Michigan Commercial Lease Agreement Template The Michigan commercial lease agreement commits a landlord and a business tenant to a binding contract for retail, office, or industrial space. Receipt of Agreement – The lease is not valid unless all parties have received receipt and acknowledgment of the lease. In an effort to curb any wild animals the lease should mention the exact types of animals and how many are allowed on the property. The landlord is highly recommended to run a background of the tenant’s credit, background, and criminal history. This is common with tenants with no or bad credit history. Late Charges – Electing to have a late fee is a way landlords try to penalize a tenant for not paying their rent in a timely manner. Download and edit a standard lease or a month to month agreement form for your specific state by clicking on the image below: Sample Month to Month Lease Agreement Two. Some States have limits on how much a landlord may charge but it is always recommended to have a fee. It can be deducted if there is damage found at the end of the lease, except for normal wear-and-tear. As a landlord, it is important to have any lease term end in a seasonally beneficial time period so if the tenant does not renew, you can find a replacement relatively quickly. If a fixed lease, there will be a start and end date. The late fees or the maximum amount a landlord may charge for late rent is not defined in most States. If the landlord chooses not to renew, the tenant will be required to move-out and provide their forwarding address. They will commonly have to pay the prorated amount of rent based on the number of days they moved in early. This may be completed by a new roommate or as a collective group. Since it is a legal document, it has to be very carefully created.But that is not always an easy task. Room Rental Agreement Template: Free Download, Create, Edit, Fill and Print. (11) If there are any furnishings, such as couches, chairs, beds, curtains, etc. 1. Rent and Lease Template. Available in A4 & US Sizes. Pet Deposit – The pet deposit is what you collect for potential damages that might arise from a tenant having a pet within your rental. (5) Enter all the names of the occupants. (6) The mailing address of the property (include the apt # (if any)); (7) Residence type (Apartment, House, Condo, Other). Month-to-Month Lease Agreement – Also known as a “tenancy-at-will” it allows the tenant and landlord to have a binding arrangement that may be altered with thirty (30) days’ notice. 4. All rights reserved. Guests – This is the section that notes and describes the maximum amount of guests a renter can have on the property at anyone time. Make sure that all parties have received a copy and the form will become legally valid. (31) Although not required, it’s highly recommended that the tenant’s address is also entered for notices (most commonly is the address of the premises). Condominium (Condo) Rental Agreement – Residential unit that is owned by an individual in a complex with other individually owned residences. If there is a fee, enter the amount per occurrence. (21) If there is a security deposit, it should be selected and the amount entered. A rental agreement (or, more commonly, a lease) can protect both you and your tenants by setting expectations upfront and putting forth the property’s rules and requirements. Making your own room rental agreement template can be beneficial, for a number of important reasons. Roommate (Room Rental) Agreement – For a roommate seeking others to join in paying rent in a residential unit together. Free Rental Lease Agreements | PDF & Word Templates Download residential and commercial leases that allow a landlord and tenant to come to a binding agreement over the use of property upon terms such as start & end date, monthly rent, utilities, parking, common … A rental agreement or a lease agreement is a contract between two or more parties that defines the partnership terms and how the profits will be shared among them. (24) If the landlord would like the option for the tenant to move out upon the sale of the property, it should be selected. Alterations – Most landlords do not allow modifications to the property. 2 months’ rent, for tenancy-at-will only 1.5 months’ rent, 30 days if no deductions, if deductions then an additional 30 days, 1 month’s rent for no pets, 2 months’ rent if pets, 14 days if no deductions, 45 days if deductions, 60 days unless the property is re-rented within 45 days, then immediately, 30 days from lease termination or 15 days from receiving the tenant’s forwarding address, whichever is lesser, 24 for non-emergency, 48 hours for the move-out inspection, On the due date in the lease, but there is a 5-day grace period before a late fee may be imposed, On the due date in the lease, but there is a 4-day grace period before a late fee may be imposed. All other utilities will be paid by the tenant. Occupants are individuals that will be living on the premises but are not on the lease such as children, family members, etc. The main lease topics are as follows (alphabetical). Details like the amount of rent, security money and time of termination will be mentioned in the agreement. This will give the landlord an idea of the character of the individual(s) and if they are going to be quiet or noisy neighbors. Parties – In the first (1st) paragraph the parties should be introduced. PROPERTY: TENANT agrees to rent from LANDLORD and LANDLORD agrees to rent to TENANT (the PREMISES). If there is late payment by the tenant the landlord has a couple of options. Download: Adobe PDF, MS Word (.docx), OpenDocument. 5. House Rules – Mainly for roommate situations, if there are any house rules such as cleaning times, common areas, quiet times, or any other regulations it should be listed. If the offer is conditionally accepted, the landlord will move ahead and ask for the tenant to complete a Rental Application and pay a small fee (commonly used to only cover the cost of showing the property and run a background check). If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. 30 days if deductions, 15 days if no deductions, 30 days if stated in the lease, 21 days if not, 30 days if deductions, 45 days if no deductions, 1 month’s rent (unfurnished), 1.5 months’ rent (furnished), 30 days if the lease is fixed-period, 21 days if tenancy-at-will, 30 days if deductions, 10 days if no deductions, 1 month’s rent or $100, whichever is greater, 30 days, 20 days if the property is shared with the landlord. If the tenant(s) meet the landlord’s qualifications a lease should be drafted (Instructions – How to Write). For a Just because it is a legal contract does not mean that you need to make is confusing. Details. Weekly Rental Agreement – A tenant who resides in residential space with rent being paid every seven (7) days. The New Mexico residential lease agreement (“rental agreement”) formalizes an agreement between a landlord and tenant to rent real property in exchange for a fee. Due to certain communities taking a stand against allowing private residences being rented, there has been legislation proposed in many areas of the country that prohibit or tax this type of leasing. Landlord’s Name & Address (required for all) – Every Kansas lease must disclose the contact information for the owner and/or agent(s) authorized to act on the rental unit’s behalf for the purpose of serving legal notices. Rental Lease Agreement Templates | Residential & Commercial Create a high quality document online now! This gives the tenant a certain amount of time to handle the issue or face eviction action. At the end of the lease period, the landlord will decide whether or not to renew the lease. For a fixed term such as 12 months. The landlord must send the security deposit back to the tenant, less any deductions, in accordance with security deposit returning laws. Some of the basic terms you should be aware of that are used in rental agreements are the following: Lease Term – This is the length of the lease. When writing a lease agreement, it is best to have the main items, such as rent and the length of the lease, to be pre-negotiated between the parties to avoid the chance of having to re-write the document. (32) If the landlord has an agent or manager that maintains the property, their name, telephone, and e-mail should be entered. Download: Adobe PDF, MS Word, OpenDocument, (2) Landlord’s name and mailing address; and, (4) Decide whether this is a fixed lease or a month-to-month lease. Use the following resources to conduct your search: The landlord should contact past employers, past landlords, and any non-family references provided in the application. Utilities – Most long term rentals do not pay for all utilities for the tenant. The security deposit is usually 1 to 2 times the amount of the monthly rent and is returned to the tenant at the end of the lease term if nothing has been broken or damaged. No limit for all others. It is legal and hence enforceable against everyone who have signed the agreement. As always, it is important to review your local renter / tenant laws with a local real estate attorney before giving any rental agreement to a potential tenant. Read on and be informed of the significance of having even a simple room rental agreement between landlord and tenant: To Clarify the Legal Rights of the Tenant. The document must follow all State Statutes and contain all disclosures as provided by law. Rental Agreements are quite critical to document your property rent either residential or commercial. In California for example, this is a required to be stated in the lease. From start to finish, follow this simple guide to properly lease residential property. Utilities – The landlord may opt to pay all, some, or none of the tenant’s utilities. Conditions (Additional) – If there are any other items that have not been mentioned then they should be listed lastly and before the signature area. 4 Printable Lease Agreement Templates for Landlords and Tenants, Understanding Landlord Harassment: What You Need to Know. First, the landlord may accept a late fee for the delay in payment. For Example – If a tenant decides to paint the apartment red and the original color was white, usually the landlord will ask for the tenant to simply pay for the property to be repainted. (20) The proration period is selected if the tenant wants to move-in before the lease start date. A grace period protects the tenant from being charged a late fee or being evicted during such time period. Below are a variety of basic rental agreements in Word you can use and update on your own. State-Specific Templates Sample Filled in copy: If you’re not sure what to write or type in any of the blanks of the lease, we’ve prepared a sample copy below on the next page. Clarify Who Is Involved. Be sure to check with a local real estate attorney or real estate agent before listing your property for rent. The verbal offer will usually be in reference to a monthly rental amount. Commercial Lease Agreements – For the use of any type of retail, office, or industrial space. In most cases, the tenant would have to be responsible for paying the remaining rent due. Move-in to the property and perform a move-in inspection and write down all damage that exists. So write an agreement that both parties will understand and abide by. Second, and depending on the State law, the landlord may give a Notice to Pay or Quit stating the landlord has the right to terminate the lease if the tenant does not pay by a specific date. Sublease (Sublet) Agreement – The renting of space a tenant has to someone else. Sub-Letting – The act of subletting is the tenant acting as the landlord and re-leasing the property to another individual, also known as the “sublessee”. Rent and Lease Template. Hunting Lease Agreement – For individuals that would like to hunt on someone else’s private land. Instantly Download Free Lease Agreement Templates, Samples & Examples in Microsoft Word (DOC) Format. If pets are allowed, the landlord can limit the number of pets, types, and how much they weigh. (27) Lets the landlord set the smoking policy on the premises. JotForm offers you free Event Facility Rental Agreement template. Furnishings – If the property was furnished upon the tenant moving-in, all items should be listed such as couches, beds, chairs, desks, musical instruments, and any other valuable items. One (1) Page Lease Agreement – For residential use as a simple agreement between a landlord and tenant. For example, if there are 6 months left on the rent, the tenant is responsible for paying the remaining 6 months plus any other early termination fees. Download: Adobe PDF, MS Word (.docx), OpenDocument. Please be aware that our agents are not licensed attorneys and cannot address legal questions. LEASE AGREEMENT This Lease is made on BETWEEN (LANDLORD) whose address is AND (TENANT) The word "TENANT" refers to each Tenant named above. “All contracts for rent shall bear interest from the time the rent is due”. (12) If the landlord has any appliances on the premises such as a microwave, refrigerator, washer, dryer, etc. (25) Enter all utilities that the landlord will be responsible for during the term of the lease. A landlord will usually allow this for a fee of one (1) month’s rent. Parking – If there is parking on the premises the landlord may or may not offer a spot for the tenant. A rental agreement or lease is a contract that outlines an arrangement between a landlord that owns a property and a tenant willing to pay rent for its use. (10) Enter the use(s) for the premises. (16) Enter whether or not there will be a fee ($) if the tenant pays with a check with non-sufficient funds (NSF). A Sample lease is a legal document which is presented in writing and represents the parties and cover their lease agreement over a piece of property that could be an apartment, a car or a contract. Paper size: The LPA Basic Rental Agreement is a short basic version of a rental agreement for very basic simple agreement. Although, the rent is still considered late and will reflect negatively on the tenant’s rental history. Download: Adobe PDF, MS Word (.docx), OpenDocument. File Format. 16. Parking Space Rental Agreement – Make a contract to park an automobile, recreational vehicle (RV), all-terrain vehicle (ATV), or motorcycle. The Maryland commercial lease agreement is a legal contract that binds an individual or entity to make monthly payments to a landlord in exchange for the use of office, industrial, or retail space. This Blank Lease Agreement Sample is made when the owner is giving his property to a person or family for a stay or gave it for the purpose of business with the exchange of rent. Governing Law – Leases are governed on a State by State basis. Notices – If the tenant or landlord violates any part of the lease the parties should both have addresses (mailing and/or e-mail) of where each may be able to send a notice. If there is, there is usually a termination fee or cost to the tenant. This is mainly used so the tenant does not have their security deposit be wrongfully deducted for damages not conducted by the tenant. $15 or 5% of the monthly rent amount, whichever is greater. Termination – In most lease agreements, there is no termination clause. Rent and Lease Template. The California residential lease agreement (“rental agreement”) is a binding agreement between a landlord (“property owner“) and tenant (“occupant“) to rent residential property in exchange for rent payment. Simple Rental Lease Agreement Template If you are looking for a basic, standard or simple rental agreement in a Word document, there are many to choose from. This template is a brief visual summary of the event facility rental agreement's details. A month-to-month lease agreement (“tenancy at will”) is a legal contract between a landlord and tenant for the rental of real property with a monthly pay period and no specified end date. (19) If the tenant is required to pre-pay rent in advance it should be selected. Pets – If animals are allowed on the premises it should be stated. Rental Application – Used by a landlord to collect a tenant’s personal information and obtain consent to run a credit report. No maximum, although it must be stated in the lease. It can be terminated with proper notice, which varies by state. Make sure to sign and send it to the landlord. Create Document. We have sharing several Rental Agreement Templates just to help you prepare your own agreement quickly. Most states vary by rental law but all of them abide by the fair housing act. Governed by California landlord-tenant law, the contract has terms and conditions describing the duties of each party. Month-To-Month Rental Agreement. A standard residential lease agreement is the most widely used landlord-tenant contract for renting residential property. 1 month’s rent for 1-year leases. The landlord and tenant should meet to discuss the specific terms and conditions of the lease, mainly consisting of the: The lease is not required to be witnessed (although it is always recommended to have at least one). PDF; Size: 260 KB. Prior to authorizing a lease, the landlord may request the tenant’s credit and background information to ensure they can afford the rent amount. Non-Renewal Letter – To inform a tenant that the landlord does not wish to renew or extend their lease. Below are … After a lease is signed by both the landlord and tenant, it becomes legally binding until the end of its term. Download. Family Member Rental Agreement – When a relative comes to live in the same home as a family member. Most States have required disclosures that the landlord must give to the tenant. There are two (2) types: Termination – In most standard leases there is no option for the tenant to cancel the lease. 5 Tips on Marketing Rental Property with Social Media, How to Write Real Estate Ads That Appeal to Real Renters, Five Pieces of Furniture Landlords Must Include in Fully Furnished Apartments, Why You Should Prioritize an Open House Sign-In Sheet, BiggerPockets Podcast – Student Rentals, Multifamily, & the Silent Cash Flow Killer, Smart Homes and Integrations Within the Rental Industry, 5 Little Known Real Estate Investing Tips. Landlord’s access is the right to enter the property of the tenant with sufficient notice. In the event there is an option, usually, it will come at a fee or cost to the tenant. The contact details, the event details such as event date, start and end time, setup-wrap time, the number of guests expected, and the payment details of the service can be found. Landlordo is your source for rental news, tips, technology and more. Here is a good looking and brief Room Rental Agreement Template in MS Word format to help you sign a Room Rental Agreement. The rental agreement should be written in a clear but simple language. For example, if it’s a home in a commercial zone the tenant may be able to run a business from the premises. Take a look at your local state laws as some states put a cap on the amount of security a landlord collect. A specific, detailed lease may mitigate disputes and misunderstandings as well as … Use the Right to Entry Form and can be given to an occupant on the property, posted or placed under their door, or mailed to them (6 days before entry date). Most will provide some, such as water/sewer, but most will elect the tenant to decide for themselves whether cable, internet, and any other they decide to have. And if alterations are completed by the tenant that they should be returned back to the original status at the start of the lease. 5% of the monthly rent amount, charged once for each succeeding 5-day period, Detailed Background Check ($35 per screening) –. With the popularity of sites like Airbnb, it is essential to have the right sub-letting language within your agreement. If there is a violation committed by the tenant that is unrelated to late payment then the landlord may give the tenant Notice to Comply or Quit. Simple Room Rental Agreement Sample. Our support agents are standing by to assist you. Most long term lease arrangements are at least 1 year but some terms can be month to month. If the rent is greater than $700/month, the late cannot exceed more than $20/day or $100/month. Rental Agreement Templates. A rental agreement is an important document designed to protect both landlords and tenants. Security Deposit – The amount that is due at the time of lease signing. Maryland Commercial Lease Agreement Template. Some states have limits on the amount a landlord can charge on late fees. This is a good section to have to discourage parties and loud noise. Term – This is the length of the lease, and should be described. The deposit can be lost if the tenant cancels the lease or eviction. As a landlord, you can make property management easier with JotForm’s Basic Rental Agreement PDF Template. Guests – A maximum number of people that the tenant is allowed to have on the property should be included as to not encourage constant parties or loud neighbors. A standard rental agreement must be able to point out the names of those … It helps both parties to safeguard their rights and concerns regarding this transaction. Must be a “good faith estimate of the damages likely to be suffered by the landlord in the case of a late payment.” Also, the late fee must be written in the lease. A rental agreement or lease is a contract that outlines an arrangement between a landlord that owns a property and a tenant willing to pay rent for its use. The best month to have your lease renew is during the typical moving months of June, July and August. Standard Residential Lease Agreement – Typically for a one (1) year period but can be for any fixed period. (33) If the premises was built prior to 1978, according to federal law, the lead-based paint disclosure form must be attached to the lease. Laws in the real estate and property management differs from one state to another and even state, so, it is important that you understand the laws in the contracting area. This is not allowed in most leases, although if it is allowed, usually requires the written consent of the landlord to ensure any new sublessee is credible. A Lease vs Rental Agreement: What Are the Differences? Kansas Required Lease Disclosures. Renewal Letter – To renew a lease and make any changes to the agreement such as monthly rent. Easily Editable & Printable. (18) If the first month’s rent is due at lease signing or on the 1st day of the lease term. 1 month’s rent for leases 1-year and under. (34) If there are additional terms and conditions that need to be written they can be in this section. Commercial Lease Agreement Template: Download, Create, Edit, … (23) Mark whether or not the landlord will provide parking on the premises. On the search for specific, professional, and printable private lease agreement samples?We can help you hasten your work. Move-in Inspection Checklist – Use to walk around the property and list any damage to the property. deemed part of this rental agreement, and a violation of any of the house rules is considered a breach of this agreement. Security deposit (if required), 1st month’s rent, and any pro-rated rent (if the tenant is moving-in before the lease start date). If there is a late fee, enter when rent is considered late and the fee for each occurrence or day rent is late. If the rent does not exceed $700/month, the late fee cannot exceed more than $12/day per day or $60/month. a written document that officially recognizes a legally binding relationship between two parties — a landlord and a tenant Late Charges – If a landlord elects, they can a penalty for renters who do not pay their rent on time. Tenancy agreement A tenancy agreement is almost similar like rental agreement paper where a contract is made between two parties (tenant and landlord). Common terms and conditions included are the length of the occupancy, the amount of the periodic payment, and restrictions on the use of … This is to ensure that upon move-out that the tenant does not vacate with the property of the landlord. This Commercial Lease Agreement PDF template provides the basic essential elements in a Commercial Lease Agreement, such as the name of the parties, the subject property to be leased, the period of lease, amount, the purpose of the lease and its restrictions. From A to Z, use the glossary to know specific terms of a lease agreement. If you are looking for more customizable rental lease agreements, you can use some of the below paid and free services that walk you through the rental agreement process. … © 2020 Electronic Forms LLC. At the time of authorization the landlord and tenant should exchange the following: Access (keys) to the premises and all common areas (unless the occupancy does not occur until a later time). This lease is valid for some specific time and tenant has to leave the house after that if asked by the owner. (28) Establish a pet policy. Maintenance – In certain situations, such as the renting of a single-family home, the landlord or tenant may be obligated to conduct timely property upkeep such as lawn care, snow plowing/shoveling, etc. If the landlord is to provide parking, enter if there is a fee or not for each vehicle. housing.ucsc.edu. (29) It is highly recommended to detail in the lease whether or not waterbeds are allowed. This is a free rental agreement template that can be used to create a rental agreement for various kinds of properties by entering specifics of the agreement in the template. Insurance (Bond) – The landlord is recommended, and required in some States, to disclose the type and amount of insurance are covered on the tenant’s behalf. Property Description – In the following paragraph the address of the premises should be described thoroughly including the number (#) of bedrooms, bathrooms if the property is shared, common areas, and any other details that should be written. Some basic utilities like trash and water may be included in the rent but other utilities like gas, electricity, internet and cable is usually the responsibility of the renter.