A rental lease agreement is the foundation for managing your property while it is occupied, and serves as the contract that dictates all of the things you and your renters can and cannot do during the life of the lease.
Aside from providing legal protection and the ability to evict tenants if necessary, having a well thought out rental lease agreement in place removes uncertainty from various scenarios that may come up during a tenancy.
A good lease clearly states the terms and individual responsibilities and obligations of both tenant and landlord.
For example, if you don’t want your renter to have a pet in your property – state it in the lease.
If you would like to charge automatic late rent fees – state it in the lease.
If you would rather your renter not make any significant changes to your property like putting up or taking down walls – make sure to state it in the lease.
Many landlords and property managers rely on lawyers or realtors to draft rental lease agreements on their behalf, but did you know that you can easily create your own legal-proof leases that include all of the required state-specific clauses online?
In this article, we will cover what a typical lease agreement should include, what types of special provisions you should also consider including, and show you how you can take matters into your own hands and create your own rental lease agreements online.
What Goes Into a Typical Rental Lease Agreement
While every state has different requirements and special provisions can be included, a typical rental lease agreement will include the following information:
- Landlord and tenant contact information
- Property details such as address, size, and amenities
- Type of lease (residential, commercial, etc.)
- Type of property (house, apartment, condo, basement, mobile home, etc.)
- The term of the lease (beginning and end dates)
- Rent information including the payment amount and due dates
- Security deposits and other upfront payment information
- Rights of the tenant
- Obligations of the landlord
- Renewal terms
- Leasing agent information
- Lease termination details
- Other information such as dispute resolution methods
Special Provisions to Consider Inserting into Your Rental Lease Agreement
A standard lease might not always be sufficient and can be tailored to meet the specific preferences of the landlord and tenant, as well as include additionally negotiated terms.
Here are additional terms to consider including in your standard lease agreement:
- Late rent fees, including amounts and grace periods
- Details on any furniture included in the lease
- Ability to add roommates to a property
- Pet provisions, including pet fees or deposits
- Allowing tenants to operate a business on the property
- Property manager assignment
- Subletting and short term rental terms
- Guarantor information
- Rent-to-own provision (allowing the renter to pay for an option to purchase the property for a pre-determined price)
- Special renewal terms such as auto-renewal, pre-defined extensions, and requiring renters insurance
Creating Your Own Rental Lease Agreement
One of the features of Zuby’s property management app is the ability to create your own legal documents. We’ve partnered with LawDepot, an expert in real estate law and documentation, to offer their easy to use digital document creation tool to our users for a special, discounted rate.
Landlords use Zuby to create rental lease agreements by answering simple questions about their specific lease, and a detailed, ready to be signed, state-specific rental lease agreement is produced.
Here is an example of one of the steps in creating a lease agreement on Zuby:
A clean, easy to follow questionnaire allows you to seamlessly enter all of the details pertaining to your property, the parties, terms, and any additional information, which are then combined into a final PDF output.
A subscription to our legal documents gives landlords unlimited access to a vast library of legal documents for real estate and other general areas, all using the same easy to use creation tool.
LawDepot’s real estate library includes every document a do-it-yourself landlord or property manager will ever need, and covers pre-leasing, leasing, subleasing, notices, deeds, amendments and other areas.
Using an App to Manage Your Properties
In addition to creating legal documents, landlords use Zuby to collect rent for free, screen renters, order local service professionals such as handymen and plumbers, and stay organized overall.
Tenants also love Zuby, which offers them free rent payment and a variety of other benefits.
So check out our app, and create your first online lease.