key distinctions:
|Lease agreement||Rental agreement|
|Long-term||Short-term, usually from month to month|
|Needs to be manually renewed||Automatically renewed until the tenant decides to cancel|
|You can’t change the terms of the agreement until the contract ends||You can change the terms and conditions at the end of every rent period|
|Stable occupancy||Frequent tenant turnover|
It’s advisable to consult a legal expert before making a lease agreement. If you want to save money, look for free contract templates online, but don’t take them at face value. They tend to be outdated and don’t provide you with the option to personalize your document.
There are many necessary sections to include in your lease agreement:
|Key elements||Brief explanation|
|Information of both parties||Names, addresses, contact information, and Social Security numbers of the lesser and the lessee|
|Particulars of the lease||
|Breach||This section determines what counts as a breach and what can fix it. Possible remedies include:
|Termination clause||Lease arrangements should contain a termination clause, so tenants can request an early termination without any penalties|
|Signature||Signatures of both parties to confirm they have understood the terms and conditions|
Other provisions that you add to the document include:
- Entry to rental property
- Restriction on illegal activities
The biggest drawback of drawing up a contract yourself is that you risk omitting crucial provisions, which can make your contract void or put one party in an unfavorable position. Since you can’t change the document mid-lease, you would have to wait until it expires to make the necessary amendments.
The guilty party can face serious legal consequences if they breach a lease contract. If the tenant is in violation, they can get a negative credit rating making it difficult to look for new properties. If any party needs to terminate the contract, they should consult with the other party to find an acceptable solution.
Do you want to create a lease agreement easily and without spending a fortune on lawyers? Use DoNotPay! For a small monthly fee, we can draw up a lease agreement within minutes! Here’s what you need to do:
- Sign up for DoNotPay
- Enter the name of the contract in the search box
- Answer our chatbot’s questions to personalize the document
We will generate your lease agreement and send it to you. You can download, print, and sign it.
Check out other contracts and agreements we can compose:
- Property documents
- Business documents
- Personal documents
Can’t spot the agreement you’re looking for? We’re continually updating with new documents, so stick around to find out more!
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