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Download rental agreement template in Microsoft Word format.
Ingredients Of An Apartment Rental Agreement Template
The apartment rental agreement template works as a huge source of help for tenants as well as landlords considering a legally tenable agreement. You can find a number of websites providing these templates and most of them are free too. However, some websites may require a fee to be paid before you can download or use their template in any manner.
Before you start out shopping for the apartment rental agreement template, it is important for you to know that rental agreements for commercial properties and residential apartments are significantly different. The standard content that you can find in most of the apartment rental agreement template are the name, contact information and address of both the landlord and the tenant. The property being rented is then described in great detail. Where the apartment is being rented with furniture and fixtures, an inventory is attached to the agreement as an annexure. The fact of this attachment should then be mentioned in the body of the agreement so that it forms part and parcel of the main agreement. A clause requiring the tenant to handover all the furniture and fixtures in good repair is also added. It is a great idea to have a clause dealing with possible damages and the procedure for replacement/recovery.
The apartment rental agreement template you choose should conform to the State Law in force and is generally for a specific period. It is important to note that the state law governing apartment rental may vary from state to state. Some websites have the ability to tune in the template to your state’s specific needs and stipulations.
Care should be taken to mention the monthly rental clearly and the date should be set forth. Penalties if any proposed for belated payment should also be specified in the agreement. Landlords receiving rental deposit should mention this in the body of the agreement and set out the terms governing reimbursement of the deposit. Unpaid rents and recovery against damages are permissible deductions in most states. However, penalty for belated payments may not be permissible in all states.
Utilities provided by the landlord is another area of concern. List out all the utilities provided in the apartment and specify the responsibility for payment of charges. Though tenants are generally required to pay for the utilities it is safer when this fact is mentioned in the agreement. Finally, the apartment rental agreement template should have provision for signatures of the landlord and the tenant as also appropriate witnesses. Most states require this type of agreements to be notarized to make it a wholly tenable document before judicial authorities when need arises. Landlords who need to create this agreement at frequent intervals may want to customize the template to their specific needs. In such instances, it is desirable to go with the paid services so that the benefit of customer support and regular updates can flow to the landlord.