Lease Application for Rent
Essay by review • February 7, 2011 • Research Paper • 3,603 Words (15 Pages) • 1,489 Views
Instructions & Checklist
Residential Lease Agreement
[_] This package contains (1) Instructions and Checklist for Residential Lease Agreement; (2) Information about Residential Lease Agreements; (3) Residential Lease Agreement; (4) Inspection Checklist; (5) Lead Paint Disclosure.
[_] The Landlord must sign the Lease Agreement
[_] The Tenant(s) must sign the Lease Agreement. If there is more than one adult Tenant, all should sign the Lease Agreement.
[_] Generally both the Landlord and the Tenant(s) get an original signed Lease Agreement each. Therefore, if there is one Landlord and 2 Tenants, 3 original leases should be executed (i.e. signed).
[_] The Landlord and the Tenant(s) should conduct a joint inspection before the beginning of the lease.
[_] If a lease exceeds a certain number of years, some states require that the lease be recorded. Recording a Lease would generally also require notarization. The parties should also investigate under what circumstances a Lease may need to be recorded.
[_] Some states require the Landlord and Tenant to conduct an inspection of the premises to be rented, before physical occupancy by the Tenant or before the lease is signed. Even if a state does not require a joint inspection, it is always a good idea to do one.
[_] If the property is built before 1978 property (i.e. pre-1978 property), federal law requires that the Landlord and Tenant (and their Agents) sign the Ð'ÐŽÐ'§Disclosure of Information on Lead-Based PaintÐ'ÐŽÐ'Ð. Federal law requires the Landlord to keep the signed copy of the Ð'ÐŽÐ'§Disclosure of Information on Lead-Based PaintÐ'ÐŽÐ'Ð for a minimum of three years as proof of compliance with the rules. A copy of the Ð'ÐŽÐ'§Disclosure Of Information On Lead-Based Paint and/or Lead-Based Paint HazardsÐ'ÐŽÐ'Ð form is included in this package.
[_] These forms contain the basic terms and language that should be included in similar agreements. The laws in some states require a seller to make additional written disclosures, including disclosures about the condition of the house, the neighborhood, environmental disclosures and any other known problems. Some cities and other municipalities may also have specific disclosure requirements that need to be included. Check with a real estate agent or attorney in your area to determine what additional disclosures, if any, are required in your state or locality. If not required by law, a Buyer may still request the disclosures and try to make them part of the agreement.
[_] Laws vary from time to time and from state to state. These forms are not intended and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used or signed without consulting an attorney first to make sure it fits your particular situation. An Attorney should be consulted before negotiating any document with another party.
[_] The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com
Information
Residential Lease Agreement
Whenever a Landlord (owner of the house or residence) rents a residence to a Tenant, an agreement should be written and signed by both Landlord and Tenant, setting forth the terms of the lease. Such a document is generally called a Lease or Rental Agreement. Many states will consider oral agreements regarding the rental of real property to be invalid and require a written agreement.
Most states also have different laws relating to residential leases, mainly designed to protect tenants from dishonest landlords.
Some states also require that the landlord and tenant conduct an inspection of the premises to be rented, before physical occupancy by the tenant or before the lease is signed. A joint inspection form is useful to document the inspection and can help avoid problems at the end of the lease. Even if a state does not require a joint inspection, it is always a good idea to fill one out. A joint inspection can also help the Landlord justify any security deposit deductions, if warranted.
Different states have different laws regarding the amount and the handling of security deposits. Some states require that security deposit be held in an interest bearing account and that the interest be given to the tenant at the termination of the lease. There are also different time limits in each state as to how quickly Landlords need to give back security deposits to Tenants. Landlords should be familiar with these laws.
If more than one Tenant signs the Lease, all Tenants may be obligated for all the obligations under the Lease if the other Tenant(s) donÐ'ÐŽÐ'¦t perform their obligations.
Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, Landlords must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Tenants must also receive a federally approved pamphlet on lead poisoning prevention. An Environmental Protection Agency's pamphlet entitled "Protect Your Family From Lead In Your Home." can be found at: http://www.epa.gov/opptintr/lead/pyfcameraeng.pdf and at http://www.hud.gov/offices/lead/outreach/leapame.pdf and. Additional information can also be found on the EPA site at: http://www.epa.gov
LEASE AGREEMENT
This Lease Agreement (Ð'ÐŽÐ'§LeaseÐ'ÐŽÐ'Ð) is entered by and between ________________________________________ (Ð'ÐŽÐ'§LandlordÐ'ÐŽÐ'Ð) and ________________________________________ (Ð'ÐŽÐ'§TenantÐ'ÐŽÐ'Ð) on ____________ (Date). Landlord and Tenant may collectively be referred to as the Ð'ÐŽÐ'§PartiesÐ'ÐŽÐ'Ð. This Lease creates joint and several liability in the case of multiple Tenants. The Parties agree as follows:
PREMISES: Landlord hereby leases the Premises located at: ___________________________________________ (complete address of Premises) to Tenant.
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