Currently, most people prefer renting property for residential purposes. Prior to taking possession of such property, there is some vital documentation that has to be completed. One of these documents is the Lease Agreement Form, which should be signed by the tenant and his landlord. This contract form spells out all the terms that both parties are expected to follow once they have signed them.
The Lease Agreement Form should comprise of all regulations connected to how the property may be used, the amount of rent and the date that the rent should be paid. The form can be written down by a legal expert such as a legal representative or a true estate agent. However, you will have to make some expensive payments for the job. If you want to avoid this, you can download a Free Lease Contract Forms from the internet, which do not exclude the important terms that should be entailed in such forms.
The Free Lease Contract Forms normally enclose information on different clauses concerning how the property that is to be rented out should be used. For some regions, they have rules and regulations concerning rent and eviction already laid out by the government. For such cases, the forms are normally customized to go by the rules. They also have spaces where you can fill in the details of the two parties, the date and a place where the two parties will put down their signatures.
Other clauses that are included are payments of electricity bills as well as water bills. In addition to that, there are specifications on who should be held responsible for all necessary repairs that should be carried out regularly. The two parties should have it in their minds that once they have put down their signatures in the forms, then the form becomes legally abiding.
Source by Pinky Savika