A Residential Lease Agreement is a type of lease contract that is specific to rental residential properties. It can be used to specify all the terms and conditions related to a tenancy, including the obligations and rights of a tenant and his landlord. It can be used for townhouses, duplexes, condos, houses, apartments and various other kinds of residential properties. A lease agreement can be signed for residential as well as commercial properties. Even a generic lease agreement PDF can benefit various organizations or individuals, such as:
Homeowners in search of tenants
It can be very useful for landlords who are looking for renters for their rental property. They can attach related forms to a lease agreement, such as a Rental Application which can be used to gather data for screening possible renters for a property that is to be rented. A Rental Inspection Report can also be attached, which can help in the inspection of the state of the rental property of tenants prior to as well as after tenancy for the evaluation of any damages. Other important documents such as Commercial Lease Agreement, Rent Receipt, Lease Notices and Eviction Notices may also be attached.
This could be the landlord himself, or a property manager appointed by him or any tenant placement service provider agency or individual. A free printable basic rental agreement can benefit property managers as well.
Tenants in need for a rental property
It can also benefit renters who lack a residential premises to live in, and looking for a suitable place to stay in. The tenant might be alone or come with family. The document can also benefit people renting a piece of residential property to friends and / or family members. Renters who want to rent a residential property with a purchase option may also benefit from such an agreement. Forms.legal – A Legal documents website also helps to get a separation agreement for free.