A rental agreement is often called a lease, especially when real estate is rented. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues. The real estate may be rented for housing, parking a vehicle(s), storage, business, agricultural, institutional, or government use, or other reasons.
There will certainly be a requirement to show a driver's license, and only those drivers appearing on the contract may be authorized to drive. It may include an option to purchase auto insurance (motor insurance, UK), if the renter does not already have a policy to cover rentals—another important consideration for multiple drivers. Some agencies may even require a bond payable if the car is not returned in order, often held in the form of a credit-card authorization—voided if the car is returned per agreement. A renter should be advised that he or she will be responsible for any parking or traffic violations incurred upon the vehicle during the rental period. There should also be advice on handling thefts, accidents, break-downs, and towing.
I _________________________ (print customer name) agree to pay BicyclesMcW $ _________ (include full rental charge) plus applicable taxes for the _________ (indicate # of hours/days) rental of _____ (indicate quantity) x _________________________ (indicate year, make, model and serial number). The agreed upon Return Date & Time is __________________ (indicate day/month/year) @ _________ (indicate time am/pm).
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From the tenant's perspective, the advantage to this kind of lease is that they don't have to pay the purchase price up front. If the Tenant cannot qualify for a loan, then they have the option of purchasing the property at a later date when their finances are more secure. In addition, the purchase price may be fixed, so the tenant does not have to worry if the real estate market fluctuates.

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Only tenants and people listed as occupants may reside in the premises. The landlord must be informed and approve of any change to the list of permitted tenants. Children born or adopted while the tenant lives in the premises are automatically added to the lease as occupants. Also, each jurisdiction may restrict the number of tenants/occupants in the premises if that number violates health or safety standards for housing. Health and safety standards are typically expressed as 1 person per X sq. ft. The standard varies from jurisdiction to jurisdiction so if you are concerned, check with your local housing/public health authority.
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The lease should be reviewed for early termination clauses that allow for it to be broken with no penalty. If no clauses are found, the tenant may attempt to have legal clauses added to allow for the lease to be broken without penalty. Clauses are provided at the discretion of the landlord, or property management company if acting on the behalf of the best interest of the landlord. Dependent on the reasons for the tenant to break the lease, some states provide options that would not hold the tenant liable even when not stated in the Standard Residential Lease Agreement.


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“Just pay what you think is fair,” or a number written on the back of a napkin is not an option. This document should explicitly list the monthly rental amount. If you are unsure of what the going rate is for a place, check out Zillow. You can also include the terms of whether the rent may be subjected to changes in future, using a Notice of Rent Increase.
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In addition, some leases may contain penalty clauses whereby the tenant is required to pay "re-rental fees" to cover part of the cost of the landlord having to re-rent the premises. However, the amount of the "re-rental fee" has to be reasonable and must be a pre-estimate of the damages that the Landlord will suffer in having to re-rent the premises early.
A lease agreement is beneficial for many reasons. It clarifies the obligations of both parties during a residential tenancy so each person knows what is expected of them during the rental relationship. For example, the tenant may be responsible for paying rent on the first of every month, while the landlord is expected to keep the property in good condition.
Each year, the Canada Mortgage and Housing Corporation (CMHC) releases a widely-covered report on the housing outlook in Canada. Their most recent release included a special section entitled, “Special Report: Rental Market 2012.” For Canadians in the rental market and users of RentQuebecApartments.com, this certainly provides a unique look at all the rental properties the [...]READ MORE
Section 4. On signing this Lease Agreement, the Tenant will pay to the Landlord the sum of $Security Depositas a security deposit for the performance by the Tenant of the terms of this Lease Agreement. The Tenant may not apply the security deposit to the last month’s rent or to any other sum due under the Lease Agreement. Within 15 days after Tenant has vacated the Premises, returned the Furnishings and keys, and provided the Landlord with a forwarding address, the Landlord will return to Tenants the $Security Deposit deposit that Tenant delivered to Landlord. In the event of damage other than ordinary wear and tear to the Premises, the Furnishings, or the buildings and its furnishings of which the Premises are a part of the Landlord shall not be limited to this security deposit fund and the Tenants remain liable.
Negotiating a lease agreement is determined by a multitude of factors starting with market conditions and how the property is priced versus other rentals in the area. The landlord’s goal is to collect as much rent each month as possible while mitigating their risk. If the applicant can represent that they would be a stable tenant, the landlord may give them a discount on the monthly rental amount along with including utilities or services.
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A: Normally, the tenant pays for all utilities but in some cases the landlord will pay for trash and sometimes water. However, you can specify which utilities (electricity, gas, telephone, television, water, trash, sewage, or any custom expense you wish to enter) are to be paid by the tenant, and which ones are paid by the landlord. Generally speaking, if the property has an individual meter to track gas, water, and electricity usage for the tenant, then the tenant will pay for his or her own utilities usage. If there is no meter and utilities are shared, the landlord should disclose this in the lease agreement.
Make sure that every appliance and piece of furniture that is mentioned in the lease exists on the property. If not, at the end of the agreement the landlord will be liable to claim whatever is mentioned in the lease as part of the property. If a move-in checklist is being completed, this is not a huge issue, but the tenant should double-check to ensure that all is included as part of the lease.
A lease agreement is beneficial for many reasons. It clarifies the obligations of both parties during a residential tenancy so each person knows what is expected of them during the rental relationship. For example, the tenant may be responsible for paying rent on the first of every month, while the landlord is expected to keep the property in good condition.
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