The Standard Lease Agreement in Detail

 A Lease Agreement is another legal form that should be very well prepared. It should be complete with all the details to avoid unnecessary conflicts or issues in the long run.  

      Thus, it is a must that you understand every single section of the Lease Agreement.

       
  The sections of the Lease Agreement should include the pertinent information such as the following: 

• Persons involved. The names and the signatures of the people involved in the agreement should be clearly stated. The persons involved should be 18 years old and above.
• Lease terms. The lease terms, such as the start and end date of the lease period, should also be clearly specified.
• Terms of payment. The agreement should stipulate the amount of rental payments and deposits. The terms for return of the deposit amount should also be specified. The rules to be followed when the tenant fails to pay or when his payments are delayed are also stated.
• Additional charges. If you are planning on charging some other fees, inform and explain well to the tenant. These charges and the purposes for such should be put into writing through this agreement.
• Responsibilities. The tenant can make this legal form a reference since it states the guidelines on how to use the property as well as the tenant’s responsibilities. For landlords, you it is also best to state what you be taking care of while the tenant stays and so with what you will not be responsible of.

 
    As landlords and tenants, the standard lease agreement should contain the important sections and the pertinent details for each section.

 
  A standard lease agreement is not easy to come up with. It requires much of your time and efforts. But it’s all worth it! Remember that the lease agreement is a binding contract that you (as the landlord) and tenant have to adhere to. If you are not sure of what you came up with, it’s better to seek assistance from a landlord tenant lawyer.